Foreign investment in Brazil grows by 20.6%
Brazilian property investors may be interested to learn foreign direct investment in the country grew by 20.6 per cent in 2008.
Foreign investment in Brazil amounted to $41.7 million (£30.1 million) last year compared to $34.6 million in 2007, according to figures from the United Nations (UN) Conference on Trade and Development.
Cross-border mergers and acquisitions also grew by 13.6 per cent, generating $9.7 million for the country in 2008 compared to $8.6 million in 2007.
Brazil bucked the worldwide trend as the UN’s figures showed foreign direct investment inflows declined by 21 per cent last year and are likely to decrease further in 2009.
Last week, a poll of the Association of Foreign Investors in Real Estate’s 200 members found that Brazil offers the second best opportunity for capital appreciation.
The survey – which was conducted in the fourth quarter of 2008 – found that 16 per cent of respondents saw the country as a good place to invest, coming second behind the US.
