Brazilian property story is about ‘up, up, up’
Brazilian property is continuing to be a success story, according to a new report, which stated that thanks to its relatively short recession, the market has been able to go from strength to strength.
A guide written for Property-Abroad.com stated that the way the South American country absorbed the global economic crisis means that it is now one of the hottest emerging markets in the world.
"The middle class is growing rapidly and there is a real shortage of affordable housing. Now, savvy investors from around the world are snapping up low cost properties and filling this void. Joined by thousands more buying holiday homes at massively reduced prices, also with investment potential as Brazil's prestige grows," the report stated.
Recently, Ruban Selvanayagam, from the Brazil Real Estate/Land Investment Guide, stated that after an extended period "sitting in the shadows", Latin America's largest country is presenting a number of economic characteristics which is showing how it can grow, providing excellent opportunities for property investors.
Posted by John Holmes
