Brazil's Winning Economic Stability is Fast Attracting Overseas Investors to the Property Market
The outstanding strength of the Brazilian economy, significantly low property prices and huge relative capital appreciation over recent years is driving Brazil to be one of the top emerging markets for property investment. This is supported by Obelisk International's recent launch of the Estrela do Atlantico project, in Natal, Brazil, where all available units were sold out within 48 hours.
Marbella, Spain (PRWEB) July 13, 2007 -- The Brazilian property market is fast becoming a popular investment destination for overseas investors due to the massive benefits of low property values and the fast strengthening Real, gaining nearly 10% so far in 2007, thanks to the county's increasing economic stability and investment inflows. This, combined with a significantly lower cost of living than many traditional property investment locations, allows for a more luxurious lifestyle and the still large areas of the country unexplored by foreigners, are drawing attention on property investors radar.
Despite the relatively low property values in Brazil, the growth of house prices over the last few years has been recording impressive performance with an average increase of 20% per annum, placing the country at the top of the property investment league table. Investors may look to Brazil for their next investment move particularly as early entry into the market takes advantage of the high level of capital growth that is expected over the coming years.
Foreign investment into Brazil has grown at an increasing pace hand-in-hand with the county's economic growth. Foreign direct investments reached $3.47 billion in April up from $2.78 billion the previous month. These strong inflows are reflected in Brazil's balance of payments with the current account surplus recording the highest ever figures in April of $1.82 billion an increase from $817 million in the previous month and exceeding average forecasts (of 21 economists in the Reuters poll) of $1.5 billion.
The Daily Mail Overseas Property supplement recently remarked that emerging markets in particular are presenting some excellent opportunities for investment, some of which are beginning to overtake more traditional established investment markets in terms of return on cash invested.
Brazil offers a fantastic lifestyle with a superb all-year round climate and the increasing number of charter flights from the UK will surely see demand for the purchase of second homes and the rental of holiday lodgings significantly increase. This is supported by Obelisk International's recent launch of the Estrela do Atlantico project, in Natal, Brazil, where all available units were sold out within 48 hours. Obelisk International is committed to a global search to present only the most lucrative quality investment opportunities to their clients.
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