Brazilian property buyers ‘reassured by economic results’
Brazilian property investors are being reassured by the optimism of the country’s president Luiz Inacio Lula da Silva and the recent economic results, according to an expert.
Samantha Gore, sales and marketing director at Brazil real estate specialist uv10.com, refers to the figures showing that February retail sales were up 3.8 per cent year-on-year and car sales rose by 16.9 per cent in March.
"Brazilians have every reason to feel at ease with a healthy economic outlook," she says.
Ms Gore adds that the forthcoming World Cup in 2014 is also contributing to the positive forecast for the future.
"All very reassuring for property investors – past and future," she insists.
Meanwhile, Les Calvert, director of Property Abroad, recently said that the economic downturn has led to bargain Brazil real estate coming onto the market for savvy investors, who are also likely to see values double over the next five years.
