Brazil beginning to do better
Now may be the time for astute property investors to pounce on the opportunity of a lifetime as one analyst says the Brazilian economy is just getting going.
Back in 2003 global property experts Knight Frank named Brazil as one of the emerging Bric (Brazil, Russia, India and China) economies, that it predicted would eclipse the word’s biggest economies by 2050.
Now national trade newspaper the Financial Times has said that Brazil is just beginning to realise that potential and has "begun to do better", getting in line with China, Russia and India’s development.
This economic growth was confirmed by the governor of Mexico’s central bank, Guillermo Ortiz, at the World Economic Forum in Davos last year.
He said: "Latin America today, from a macroeconomic perspective, is as solid as it has ever been – at least in my lifetime."
Domestic tourism has also given Brazil a boost, as official statistics have revealed that Rio Grande do Norte alone received more than 2.2 million tourists last year, who brought in $579 million (£289.5 million) in revenues.
Furthermore, property experts at last year’s UK-based Property Investor and Homebuyer Show tipped Brazil as an emerging country poised on the verge of a property boom.
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