Brazilian property ‘will enjoy growth’
The Brazilian property market has been tipped to offer the greatest capital growth over the course of the next 12 months.
Property mogul Sam Zell told delegates at an Israeli business conference this week that Brazil, China, the Middle East and some parts of Eastern Europe will enjoy stimulated growth.
"They have growth, they have political stability, they have natural resources … and a relatively low cost of entry today," he explained.
Mr Zell added that he believes that the US will also experience something of a housing market revival this coming year.
Propertyshowrooms.com reported this week that Property Abroad analyst Liam Bailey said the Brazilian property market offers the best deals around at the moment.
He added that the country offers investors the best deal and has remained strong despite the credit crunch.
According to Mr Bailey, on-going positive media exposure coupled with large amounts of overseas funding will ensure that property values in the country remain strong.
