Brazil is ‘one to look at’ for property profits
Property in Brazil could be a sound financial investment, according to an industry specialist.
Investment property firm Obelisk claimed that despite the current economic downturn there is renewed optimism about buying property again, with emerging markets such as Brazil top of the investment wish list.
MoneyWeek recently announced figures which showed that Brazil’s stock market had risen by 76 per cent so far this year, with only China and Indonesia performing better in the world.
Brazil’s gross domestic product growth was also encouraging last year while their domestic demand is booming on the back of their middle classes whose purchasing power rose by nearly four per cent between June 2008 and June this year.
A spokesman from Obelisk said that the secret to Brazilian property investment was "choosing the moment".
The representative added: "With renewed optimism in the air and money back on the table, investors are looking for the best property investment option. As touted by all the economic experts, Brazil currently represents the best buy."
As well as having a positive financial outlook, Brazil has also been boosted by a recent report from the International Olympic Committee which looked at facilities such as transport and sporting venues ahead of a vote to bring the 2016 Olympics to Rio.
