More good news for people investing in property in Brazil.

 

Figures recently released by the Brazilian government have shown a strong economic performance for 2008, despite the global economic downturn. The past twelve months have seen an increasing level of interest from property investors looking to capitalise on what many as being the next major emerging market. The latest figures, which show a GDP growth figure of 5.1% for the year, are likely to increase investor confidence in a country which has become one of the world’s few economic success stories.

 

The success of the Brazilian economy is predominantly attributed to the strong fiscal policies introduced by President Lula da Silva over the course of the past six years of being in power. Reduction in the levels of overall inflation and foreign debt, coupled with Brazil’s much heralded commodity boom have resulted in a strong economic performance in recent years.

 

A key result of Brazil’s strong economic performance is the emergence of an increasingly prosperous middle class, which has resulted in an increasing demand for property in Brazil, particularly in the highly desirable coastal regions in the north east of the country. With Brazil also struggling to deal with an acute shortage of housing in the country (shortage of approximately 27 million units in Brazil), the increased level of interest from overseas investors is likely to increase.

 

The increase in demand for property in Brazil has seen a number of high quality developments being announced throughout the country, in particular in the north east coastal regions around Natal. Developments such as the new development at Cabo Sao Roque have already proven popular with investors seeking to capitalise on Brazil’s strong economic performance.

 

>> More information on property in Brazil.