Brazil Investment Riding High
With its strong economy, booming investment opportunities and solid demand drivers, Brazil continues to ride high. Not only is confidence high at home, Brazil is making waves abroad too.
Unlike most political leaders at the moment, Dilma Rousseff is enjoying big approval. A recent CNI-Ibope survey found that a massive 71% of the Brazilian population approve of their President. 51% of those surveyed said they considered her government to be good or very good.
More Foreign Investment in Brazil
This positive climate at home is contagious and opportunities for investment in Brazil continue to attract foreign attention. Latest in the long list of Brazilian investment in 2011 is the Saudi Arabian airline, Emirates. Emirates has just received permission to operate an Airbus route between Dubai and Sao Paulo, adding to business opportunities between Latin America’s largest economy and the Middle East.
When it comes to technology, Brazil also offers plenty of investment opportunities. Foxconn, a manufacturer of touch screens for tablets, is reportedly close to closing a deal for a factory in Brazil. According to the financial weekly Istoe Dinheiro, the factory would be the first of its kind in the Western world and the deal will run to US$12 billion investment in Brazil.
Real Estate Investment Favourite
Foreigners are also busy buying up Brazilian real estate with Sao Paulo a particular hot spot among investors looking for luxury properties. Real estate agents quoted by the Brazilian Mortgage Association (ABECIP) report a 35% rise in investment in property in Sao Paulo by foreigners this year. Sotheby’s International Realty is expecting to quadruple its business among foreigners this year and predicts its sales of Brazilian property will total R$400 million.
Americans appear to have the biggest interest in Brazilian real estate at its top end – around 50% of Sao Paulo property buyers are from the US – with the average purchase price between R$1 million and R$3 million. Foreigners are attracted to two aspects of the Brazilian property market – its price (luxury property in Brazil comes with a much smaller price tag than in Europe) and the potential returns, currently around 12% a year.
Like other foreign companies with investment in Brazil, Obelisk International has observed the confidence in the Brazilian market, both from Brazilians themselves and from new foreign investors. “Brazil really stands out at the moment as the place to be,” says Gary Hardacre, CEO of Obelisk International, “and this year’s big investment in real estate confirms our belief in the market.”
However, Obelisk International market research shows that the Sao Paulo property market may be in danger of over-heating and Mr Hardacre believes investors should look beyond the affluent south west of Brazil. “Other less-known areas of Brazil such as the north and north west also have big opportunities for real estate investment,” he says, pointing out that returns are often considerably higher.
Contact Obelisk International on 0034 952 820 319. Via email: info@obeliskinternational.com or visit our website: www.obeliskinternational.com.
Follow us on Twitter, Facebook and LinkedIn.
Unlike most political leaders at the moment, Dilma Rousseff is enjoying big approval. A recent CNI-Ibope survey found that a massive 71% of the Brazilian population approve of their President. 51% of those surveyed said they considered her government to be good or very good.
More Foreign Investment in Brazil
This positive climate at home is contagious and opportunities for investment in Brazil continue to attract foreign attention. Latest in the long list of Brazilian investment in 2011 is the Saudi Arabian airline, Emirates. Emirates has just received permission to operate an Airbus route between Dubai and Sao Paulo, adding to business opportunities between Latin America’s largest economy and the Middle East.
When it comes to technology, Brazil also offers plenty of investment opportunities. Foxconn, a manufacturer of touch screens for tablets, is reportedly close to closing a deal for a factory in Brazil. According to the financial weekly Istoe Dinheiro, the factory would be the first of its kind in the Western world and the deal will run to US$12 billion investment in Brazil.
Real Estate Investment Favourite
Foreigners are also busy buying up Brazilian real estate with Sao Paulo a particular hot spot among investors looking for luxury properties. Real estate agents quoted by the Brazilian Mortgage Association (ABECIP) report a 35% rise in investment in property in Sao Paulo by foreigners this year. Sotheby’s International Realty is expecting to quadruple its business among foreigners this year and predicts its sales of Brazilian property will total R$400 million.
Americans appear to have the biggest interest in Brazilian real estate at its top end – around 50% of Sao Paulo property buyers are from the US – with the average purchase price between R$1 million and R$3 million. Foreigners are attracted to two aspects of the Brazilian property market – its price (luxury property in Brazil comes with a much smaller price tag than in Europe) and the potential returns, currently around 12% a year.
Like other foreign companies with investment in Brazil, Obelisk International has observed the confidence in the Brazilian market, both from Brazilians themselves and from new foreign investors. “Brazil really stands out at the moment as the place to be,” says Gary Hardacre, CEO of Obelisk International, “and this year’s big investment in real estate confirms our belief in the market.”
However, Obelisk International market research shows that the Sao Paulo property market may be in danger of over-heating and Mr Hardacre believes investors should look beyond the affluent south west of Brazil. “Other less-known areas of Brazil such as the north and north west also have big opportunities for real estate investment,” he says, pointing out that returns are often considerably higher.
Contact Obelisk International on 0034 952 820 319. Via email: info@obeliskinternational.com or visit our website: www.obeliskinternational.com.
Follow us on Twitter, Facebook and LinkedIn.
Labels: Brazil property investment, Brazilian real estate, investing in Brazil, investment in Brazil, Minha Casa Minha Vida, minha casa minha vida investment, Obelisk International
posted by Alison Kane at 12:54 pm
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