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Brazil Property News: Brazil's FDI up by 26%
27th May 2008 04:31
People considering buying property in Brazil could be interested to hear that foreign investment in the Latin American country has continued to soar, it has emerged.
Foreign direct investment (FDI) for the first four months of 2008 reached $12.7 billion (£6.5 billion) which shows a rise of more than one-quarter (26.2 per cent) from the same period last year, according to a report released yesterday by the Central Bank of Brazil.
The report revealed the services sector had received the largest volume of funds with $5.6 billion – which suggests that tourism in the South American country is booming .
According to ANBA, the amount of FDI in Brazil totalled $3.9 billion last month, showing growth of 11.5 per cent from the same time last year.
Meanwhile it was reported recently that the central bank's predicts Brazil's economy will boom further as it increased its projected economic growth from 4.66 per cent to 4.69 per cent.
Economic expert Alexandre Schwartsman told Bloomberg it is a "very healthy situation".
For more information on Brazil property investment and to find out about uv10's latest projects, contact uv10 on 0845 643 1036 or email info@uv10.com or visit our website: http://www.uv10.com
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How to invest in Brazilian property
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