News
Brazil could see Spanish style property boom
Tuesday 20 May 2008
Brazil could "definitely" experience a property boom to rival that seen in Spain, according to an independent advisor.
Resort Group International, a service that offers impartial advice on property overseas, believe that improved transport routes coupled with the country's natural beauty make it a popular investment prospect.
Lawrie Smith, accounts manager at Resort Group International, said: "A lot of Spanish building developers are now leaving Spain and developing in Brazil, as they see it as a great emerging market."
Mr Smith believes that Spanish investors are being drawn to South America as the two areas share similar natural features of "great beaches, a fantastic climate, and lovely people."
Potential investors considering purchasing property in South America have been warned to ensure they only deal with a reputable agent who has a proven track record of investment in that particular area.
According to Standard & Poor's Global Stock Market Review, published in April, Brazil experienced a 15.11 per cent gain in markets and a record 70.09 per cent gain over the past year.
Resort Group International, a service that offers impartial advice on property overseas, believe that improved transport routes coupled with the country's natural beauty make it a popular investment prospect.
Lawrie Smith, accounts manager at Resort Group International, said: "A lot of Spanish building developers are now leaving Spain and developing in Brazil, as they see it as a great emerging market."
Mr Smith believes that Spanish investors are being drawn to South America as the two areas share similar natural features of "great beaches, a fantastic climate, and lovely people."
Potential investors considering purchasing property in South America have been warned to ensure they only deal with a reputable agent who has a proven track record of investment in that particular area.
According to Standard & Poor's Global Stock Market Review, published in April, Brazil experienced a 15.11 per cent gain in markets and a record 70.09 per cent gain over the past year.
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