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Brazil Property News: Brazilian property booms
15th July 2008 04:00
Brazil real estate has continued to boom while other emerging markets are suffering miserable times, one commentator has said.
Writing in the New York Times, Judith Rehak said the Latin American nation was still enjoying economic buoyancy which was the reason for a boom in property in Brazil.
She cited Morningstar figures which indicate offshore Brazilian property portfolios gained by 14.7 per cent on average in the second quarter.
Ms Rehak believes Petrobras buoyant performance in the oil market and the investment approvals from Standard & Poor's and Fitch were also to thank for the shining second quarter for Brazil real estate.
"Brazil funds not only withstood global bouts of volatility, but turned in strong gains as well," she wrote.
Meanwhile, those considering buying property for sale in Brazil could also be interested to hear the nation's tourism division, Embratur, has launched a heavy overseas promotion campaign in a bid to lure more people to the Latin American nation.
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How to invest in Brazilian property
When it comes to property investment, the early bird really does catch the worm.
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- Why Brazil is now the best place for property investment
- Why its all happening in 2008
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- Brazil buyers guide
- More about uv10, your dedicated Brazil property specialist
- See what the press say about uv10 and Brazil property
- The latest and hottest property in Brazil
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