Brazil real estate ‘a favourable option’
Brazil has emerged as a leading place for real estate developers to tap unexplored opportunities, according to an industry expert.
With the current low cost of housing units, property development is fast emerging as the next area of growth in the South American country.
A new study from Research and Markets, titled Brazil Housing Sector Analysis, has predicted that the housing sector in Brazil is poised for tremendous growth in the coming few years on the back of a growing population, rising income levels and increased demand for property.
Thanks to this market potential from both the private and public sector, it is also expected that the housing construction industry in Brazil could overtake other sectors in terms of its contribution to gross domestic product in the country over the next few years.
People interested in Brazilian real estate continue to be boosted by predictions which show that the country is expected to have an economic expansion of 4.8 per cent next year, while growth could be even bigger in 2011.
