Brazil to Become Top Property Market

Brazil is set to become one of the hottest property markets of 2010. As one of the world’s fastest growing economies, Brazil has seen a large increase in Foreign Direct Investment. With the country set to host the 2014 football World Cup and 2016 Olympic Games, there will be improvements in infrastructure and huge growth in the construction industry.

Foreign investors are flocking to Brazil to view prime properties with world class views, snatching up real estate in anticipation of future capital growth.

Brazil Property Specialist, Colordarcy have seen Brazilian property enquiries increase by 60%, since the Olympic announcement. The company has responded by launching a consultancy service to help clients to source the best real estate deals in Rio de Janeiro.

Loxley McKenzie, Chief Executive at Colordarcy – is predicting an annual increase of 20% per year until 2016.

Mortgages will soon be available to international buyers and this will create a further boost to Brazil’s property market.

Investment banking firm Goldman Sachs believes that Brazil’s economic growth could outstrip that of the other BRIC (Brazil, Russia, India and China) nations over the next few years.

Brazil’s economy is widely expected to become the fifth largest in the world by the time the Olympic Games kicks off in 2016, and yet property and land prices still remain a fraction of those found in more developed nations.

The Brazilian president Luiz Inacio Lula da Silva has already pledged to spend up to £11.5bn ($17.4bn) on building a million new homes in Brazil between now and 2011.

If you are looking to visit or relocate to Rio, RentinRio.com represents Rio de Janeiro’s highest quality apartments, flats, penthouses, and hotels.

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2 Responses to “Brazil to Become Top Property Market”

  1. Beth Coleman Says:

    This is an excellent post. I’m bookmarking your blog and will sure be back for more. Thank you.

  2. Robert Feewald Says:

    This post says all that I have been seeing in Rio real estate and more. It seems that Rio owners have a perplexing problem because proverty values are going up so rapidly that they don’t know how to price their apartments.

    I never thought I would see the day that I’d be able to definitively state that Rio was coming back strong and for real, but this time it looks like the real thing.

    Thanks for this up to date look at what’s happening there

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