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Brazil Property News: Brazil property to boom, says expert
21st May 2008 04:24
Property in Brazil will continue to boom despite an interest rate rise, according to an industry expert.
Gafisa has revealed the soaring popularity of Brazilian property will not be hampered by the Central Bank's first interest rate rise in three years, Bloomberg reports.
The level of interest was increased after inflation reached its highest rate in two years, at five per cent.
Wilson Amaral, the firm's chief executive, said there were real-estate investment opportunities across the whole country.
He added that he expected mortgages to be as much as 12 per cent of the country's gross domestic product by 2012.
Meanwhile, it was reported this week that an increasing number of Brits are buying property in Brazil.
Resort Group International revealed that property in Brazil is becoming more popular because it is a fraction of the price of that in Florida and the Caribbean.
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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