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R>Overseas investment in property in Brazil has hit an all time high and, as the fifth largest country in the world, prime land plots are increasingly regarded as a good investment for any portfolio, it is claimed.
In the build up to the 2014 FIFA World Cup and the 2016 Olympic Games, the Brazilian government is predicting that the economy will grow at an annualised rate of 4% or above for 2013.
There has also been an increased amount of Foreign Direct Investment (FDI) pouring into the country over the past 12 months. A recent report by Ernst & Young Terco estimates that FDI into Brazilian real estate can be counted at between R$5 billion and R$10 billion in 2012 so far, perhaps fuelled by the much publicised Accelerated Growth Program (Programa de Acelera
This article is copyrighted by Property Wire - Premier global property news service
