FTSE launches emerging markets indices
People looking to buy real estate in Brazil may be interested to learn that they will now be able to track the relative value of property with the launch of new emerging markets indices.
The European Public Real Estate Association (EPRA) and National Association of Real Estate Investment Trusts (NAREIT) – the world’s leading real estate authorities – have created the new indices, which are created in real time by FTSE.
Ronnee Ades, head of alternatives at the FSTE group, said: "The global real estate marketplace has grown significantly in both size and diversity over the past few years. At the same time, investors are increasingly expressing interest in accessing emerging markets."
The indices will track 70 publicly traded Real Estate Investment Trusts and listed properties companies within 13 emerging markets worldwide, including Brazil.
Brazilian property investors will be able to study the FTSE ESPRA/NAREIT Emerging Americas Index, which will be part of the expanded Global Real Estate Index Series from the same group.
Last week, Martin Hutchinson, writing for breakingviews, said Brazil’s property market will "flourish" in 2009.
