Brazil Property News: Shares 'soar' in Brazil




15th November 2007 09:31


Brazilian shares are "soaring" due to a "broad rise" in the economy, according to new reports.

The Latin American country has been praised for its tamed inflation, falling interest rates and "rapidly growing consumer purchasing power", being branded as "a gift" for US shareholders by Investors.com.

Manager of BlackRock's Latin America Fund, Will Landers, told the investment news website: "Brazil has been a good place to be during the commodities super cycle that we're still living through, and the export side continues to do well.

"What we're seeing now is macroeconomic stability, with inflation and interest rates coming down. The domestic side of the economy is picking up nicely and is becoming an engine for growth."

Earlier this week the Brazilian stock market and currency rose sharply after positive results in the US helped boost optimism for the Latin American country's growing economy.

There was more good news this week when Brazilian oil company Petrobras uncovered what is estimated to be at least 40 per cent of the country's oil reserves, opening up a lucrative market.

Brazil's strengthening economy is also having a knock-on effect on the country's real estate market, with an independent property investment publication naming it one of the most lucrative places to invest in Latin America this week.

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: