North-east Brazil ‘a property investment hotspot’
The north-east of Brazil currently represents one of the five best property investment opportunities in the world, according to the new Global Real Estate Index.
The report lists the 27 best real estate markets in the world based on factors such as value for money, appreciation potential and ease of buying, as well as weather, tax favourability, cost of living and community.
Brazil ‘remains a global powerhouse’
Brazil's position as a global 'powerhouse' is not in doubt, as the country is expected to post impressive gross domestic product (GDP) data in 2012, as it has in recent years, a new report suggests.
In its latest Emerging Trends in Real Estate report, global consultancy PricewaterhouseCoopers noted that the GDP growth of Brazil will be greater than that of both Europe and the USA in 2012.
Standard Life sells Brazilian property
One of the largest real estate investors in Europe has announced that it has sold the Alana II Building in Sao Paulo.
Standard Life Investments, which is also a global fund manager, sold the office property for £11.60 million to a Brazilian wealth management family.
GTIS achieves massive Brazilian property investment
A US real estate company has raised a whopping $810.2 million (approximately £510.9 million) from a number of investors, which it will direct towards property projects in Brazil.
GTIS Partners, a global real estate investment firm headquartered in New York – with an office in Sao Paulo – announced that they were happy that the investors had committed their capital to its Brazil Real Estate Fund II.
Construction work back on at Beira-Rio Stadium
Eight months after construction work grinded to halt in Southern Brazil at the Beira-Rio Stadium, the project has once again commenced thanks to a breakthrough in negotiations.
It is a remarkable turnaround as inspectors earlier this month, appalled at how incomplete the stadium is regardless of the break in construction, were considering dropping it completely as a 2014 Football World Cup stadium.
Bric power equals property opportunities
With money flowing healthily into Bric economies, the property market in each respective nation will prove to be financially rewarding in the long-term, according to an expert.
In an interesting article for Fundweb, Stewart Coe, an investment director at Scottish Widows Investment Partnership, cited a figure that was put forward by the International Monetary Fund about the collective productivity the Bric nations are capable of this year.
Natal ‘rapidly increasing’ in popularity
The Natal region in north-east Brazil is rapidly increasing in popularity as a destination for property investors, one real estate expert has suggested.
Dean Thomas, managing director of developers DLT Property, told Property Showrooms that he believes the capital and largest city of Rio Grande do Norte is proving popular for a variety of reasons.
Investors expand Brazilian property portfolios
A large proportion of property transactions in Brazil are investors looking to expand their portfolio and make a substantial profit doing so, it has been observed.
Brazilian property expert Mirella Parpinella told Property Secrets that around 70 per cent of property sales she has recently she has recently witnessed were through investors, while 30 per cent of people purchasing for their own use.
She noted that many people are buying several units in certain regions, while others are small investors who are looking for a nest egg purchase.
Otavio Flores, a Brazilian business manager, added that investor concentrations generally depend on location, with some areas ripe for development and proving popular with potential buyers.
Meanwhile, commercial manager Luis Lopes Batista suggested that buyers are made up of the medium-upper class who are acquiring units for rental purposes.
It comes after Obelisk International recently reported that Brazil's growing middle class is proving to be a powerful force in the country's property market, with the demographic a leading factor in real estate prosperity.
According to the source, the Zona Norte district in the city of Natal is one example of an area of Brazil that is developing property due to growing demand from middle class residents.
Brazilian property market ’set for superlative growth’
The residential property market in Brazil is set for 'superlative' growth in the coming years as the country's economic expansion continues, one analyst has predicted.
A new report by the market research consultant RNCOS suggests that a combination of the pace of population growth and the nation's economic trajectory will lead to the formation of 1.3 million new homes a year by 2014.
Property in Brazil ‘a major investment opportunity’
Brazil property currently presents a major investment opportunity, considering the effect that major global events are likely to have on the country in the next four years, it has been noted.
The site of not only the 2014 Football World Cup, but also the 2016 Olympic Games, Brazil is set for a period of economic expansion that will affect all aspects of its infrastructure, noted Gulf News.
