is Brazil the final market to profit from?

Property opportunities - Is Brazil the final market to profit from?
3/30/2009 12:34:00 PM

With a population of 180 million, Brazil's domestic market is huge and its wealth is rocketing as it remains largely unaffected by the credit crunch, making it a property investment hotspot...
One of the BRIC economies (Brazil-Russia-India-China) - which Goldman Sachs says will become superpowers - Brazil currently has the tenth biggest economy in the world ahead.
As well as boasting excellent natural resources, making it one of the most self-sufficient countries in world, Brazil is also the only region on the planet that is free of earthquakes, twisters, tsunamis, ethnic conflicts or terrorism.
It also has a temperate year-round climate of around 27 degrees with many days of sunshine and is a hugely popular holiday spot.
The country is extremely popular with foreign buyers due to its political and economic stability, and freedom to return profits and return of capital to the investor's native country. The Bank of Brazil has been voted one of the best for investment.
The British Embassy predict that there will be over 50,000 UK residents buying property in Brazil by 2011 and investors can also expect to see high levels of capital growth.
Nick Cates, Global Business Development Manager at BRIC Group, says, "Foreign investment in Brazil is quickly gaining momentum.
"The area of Fortaleza is already one of the biggest domestic tourist destinations in Brazil and, with news that it may well be a host city when the World Cup comes to the country in 2014, interest looks set to sky-rocket.
"Millions of pounds are already being spent on infrastructure projects all across the country and, with direct access flights from the USA opening up, along with the domestic mortgage market, all the signs point towards Brazil being a fantastic location in which to invest.
"There is currently a lot of interest from Arab property investors due to an increasing number of direct flights between Abu Dhabi and São Paulo and the growing availability of funds generated by crude oil in the Arab world.
"Condo prices are up by more than 20 per cent since last April and continue to rise and the short-term rental market is running at close to 100 per cent occupancy for the next three months.
"Brazil's policy of seeking stability over rapid, unsustainable growth is helping it to better weather the credit crunch.
"Indeed, while the economies of most of the western nations have shrunk in the past year, Brazil's economy is expected to grow by 2.1 per cent, according to the United Nations Economic Commission for Latin America and the Caribbean," added Mr Cates.

full article: http://brazil.themovechannel.com/news/0ad04d80-168a/