Look at what happened to property values in Aberdeen

Property in Brazil must surely be set to rise quite substantially over the next decade or so.  Oil reserves keep popping up in the country - so much so that over-exuberance is creeping into the stories and some rash commentators are being slapped down (see this article in the Times).  To my mind, when this sort of behaviour becomes apparent you can bet there is something worth watching going on under the surface.

Brazil to become net exporter soon

Whatever the truth of how much black gold there is in them there hills even modest forecasters are certain that Brazil will have more than enough oil to become a net exporter within the next decade.  Quite a turnaround from the poverty that characterised it when I was a youth.

Now roll forward ten or twenty years and imagine what such rapidly gained wealth will have done to the economy, the populace and the country's international standing.  Aberdeen's experiences in the 1980's and 1990's gives a hint of what the property investor could expect from Brazil - a sharply upward-sloping property value curve with fluctuations in line with the oil price.

Now would seem to be a good time to start house hunting in Brazil - before the boom times push it out of reach.