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Brazil Property News: Brazil vehicle production grows by over a fifth
7th July 2008 04:16
Vehicle production in Brazil has increased by more than one-fifth over the course of the first half of this year, it has been revealed.
The news could be seen as positive for anyone with Brazilian property interests or for anyone considering their options when it comes to buying property in Brazil.
Data from the National Association of Vehicle Manufacturers (Anfavea) in Brazil have shown that close to 1.68 million vehicles were manufactured in the first six months of 2007 and almost 1.3 million were traded during the same period.
"We have now reached production and consumption over 200,000 units, which shows that growth should remain, but at a lower rhythm than what has been taking place in recent years," explained Anfavea president Jackson Schneide.
In related news, Brazzil Magazine recently reported that almost £12.5 million is to be invested into improving roads in the city of Rio de Janeiro in preparation for the football World Cup it is to help stage in 2014.
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How to invest in Brazilian property
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