Brazil Property News: Brazil 'best for investment'




29th April 2008 04:46


An American-based billionaire has tipped the emerging nation of Brazil to become one of the world's leading economic forces.

Sam Zell, a real estate and media mogul, claimed that he would rather invest in Brazil than other similar emerging nations due to its unrivalled potential, Reuters reports.

"I'd buy Brazil," he said. "It has the chance 30 years from now of being a bigger economic power than China."

Mr Zell, who is the chief executive of the Tribune Company, attributed the potential success of the South American nation to its large population and its range of natural resources.

Meanwhile, according to F&C assets management, property in Brazil is among the top investments in terms of growth potential.

Jeff Chowdhry, head of emerging equities with the firm, said: "We are very positive on Brazil where we find good valuations and strong earnings growth."

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