Brazilian property investment ‘leading the way’
Interest in Brazilian property went up last year, leading to an increase in global property investment activity.
According to data from the Royal Institute of Chartered Surveyors (Rics), there was a net balance rise in transactions from 29 per cent to 61 per cent in Brazilian property in the fourth quarter in 2009.
Latin America also saw occupier demand and lettings activity rise last year, in contrast to the US, which reported a drop in activity over the last 12 months.
Investor interest in Brazilian property also helped to create a 70 per cent rise in real estate activity last year.
Simon Rubinsohn, chief economist, said that Rics’ latest figures showed that the emerging real estate markets are showing encouraging signs.
He added that the strength of results from sales of Brazilian property is a reflection of the unfolding economic recovery in the region.
Carlos Della Libera, executive advisor to Brazil’s state housing secretary, commented that the country’s economic growth is changing people’s perceptions in a positive way.
