There is a “lot of interest in Brazil”, says expert
A leading property expert has tipped Brazil as somewhere investors may want to consider buying property this week.
James Price of Knight Frank told property website Country Life: "We are aware that there is quite a lot of interest in Brazil, although we are still studying how long-term that is, as a lot has been on a speculative basis."
The global property expert’s comments echo those of one real estate development agency, which also told the website that it has seen an increase in demand for property in the "lush greenery of Brazil".
According to independent property website Amberlanb, Brazil’s economy is holding its own despite the current economic turmoil in the US and said it is expected to witness substantial levels of foreign direct investment during 2008.
The website continues to state that property in Brazil has become a "must-have commodity" for investors, who want a place in the sun which offers greater yield stability.
"Now you can feel more confident about committing to Brazil for the longer term because its economy is showing signs of remaining robust – so this opens up even more areas of profitability potential," says Amberlamb.
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