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Brazil Property News: US and UK invest $152bn in Brazil
8th January 2008 12:00
Brazil received around $152 billion (£76 billion) in foreign investment from the US and the UK in 2006, it has been revealed.
A study by the Brazilian Central Bank found that foreign investment into the country grew by 36.2 per cent in the accumulated result for 2006 – the results for which have just become available.
In the same year the US remained the leader in foreign investment in Brazil, accounting for 47.8 per cent of all such funds, with the UK coming in second at 22.1 per cent.
The study states: "In [direct investment], the main values went to services provided to companies – $50.6 billion (£25.3 billion) – and to financial intermediation, including insurance and private pension – $20.5 billion (£10.25 billion).
"These two activity groups concentrate 72.8 per cent of the total declared for the tertiary sector. The main volumes of funds were identified in services provided to companies and financial intermediation."
High levels of foreign investment are good news for property investors in Brazil as economic gain may have a knock-on effect on property prices.
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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