Brazil Property News: Foreign property markets 'haven't halted'




5th September 2008 07:00


The foreign real estate market, such as Brazilian property, is far from a grinding halt, it is being claimed.

Homesgofast maintains that while low levels of consumer and bank confidence have resulted in reduction in the numbers of people buying real estate overseas, the market is all about value for money.

Nicholas Marr, chief executive of the firm, said despite the industry slowing down, it is far from a halt and the economic climate is benefiting some areas.

The Spanish market is suffering most from the credit crunch as most real estate agencies are reducing staff, he added.

He concluded: "Those buyers who are in the fortunate position not to require high loan to value finance are now reaping the rewards; they have the power."

Figures from the Institute for Public Policy Research, published on the BBC website in December 2006, showed that 5.5 million Britons permanently moved abroad in 2006 with 761,000 living in Spain, 678,000 living in the United States and 1.3 million in Australia.


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

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.



Name:
Email:
Phone:
Your message: