Brazilian retail boom
Retail trade revenues have grown by ten per cent in the first half of this year, it has been reported.
The Brazilian Institute of Geography and Statistics’ Research Monthly Trade Data released this week found sales enjoyed record six month booms for the past seven years, according to Agencia Brasil.
People thinking about investing in Brazilian property could be interested to hear the news, which suggests the Latin American nation is enjoying a period of economic optimism.
The figures also found sales were up by 1.3 per cent in June in comparison with the previous month.
Meanwhile, it was reported by Reuters last week that a new report released by Real Capital Analytics claimed Brazil real estate enjoyed a rise of 40 per cent during the first six months of this year.
Emerging markets accounted for one-quarter of all property sales in the first-half of 2008, which is up by ten per cent from the same period in 2007.
