Brazilian property markets ’set to grow’ in the future
Those people looking for Brazilian property will see a real estate surge as developers and buyers are set to show more interest in Latin American in the coming years.
A report on PropertyWire.com said that over 100 builders and developers from India are set to visit Brazil and Argentina on a ten-day tour to look at local real estate markets, with opportunities and joint ventures being sought after.
Rio de Janeiro and Sao Paulo will come under the microscope in particular, according to Suresh Patel, president of developers organisation GIHED.
"We have been keeping our eye on Brazil as an emerging market for some years now. Brazil’s stock market was up by 83 per cent last year alone which is a clear indicator of the strength of the economy and the resulting positive growth of the real estate market," added chief executive of Elysian International Masood Naseeb.
Chris Fuzinatto, director of Embratur, said that the number of people investing in Brazilian property in the future could be set to increase thanks to improving tourist numbers.
Posted by John Holmes
