Brazilian property ‘has not suffered in recession’
Confidence in global property investment is remaining high in 2010, with Brazil being an ideal destination.
Colin Dyer, chief executive officer at Jones Lang LaSalle, said that the new positive trend in property depends on the type of investment being made, stating that several commercial property markets are already back on the upward climb.
Confirming this trend of recovery in specific markets, investment firm Obelisk said that Brazilian property was an ideal destination as it has not been affected by the recession as much as other countries.
"On the contrary, real estate in Brazil is currently on a strong upward trend with prices steadily rising," added the spokesperson.
Mr Dyer also said that the entry and exit of the market downturn in many parts of the world was different depending on the general economic background of each destination, with Brazilian property set to benefit from a positive financial outlook for 2010.
Charles Davies, writing for the Metro Edmonton, said that while Brazilian property investment might carry more risk than well known markets, there was also a chance of "great profitability".
