Brazilian property investors ‘attracted by economic stability’
Investors are likely to be tempted into buying Brazilian property as the country has been described as "the exception to the rule" in terms of its economic stability.
James Gonzalez, market analyst at Obelisk Investment Property, says things are looking very good for Brazil at the moment, following the news that exports grew by nearly 15 per cent last month.
The Economic Commission for Latin America also reported that the country’s stock market is buoyant and it registered a healthy trade surplus of $3,700 billion (£2,456 billion).
Mr Gonzalez says: "The combination of excellent economic statistics for April and the first successful extraction of oil come at a time when many countries are struggling in difficult conditions."
He adds that this tendency looks set to continue for the rest of the year, which is likely to be good news for Brazilian property investors.
Meanwhile, Wilson Amaral, chief executive of Brazilian property developer Gafisa, has told Reuters that the government’s investment in low-income housing will boost the real estate market in the country.
