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Brazil Property News: Brazil is 'booming', says expert
15th February 2008 09:48
Property investors considering investing in Brazil may be pleased to hear that the country has been described as a "booming" nation, by one expert this week.
Nuno Camera, Latin America economist with the Dresdner Kleinwort investment banking unit of Germany's Dresdner Bank AG, described to The Columbus Dispatch how a growing number of Brazilians are rising above the limitations of their class and buying property.
He said: "Once you know you can get there despite your class and your origin, you have hope and you work harder."
Nuno's comments were backed up by real-estate agent Salvador Rodrigues.
"It is changing attitudes, because people see their neighbours buying, and that means they know they can do it," Salvador explained.
The paper also reports that apartment buildings are being constructed at such a rate that sales are expected to rise by 11 per cent, beating 2007's record-breaking increase.
Furthermore, two major off-shore oil finds by state-owned firm Petrobras in the past three months have also provided an economic boost for the country and could potentially make it into an oil and natural-gas exporter.
For more information on Brazil property investment and to find out about uv10's latest projects, contact uv10 on 0845 643 1036 or email info@uv10.com or visit our website: http://www.uv10.com
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How to invest in Brazilian property
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