The outlook for the future of real estate in Brazil is still strong, according to investors and experts in Latin American business. Recent news reports indicate that major companies are looking to invest in the Brazilian real estate market. The Latin Business Chronicle also spoke with a number of experts for several articles on real estate in the fourth largest country in the world, most of whom have favorable views of the market.
Brian Carr, of Morgan Stanley Real Estate Investing, looks at the potential in the market: “We view the outlook for the real estate sector in Brazil very positive as the key ingredients for success are present in the market.” In particular, he noted, the residential real estate market is favorable.
Other executives and experts think that the market is solid as well. Advent International’s Patrice Etlin, who is the head of investments for Brazil, says that the long term growth prospects are good: “Due to factors like macroeconomic stability, GDP growth and mainly the increase in real estate credit, we expect strong and solid growth for the next years.”
While these executives and their companies tend to deal with Brazil and international real estate investments from a very broad level, their outlook for the market bodes well for individual property investors. With the proper research and due diligence, those who invest in property, particularly in the major cities and the tourist destinations of the northeast, should have confidence in the overall strength of the market for the foreseeable future.
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