Brazil Property News: US real estate investors back Brazil




22nd October 2007 11:49


US real estate investors are turning to Latin American countries where returns on investments are higher.

In the US property market, yields are currently around five to eight per cent, compared with nine to 15 per cent in Latin America.

Steve Collins, international capital markets analyst, told Investor's Business Daily: "We think over the next couple of years you're going to see a huge boom in Latin America."

According a leading Chicago-based real estate services firm, in the first half of 2006 investors put just $143 million (£69.7 million) into the Brazilian property market whereas in the first half of 2007 around $2.2 billion (£1.1 billion) was invested in the country's real estate – around 15 times as much.

Brazil's tourist industry has gone from strength to strength in recent times, achieving record revenues from foreign visitors this August, which may attract further attention from real estate investors.

The national tourist board Embratur announced this month that it intends to attract 995,000 thousand Japanese visitors to the country per year and has just hired a new PR firm to promote Brazilian tourism in the US.

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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