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Brazil Property News: Traditional property markets 'slowing'
8th November 2007 02:02
Signs that the traditional property markets are slowing down emerged today as Spain announced that building work on the Balearic islands is to be frozen as of tomorrow.
The Guardian newspaper reported today that all construction work on the most delicate part of the islands' coastlines which have been "blighted by property development" must be put on hold, opening up the overseas property market for emerging economies such as Brazil, which remain largely underdeveloped.
Maria José Caballero, from Greenpeace, said: "It is very positive and very necessary. What you have to realise is that these islands are going to be the first places to suffer the effects of climate change.
"Whatever can be done to prevent further development on the coasts will give some kind of guarantee for the future."
Brazil is currently tipped as a promising and emerging property market by many industry experts and it is reported that property prices are growing at a rate of twenty per cent, with some part of the north-east of the country exceeding that increase.
Experts at this year's UK-based Property Investor and Homebuyer Show tipped the Latin American country as an excellent place for high-yielding property investments for those looking for a profitable place in the sun.
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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