Brazilian economy ‘has a lot going for it’
People buying property in Brazil will be moving to a country whose economic outlook "has a lot going for it".
A report by CompaniesandMarkets.com said that bank lending will continue to be a driving force behind its success, offering more sophisticated instruments to different sectors, including housing, where loans are still a new phenomenon.
It added that as well as seeing an increase in inbound visitor numbers, Brazil has been manoeuvring itself as a political powerhouse, which will benefit property owners in the country in the coming years.
The report was backed up by the country’s finance minister, who told people looking to invest in Brazilian property that there will be an average growth rate of 5.5 per cent in its economy from 2010 until 2014.
He made the announcement at a ceremony launching a phase of the government’s Growth Acceleration Program, which the minister said has helped improve the distribution of wealth and social inclusion.
Posted by John Holmes
