Investors ’still attracted’ to emerging markets
Emerging markets such as Brazil are still attracting property investors, according to new reports.
The latest Global Property Survey from the Royal Institution of Chartered Surveyors (Rics) has found that despite the global credit crunch there are still fruitful opportunities in the emerging property markets.
Rics claims that developing markets such as Brazil, India and China will continue to "boom" as they have remained "largely unaffected" by the financial market problems in the US and other western economies.
Senior economist for Rics, Oliver Gilmartin, said: "We do not expect investors to flee emerging locations in response to current economic distress as economic foundations have been much repaired over the last decade.
"Reduced reliance on capital markets across some emerging property markets has in fact offered insulation against ongoing volatility."
The survey highlights that the Bric economies (Brazil, Russia, India and China) now account for more than 50 per cent of the world’s GDP and have started to increase their hold over the proportion of global property transactions occurring annually.
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