People ‘looking to invest in Brazilian property’
People are more likely to invest in property in Brazil, Russia, India and China (Bric) as their recovery is more visible, experts have claimed.
Financial firm Threadneedle said investors are showing renewed interest in these nations as some of the Bric nations are growing at a faster rate.
Julian Thompson, head of global emerging market equities at the company, stated: "While the green shoots may be thin on the ground in developed markets, the recovery in emerging market economies, especially the Brics, is more readily visible."
Brad Durham, managing director of EPFR, which gives fund flow data to firms, told the Financial Times that Brazil is one of the leading commodity exporters, making it a more attractive place to buy property in Brazil.
Michael Power, global strategist at Investec Asset Management, said investors are attracted by higher gross domestic product growth rates, less debt and more robust banking systems in Bric nations.
Steve Worboys, director of Experience International, added that an increasing number of investors are realising the potential of property in Brazil.
