Oil discovery to have ‘massive’ effect on Brazilian property
The knock-on effect of a recent oil discovery in Brazil on the country’s economy and property investment industry is set to be "massive", according to industry experts.
Coupled with the country’s golden beaches and what is described as "some of the purist air in the world", the discovery of up to eight billion barrels of light crude oil 250 kilometres offshore from Rio de Janeiro will turn Brazil into a major oil exporter, says property firm uv10.
The company’s sales and marketing director, Samantha Gore, tipped the north-eastern region of the country as the best place to invest.
She said: "In my opinion Domus Villas occupies possibly the best plot of land in the whole of Pipa, elevated with turquoise sea all around."
Pipa is located close to the city of Natal, where a new airport is scheduled for completion by 2010 which will be the fourth biggest airport in the world.
As well as its recent oil discovery Brazil has also been successful in becoming a major exporter of soya beans and sugar.
Peter Hakim, president of the inter-American Dialogue, a policy group in Washington which focuses on Latin America, said: "All of a sudden Brazil is emerging as an energy power… Everything they have developed, from soya beans to sugar to oil is suddenly working. They have had amazing luck."
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
