Brazil Property News: Brazil is increasingly attractive, says expert




2nd July 2008 04:53


Brazil's industry is becoming increasingly attractive to overseas investors, one business consultancy has said.

People looking at property for sale in Brazil could be interested to hear the nation's reputation among foreign investors is improving, according to PricewaterhouseCoopers.

The firm's EM20 Index ranks markets by the consideration of risk and measures the relative value for each dollar invested.

Four years ago Brazil was in 20th among the most attractive places for investments in the manufacturing sector but has since risen to 12th.

It has gone from 15th in the service sector to eighth as investors take into consideration the Gross Domestic Product.

PricewaterhouseCoopers' announcement follows two recent investment upgrades – from Fitch Ratings and Standard and Poor's – and could further boost property in Brazil.

The latter resulted in the Sao Paulo Stock exchange soaring by 6.33 per cent to a record level, reports ANBA.

Fitch ratings increased Brazil's rating which suggests the nation is ripe for investment.


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