Brazilian property sector ’stronger than other emerging markets’
Overseas investors are not being scared off from the Brazilian property sector compared to some emerging markets, according to an expert.
Samantha Gore, sales and marketing director at specialist Brazil real estate agents uv10, says recent figures show the country’s economy is strong, pointing to rises in retail sales and declining interest rates.
She adds that the news that foreign visitors are up by 134 per cent since 2004 is also reassuring for Brazil real estate owners.
"Brazilians have every reason to feel at ease with a healthy economic outlook, not to mention an all-eyes-on-Brazil uplifting football World Cup to plan for in 2014. All very reassuring for property investors – past and future," Ms Gore assets.
She suggests that some emerging markets are scaring off purchasers due to their rocky economic foundations, but the Brazilian property sector is in good shape.
Meanwhile, James Gonzalez, market analyst at Obelisk Investment Property, recently said Brazil is attracting real estate buyers because it is the exception to the rule in terms of its economic stability.
