Latin America ‘outperforms developed markets’
Those considering buying property for sale in Brazil could be interested to hear that Latin American markets have outperformed developed markets over the course of the past year, it is being claimed.
According to F&C, buoyed on by strength in commodities and minimal exposure to the recent sub-prime and credit-crunch crisis’s the region has over-corrected in the past two months and stocks are cheap.
Urban Larsson, manager of F&C’s Latin America fund, said: "Investors may well be pleasantly surprised by the resilience of earnings, especially in Brazil."
The firm’s statement adds that the South American boom has also been led by domestic growth.
"In Brazil mortgage lending grew at 89 per cent in the first half, but is still less than two per cent of GDP [Gross Domestic Product]," the statement concluded.
Meanwhile, it was reported last week by A Place in the Sun Magazine that property in Brazil is "very affordable" at the moment according to the publication’s research.
