Brazil bucks the trend
Given the never-ending troubles with the Euro Zone, now is a good time for investors to be eyeing up opportunities a little further afield, most notably in Brazil. The country that is expected to be the world’s fifth biggest economy by 2020 has emerged, along with Russia and China, as one of the most resilient property markets in the world according to the Royal Institute of Chartered Surveyors. The organisation puts the country’s rental and capital value expectations at high for the foreseeable future, and reports that demand by investors is stronger than it’s ever been. In fact the average asking price for rents nationwide climbed 2.5 percent over the last year, while Sao Paulo’s central business district saw increases of a whopping 22.6 percent.
Given upcoming international events such as the Olympics and the World Cup, as well as recent interest rates cuts by the Banco Central do Brasil, there has never been a better time to buy in the country. While increases in tourism mean that investors can now expect good returns. Hardly surprising then that real estate companies in Europe are looking to be a part of the action. Leading European property company Neinver recently announced that it is looking to expand its operations into the South American country, citing its considerable socioeconomic development and infrastructure possibilities as the main reasons behind the move.
No doubt you’ll want to be part of the action too, so make sure you head down to MIPIM 2012, held in Cannes, March 6-9 for all the info on Brazil’s latest commercial and non-commercial developments. If you’re after accommodation then look no further than EAS, your friendly local travel agents. We’ll find you the best hotels and rented apartments right in the heart of Cannes. Or if you prefer, why not try one of our luxury yachts – the choice is yours. Just click on this link to fill in our request form.