The new airport in Natal is crawling along at the moment and will be nowhere near finished in 2009/2010[.Whilst the currency is strong in Brasil it makes it more expensive to invest and the risks higher and not cheaper and easier!TQUOTE=ExperienceInt.Dale;62273]I absolutely agree with the above have been researching the market in Brazil for months now and it does seem to tick the right boxes.
There is no doubt in my mind that Brazil is one of the Worlds biggest emering markets, with the new airport coming to Natal, all the investment being poured into the North East of the country, oil supplies, Standard and Poors investment grading etc..
There has never been a better time to invest especially with the Real currency strengthening... Ofcourse with all the emergers comes the doubts but at the end of the day its risk vs return and thus far it all seems very positive you just need to be cautious and do your due dilligence....make sure you buy through the right company, right location and at the right price....
Brazil is already ranked 9th in the world in terms of Gross Domestic Product and with a GDP growth rate of 5.4% last year, the Brazilian economy is set to be among the largest, if not the largest, economies in the world.
One of the big four BRIC countries (Brazil, Russia, India, China), foreign direct investment is pouring in and a young up and coming middle class is emerging, creating massive internal demand for property.
Standard and Poor's have recently given Brazil an investment grade credit rating and mortgages are becoming available to locals for the first time.
This is sure to have an upward effect on the economy and property market overall...which is highly considered as under valued in comparison to mediterranean locations such as Spain..[/QUOTE]
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