Commercial property in Brazil ’shows stable rents’
Commercial property in Brazil is one of the few markets in the world to have reported stable rents last quarter, according to the latest figures.
Research by the Royal Institution of Chartered Surveyors (Rics) found that 90 per cent of the countries surveyed reported that rents were falling, with only commercial property in Brazil, Saudi Arabia and parts of Africa not seeing a decline in yields.
Rics’ Global Property Survey revealed that real estate professionals in France, the Netherlands and the Republic of Ireland were most pessimistic about the short term price outlook as values dropped significantly between January and March 2009.
Agents in many parts of central and eastern Europe were also increasingly gloomy about capital values, according to the research.
Meanwhile, Liam Bailey, reporting for Write About Property, has insisted that the Brazilian property market remains as good an investment opportunity as it was a year ago, saying the only difference from 2008 is the availability of finance for purchasing real estate.
