Brazil offers room for growth

Tuesday, June 01, 2010

Brazil offers room for growth

Many property investors are overlooking the strengths of the Brazil property market, according to Reboucas, Brazil's second-largest asset manager.

The Brazil government plans to build two million new homes in the next few years, the economy is tipped to grow 6.5 percent in 2010 alone, while home prices have appreciated by over 20 percent during the first four month of this year in booming destinations like Sao Paolo, according to a new report from the Brazilian Company of Property Studies

Further capital growth is anticipated on the back of the country's rapidly growing economy and the fact that Brazil has been selected to host the 2014 football World Cup and 2016 Olympic Games.

Reboucas is currently advising international investors to put money into the Brazil property sector by investing in the Brazil property market and into new home developers in the country.

“There have been times when you had to look at the smaller homebuilders to find value, but now you can basically buy anything in the sector”, a company spokesman said.

The Brazil property market is set to benefit from almost £400 million being raised by renowned U.S. billionaire Sam Zell to invest in the Brazil property sector.

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A Place In The Sun