Sales from Brazilian real estate event exceed expectations
Interest in buying a property in Brazil appears to have boomed, after sales at one of the biggest events in the country’s real estate calendar are exceeding all expectations.
Organisers of Nordest Invest 2008, which takes place between March 28th and 30th, have reported having to triple the number of stands at the event in order to meet increasing demand.
Companies that have confirmed generating business at the event so far includes Odebrecht, the biggest construction firm in Latin America.
In addition, the world’s three major real estate consultants CB Richard Ellis, Cushman & Wakefield and Newmark Knight Frank, have also had a significant presence at the event.
Nordest Invest’s success may be down to Brazil’s current economic buoyancy in contrast with more developed nations, which are feeling the pressure of the credit crunch.
Earlier this week, Brazil’s Central Bank announced that it now expects the country’s economy to grow at a higher rate than it had forecasted at the beginning of 2008.
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