Brazilian property to shine, beating other countries

Brazilian property could become more popular this year as other countries’ investment prices continue to rise.

According to research in RP Data-Rismark’s National Home Value Index, house prices in Australia increased by 11.3 per cent in the first 11 months of 2009, possibly forcing people to look towards looking investing in Brazilian property.

Last year, the Global Property Guide revealed that house price rises were also seen in Switzerland, Norway, New Zealand, Portugal and Sweden, making Brazilian real estate more attractive to investors.

However, according to PropertyShowrooms.com, real estate in Brazil is attracting investors who are looking to reap great rewards from both commercial and residential estates.

It added that areas such as Bahia on the north east coast and Rio de Janeiro were experiencing a new wave of development.

According to data from Homesgofast.com, Brazilian property will be the top place for investment in 2010, compared with Australia whose ranking slipped down to number seven.

Tags: Brazil, Property, Real Estate

January 8, 2010

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