Brazilian property boosted by stability and strong economy
People’s eyes are drifting towards Brazil for property investment opportunities because of the country’s stability and strong economy, according to an industry expert.
Terry Hobbs, a spokesperson for PropertyShowrooms.com, said that there is great potential for investment in property in Brazil during the next 12 months.
"Brazil is a personal favourite of mine, if you are buying in the right place. I certainly think there are places such as Rio and Sao Paulo where if you are getting the right deal, then you could have a very good investment," he added.
Earlier this month, Elysian International chief executive Masood Naseeb pointed out that Brazil’s stock market was up by 83 per cent last year, which gives a clear indicator of the strength of the economy in the country.
He also said that he had been keeping his eye on Brazilian property as an emerging market for "some years", and has witnessed recent growth in the real estate market.
