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Brazil Property News: Brazil 'very attractive' to investors
10th April 2008 04:44
A growing economy in Brazil is attracting investors from all over the world to the booming region.
The region of Bahia highlights the country's growing strength in capital, with the area's GDP totalling $47 billion as the fourth most heavily populated state in Brazil.
As the largest integrated estate in the southern hemisphere, the Camacari Industrial Complex is an example of booming business in the area - representing some $11 billion worth of investment and accounting for nearly a third of the state's GDP.
Head of Latin American research for Riedel Research Group, Ignacio Goni, said: "If you are a long investor, Brazil is a very attractive place to be in almost every sector.
"I see that companies in Brazil are more attractively valued now than they were last year," he added.
Chemicals and petrochemicals represent about half of industrial activity in Bahia, while the automotive industry makes up about 17 per cent and metallurgy about 15 per cent.
It was recently reported that the country is the European Union's top market in Latin America, which suggests an economic resilience in the area.
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How to invest in Brazilian property
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