Zell Says Brazil is Best
Property guru and billionaire, Sam Zell, continues to vouch for Brazil as one of the world’s hottest investment spots. Speaking at the Real Estate in Emerging Markets Forum held in New York last week, Zell even went as far as to state that “if you look at all the facts, I don’t think there is a better environment in all the world than Brazil.”
Zell, chairman of Equity International which has major investment interests in Brazil, has long been an advocate of Latin America’s largest country, claiming earlier this year that if he could, he’d “buy Brazil”. And looking at Brazil’s recent economic record, it is not difficult to see why.
Figures for Q3 GDP growth released on 9th December show that Brazil grew by an impressive 6.3%. This is even higher than Q1 and Q2 this year when growth registered 5.8% and 6% respectively. What makes these figures particularly remarkable is that they arrive at a time when many countries have seen yet further doom and gloom on the GDP growth front.
At a time when the global economic slowdown has left few countries untouched, Brazil is one of the few nations to be setting the standards for economic growth. The good news for Brazil is that this trend looks set to continue.
Not only is Brazil a major world provider of commodities such as iron ore and soya, but the recent discovery and development of Brazilian oil fields will eventually allow the country to become self-sufficient in oil as well as provide huge wealth. Many have dubbed Brazil’s President, “Sheikh Lula”, a title backed by the recent Chinese decision to lend the state-owned energy company, Petrobas, US$10 million to develop the massive oil fields off the coast of Rio de Janiero.
In the midst of the economic slowdown – and no visible sign of this changing significantly during 2009 – Brazil represents a refreshing change and offers exceptional investment opportunities. Property investors would do well to follow in Zell’s footsteps and “buy Brazil”.
For more information on overseas property investment and to find out about Obelisk's latest projects, contact Obelisk free on 0808 160 0670 (UK) or 1800 932 514 (IRE).
Email: info@obeliskinternational.com or visit our website: http://www.obeliskinternational.com./
For press enquires, please contact Obelisk’s marketing department on (+34) 952 820 319 or email press@obeliskinternational.com.
Zell, chairman of Equity International which has major investment interests in Brazil, has long been an advocate of Latin America’s largest country, claiming earlier this year that if he could, he’d “buy Brazil”. And looking at Brazil’s recent economic record, it is not difficult to see why.
Figures for Q3 GDP growth released on 9th December show that Brazil grew by an impressive 6.3%. This is even higher than Q1 and Q2 this year when growth registered 5.8% and 6% respectively. What makes these figures particularly remarkable is that they arrive at a time when many countries have seen yet further doom and gloom on the GDP growth front.
At a time when the global economic slowdown has left few countries untouched, Brazil is one of the few nations to be setting the standards for economic growth. The good news for Brazil is that this trend looks set to continue.
Not only is Brazil a major world provider of commodities such as iron ore and soya, but the recent discovery and development of Brazilian oil fields will eventually allow the country to become self-sufficient in oil as well as provide huge wealth. Many have dubbed Brazil’s President, “Sheikh Lula”, a title backed by the recent Chinese decision to lend the state-owned energy company, Petrobas, US$10 million to develop the massive oil fields off the coast of Rio de Janiero.
In the midst of the economic slowdown – and no visible sign of this changing significantly during 2009 – Brazil represents a refreshing change and offers exceptional investment opportunities. Property investors would do well to follow in Zell’s footsteps and “buy Brazil”.
For more information on overseas property investment and to find out about Obelisk's latest projects, contact Obelisk free on 0808 160 0670 (UK) or 1800 932 514 (IRE).
Email: info@obeliskinternational.com or visit our website: http://www.obeliskinternational.com./
For press enquires, please contact Obelisk’s marketing department on (+34) 952 820 319 or email press@obeliskinternational.com.
posted by Alison Kane at 12:13 pm
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