Brazil Property News: Brazilian property's attractions grow




14th March 2008 03:54


Property in Brazil is increasingly sought-after with international investors, with high yields on purchases attracting a growing number of buyers.

Brazil recently topped the Morgan Stanley Capital International Global Emerging Markets Index, beating China to the title of the world's biggest emerging market.

Better transport links with Europe and the USA are encouraging more and more people to see the Latin American country as a viable alternative for property investment to conventional destinations, where yields are falling due to saturation and the global credit crunch.

Dan Johnson, managing director of theMoveChannel.com said: "Brazil has a unique blend of attractions for property investors: It has a strong economy, with good regional and global trade links, an increasingly diverse service sector and all sorts of natural resources that it can leverage."

Brazil has featured in numerous reports on the top emerging property markets in recent months, as buyers look around for the next boom area.

And economic stability is rapidly entrenching itself in Brazil.

In the week where Britain's chancellor Alistair Darling downgraded growth forecasts, the Brazilian authorities reported economic growth of 5.4 per cent for 2007.

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