Brazil Property News: Knight Frank: 'Brazil is next big property opportunity'




1st February 2008 03:52


Global property firm Knight Frank has endorsed Brazil as one of the next opportunity-locations for a "big property run-up" this week.

Liam Bailey, head of residential research for the property firm, told the International Herald Tribune that other than Brazil and a few other choice locations "really, everywhere else is starting to slow down".

He attributed this slowdown to a ripple effect from the sub-prime lending crisis in the US and an over-supply of property in popular investment nations such as Spain.

Mr Bailey said: "We are certainly finding a lot of interest from Europeans wanting to buy in Brazil, for holiday or investment properties."

Spain, the UK and Ireland were all highlighted as likely candidates to suffer from the "bubble effect", as there are now few locations in these regions where analysts "can say there is room for rapid growth".

Last year expert researchers for the UK-based Property Investor and Homebuyer Show tipped Brazil as an emerging country poised on the verge of a property boom.

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