British house price recovery could highlight need for Brazilian property
Investors have been told that a recovery in UK house prices could take years, which may convince people to look further ashore for more profitable ventures, such as Brazilian property.
A study by PricewaterhouseCoopers showed that there is a 70 per cent chance that UK house prices will still be below peak 2007 levels by 2015 in real terms.
It also found that even in 2020, there is still a 50 per cent chance that prices will be below the 2007 barometer.
"The analysis also highlights the high degree of uncertainty over future house price prospects, emphasising that housing is a risky asset that is not guaranteed to generate positive real returns in the future even though this has been the pattern in the past," said a report on InvestorToday.co.uk.
On the flip side, a guide written for International Living recently stated that a bubble has been created in northern Brazil, with property bargains starting to spring up.
Posted by John Holmes
