Strong economies mean higher property prices - and looking at the stream of foreign investments into Brazil, it should weather the predicted economic downturn.
Property in Brazil - impacted by Automotive, Tourism, Aviation and Agriculture - and of course Football!
According to industry sources, this year will see nearly $5Billion invested in Brazilian car manufacturing by foreign carmakers and the launch of a new low-cost airline by the owner of Jetblue. It will see increased revenues and production of food and non-food agriculture. It will also see continued growth in external tourism in the lead up to the expansion of Natal airport in 2009 and the World Cup in 2014.
Oil - way beyond self-sufficiency
The announcement in November 2007 of the discovery of the huge offshore Tupi oil fields (containing 5Bn-7Bn barrels according to Petrobras - the state owned Brazilian oil company) and further discoveries in the Santos Basin suggest that Brazil will become a net exporter of oil - with all the economic benefits that brings.
Impact on Brazilian Property Prices
With these factors pointing to growth in the economy, growth of the middle class and continued strength of the Brazilian currency - it is hard to disagree with many pundits and view the Brazilian propery market as being a great opportunity. Particularly from the UK and USA!
This is why Overseas Property Centres continues to source high-quality property developments in Northeastern Brazil and promote them actively.
View property for sale in Brazil