Bric investment ‘set to surge'

Foreign property investment in China and Russia could surge as a result of a new energy agreement...

 The economic giants - which form part of the BRIC nations, along with India and Brazil - recently signed an agreement to exchange Russian gas supplies for $25 billion (£17.2 billion) in loans.

According to one expert, the deal represents another step in the growing foreign investment appeal of the nations.

A market analyst at the property group, Obelisk, James Gonzalez, said: "This latest massive deal between Russia and China confirms the economic potential of the BRIC nations.

"The opportunities for growth together with the natural resources in these countries - Brazil also has huge oilfields, as yet unexploited - mean a lot of investment will be focused here this year."

Source: www.axiafx.com