Brazil Property News: Brazilian economy 'growing at healthy rate'




19th November 2008 06:30


The Brazilian economy will grow at a healthy rate despite any adverse affects felt by the global economic downturn, it has been claimed.

Henrique Meirelles, the president of the Latin American nation's Central Bank, is quoted by Ready2Invest.co.uk as telling the Xinhua agency: "Brazil will undergo a deceleration in the credit next year, which will produce a general deceleration of the economy, but in a much lower pace than many countries."

Brazilian property investors could be interested to hear the website reports that Mr Meirelles predicts the economy will grow at a rate faster than the global forecast of two per cent.

Meanwhile, real estate firm Property Abroad claimed this week that the Brazilian property market has been growing in popularity over the course of the past few months.

The organisation tips the north-eastern resort of Natal as one for investors to consider.

Les Calvert, the firm's director, said the location has attracted a number of properties being viewed and enquired about.


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