Economic gains contribute to Brazilian property surge

mar bonnin palmer

Brazil is at the centre of what has been described by one international analyst as ‘an epic real estate boom’.

In addition to the obvious attractions such as sun, sand, sea and samba, the country is also attracting attention as a result of its bustling economy.

Gross Domestic Product (GDP) within the country is expanding at an annual rate of 5% as a result of an escalating energy sector and a diverse manufacturing base.

Liam Bailey, a Research Director at the property agency Knight Frank, stated that currently “US and Latin American investors predominate. But we expect the origin of investors diversify in the next five years particularly given Brazil is to be the host country for the 2014 soccer world cup and the 2016 Olympics, placing it firmly in the spotlight.”

The Olympic budget alone is said to be around $15 billion.

But Brazil isn’t the only country on a steady upward curve. South America as a whole is attracting praise for its gradual climb towards economic stability, pointing towards as bright future for the continent as a whole.

The argument for investing in Brazilian property is a compelling one and the steady economic growth is helping to underpin confidence in the county.

Now could be the ideal time to look into the logistics of a leap into the Brazilian property market.

Transfer Money to Brazil

If you are looking to invest in Brazil, think carefully about how you will be transferring money to Brazil. Foreign currency exchange rates quoted by banks are almost always worse than the exchange rates available through specialist currency dealers.

So if you are looking to send money overseas, to Brazil for example – be sure to compare the market before you buy your overseas currency.

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Economic gains contribute to Brazilian property surge

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