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Brazil Property News: Brazil lures record foreign investment
29th April 2008 04:53
Foreign investment in Brazil broke records in March, the nation's central bank has said.
The Brazilian Central Bank announced that the flow of foreign direct investment (FDI) hit a record $3.083 billion (£1.561 billion) last month - the highest figure recorded for March since it was introduced in 1947.
Figures released by the bank also showed that the Latin American nation had enjoyed a record first quarter, with total investment of $8.799 billion.
People considering buying property in Brazil could be interested to hear that foreign investment is at its record high for this time of the year which hints that investors have confidence in the South American country.
Altamir Lopes, the bank's head of economic department, said: "There is a significant investment volume spread across various sectors.
"The trend in 2008 is for the expansion process to continue."
Meanwhile, last week an Arab bank announced that it was looking for investment opportunities in Brazil.
ANBA reported that the institution wanted to invest in the building sector where it plans to establish a partnership with a construction company from the Emirates.
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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