Brics building for stronger future

Brazil, India and China are set for tremendous long term growth, claims one company…

Three of the so-called BRIC economies featured heavily in Knight Frank’s recently published Prime International Residential Index (PIRI.)

In the report, Liam Bailey of Knight Frank commented: “Despite a weaker outlook for this year and next, we believe prime markets will remain worthy of attention over the long term.

"The emerging market sector should be on every investor’s radar – the likes of Brazil, China and India are seeing tremendous GDP growth and wealth creation. The recent strong capital price growth seen in these countries is due largely to a lack of supply of quality product in many cities.”

“The growing global mass-affluent population is worth serious consideration when formulating investment options. The expanding middle class in emerging economies in locations such as Guangzhou in China and Mumbai requires good quality, affordable accommodation, which is currently in short supply”.