Brazil’s stock exchange makes gains
Brazil’s stock exchange has gained three per cent, as a "rally in global markets" has prompted investors to "snap up shares".
The Bovespa index of the Sao Paulo stock exchange rose to 62,599.44 points from Monday, reports Reuters, marking a good start to the new year for the Brazilian economy.
Greg Lesko, who helps manage a series of Latin American shares in New York, told Bloomberg that despite pessimistic economic forecasts after 2007’s credit crunch some nations may still push ahead.
He said: "It’d be very easy for global growth to surprise on the upside because everyone has been so negative lately."
A strengthening economy could be good news for property investors in Brazil, as economic stability may have a knock on effect on property prices.
Earlier this week property expert Hetal Shah explained the importance of political and economic stability as well as a good tourist industry to a nation’s property market.
Hetal said: "If you take for example what is happening in Kenya at the moment, investor confidence has been dented to a great degree.
"Property values will dip considerably [in a country experiencing unrest]…You have to wait and gauge the market…Wait and watch before you decide to part with your money."
For more information on Brazil property investment and to find out about uv10’s latest projects, contact uv10 on 0845 643 1036 or email info@uv10.com or visit our website: http://www.uv10.com
