Brazilian property ‘optimistic’
The Brazilian property market is among the world’s most optimistic ones at the moment, it has been reported.
According to Boston Real Estate News, the latest Royal Institution of Chartered Surveyors’ global commercial property survey indicates that business demand for property decreased further during the third-quarter of the year.
"The most optimistic rental outlook remains in the UAE closely followed by Nigeria, Ukraine, Germany and Brazil amongst others," the report noted.
It added that falls are likely to continue among most developed markets, while the most negative results are forecasted to be witnessed in Western Europe, Australasia and the US.
Meanwhile, Private Equity Real Estate reported this week that JE Robert Companies maintained that real estate fund managers should take advantage of the Latin American property sector as it undergoes a re-pricing as a result of the credit crunch.
The firm’s president Michael Pralle said the markets now offer a "very attractive" opportunity to investors.
