Brazil Real Estate Market Set to Boom

Brazil Real EstateBrazil is set for a major property boom when international buyers return in large numbers as upcoming international events fuel Brazil’s growing economy.

Executive chairman at construction firm Confide Brasil Javier Fernandez-Pena says that in recent years property developers have been keeping international buyers in mind. However, the current economic downturn has diminished the amount of developments. Yet the growing domestic sector has stepped into the picture and is helping the market to keep growing.

Mr. Fernandez-Pena predicts good things for the future, “International buyers will come back to Brazil as it is starting to be seen as fashionable or the location of the next real estate boom.” He suggested that 2016 Olympic host Rio de Janeiro will offer a “tremendous opportunity” to attract such buyers.

Mr. Fernandez-Pena was one of a number of speakers at the Why Brazil? Why Now? event in London.

Among the others at the event were coordinator for inward investment at the ministry of tourism Laercio Souza, who noted that thanks to the domestic market, towns such as Santa Cantarina and Florianopolis are already emerging as popular second-home destinations.

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