From the outside the Brazilian economy is doing something of a crazy dance at the moment. On the one hand the currency has risen to great heights of strength on the back of investor confidence, and on the other hand stocks have crashed because traders are concerned about the knock on effects of America’s dire economy. Inflation is rising sharply and causing concern, but President Lula is well known for his inflation busting attitude. So this all begs the very important question, can Brazil’s property market continue to boom?
Stacey (of Gavin and Stacey fame) thinks so – according to an interview with the actress who plays the part of Stacey in the Sunday Times this week, she has invested in a property in Brazil. Many media and property sources are now using her as testimony to the health of the market! Sorry, what a load of rubbish – is she a real estate investment tycoon? No she is not. Does she have greater insight than the next man or woman into which way the Brazilian real estate market will go? No she does not. Me thinks one needs to look a little more closely at Brazil before one jumps in actually…
At AmberLamb we highlight strategic and significant developments affecting emerging markets’ economies to allow international property investors to make key and informed decisions about which countries and which property market sectors are worth considering for the development of their portfolios - this article about Brazil property is no exception.
There has been a flurry of positive news coming from Brazil recently which has translated into good news for property for sale in Brazil; so much so that experts researching for the forthcoming UK based Property Investor and Homebuyer Show are tipping Brazil as an emerging country poised on the verge of a property boom.
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