Brazil Property News: Brazil's GDP 'will grow 4.71% this year'




27th November 2007 10:54


Brazil's Gross Domestic Product is set to grow by 4.71 per cent this year and another 4.33 per cent in 2008, according to new reports.

Figures released this week in the Focus Bulletin report from the country's Central Bank forecasted the growth based on the opinions of 100 market analysts and "main economy indicators", reports Brazzil Mag.

Analysts also expect that foreign investment and capital invested in the productive sector, will total $33 billion (£17 billion) for 2007, and forecast that this figure should reach a stable $25 billion (£13 billion) in 2008.

Interest rates, which have been praised in recent months for their stability, will remain at 11 per cent for this year and 10.25 per cent for next year.

The economic growth and stability outlined in the report is good news for property investors in Brazil, whose investments may increase in value in correlation with the country's progressing economy.

Property prices in Brazil are reported to be increasing at a rate of 20 per cent with some regions of the north-east of the country exceeding this rate.

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


Related News



News Archive


How to invest in Brazilian property

When it comes to property investment, the early bird really does catch the worm.


uv10s web site is designed to help and will provide you with the following invaluable information:



To know more, and have the chance to be one of the first to invest in this exciting and dynamic market, fill out our online form and we'll be in touch to answer all your questions.



Share & save this story: 
Digg iconDelicious iconReddit iconFark iconYahoo! iconNewsvine! icon

  Subscribe in a news reader

Subscribe to Brazil Real Estate & Property News by Email



Name:
Email:
Phone:
Your message: