‘Sooner the better’ for Brazilian property investors
The sooner investors enter the Brazilian property market, the better growth opportunities they will get, according to an industry insider.
Luis Fernando Martinez, sales director of steelmaker CSN, told Reuters that the company is aiming to make the most of the boom in the Brazil real estate sector, which has been boosted by the government’s 34 billion reais (£10.5 billion) homes for low earners plan.
"The housing deficit here is still too big and the ability to lend is very good at the same time. The sooner you enter this market, the better the growth opportunities you will get," he told the news provider.
CSN is expanding its range of products to capitalise on the Brazilian property sector, aiming to unveil a new line of materials for construction in 2010, such as concrete and aluminium.
Meanwhile, John Howell, a British lawyer and senior partner of The International Law Partnership, writing for the Irish Times, has said that the Brazilian property market is one of the emerging sectors that continues to offer good income yields for overseas investors.
