Brazilian property market ‘will do really well’ in 2009
Brazilian property investors may be interested to learn that the country’s housing market has been predicted to do "really well" this year.
Paul Collins, property editor at BuyAssociation, says Brazil "is coming into its own as a holiday destination" as it is only a six-hour flight from the UK to the north-east of the country.
"Brazil is probably one of the only markets that has emerged recently that should do really well this year as well," he adds.
Mr Collins says the country’s economy has been performing well recently and that the Brazilian government has taken steps to make sure it is in a good position compared to other countries’ economies.
According to BuyAssociation, British investors are attracted to property in Brazil because of the low prices and large volume of new-builds.
The International Monetary Fund’s World Economic Outlook: Housing and the Business Cycle 2008 report revealed that Brazil experienced a significant acceleration in growth in 2007.
