Brazilian property ‘paints attractive picture’
One online consumer adviser claims the fact Brazil is in a far healthier position to emerge than other nations’ paints an "attractive picture if you are looking to buy property in Brazil".
BuyAssociation maintains that Brazil’s banks have healthy cash reserves in place and the total level of borrowing in the nation is far less compared to other countries.
"With the north-east coast of Brazil being just a six-hour flight from the UK, the country is a realistic choice for both the investment and lifestyle buyer," the website stated.
It added that should the nation’s economy continue to weather the global downturn the prospects for Brazilian property will be "looking rosy in just a few years".
Meanwhile, Agencia Brasil reported that employment in the nation was almost stable during the period between August and September.
Data released by the Brazilian Institute of Geography and Statistics revealed that industry employment shrank by 0.1 per cent from July.
