High employment boosts brazil

Plummeting unemployment rates in Brazil could attract a siege of foreign property investors, one expert has suggested...

Data from the Brazilian government has revealed that unemployment fell by more than 29 per cent between 2003 and 2008, leaving less than eight per cent of the population out of work.

Because of this, it has been claimed, demand for housing in the South American nation is set to soar - making Brazil the ideal location for foreign buy-to-let investors.

Great promise

James Gonzalez, market analyst at Obelisk Investment Property, said: "In the current economic climate, these statistics from Brazil are excellent.

"They also show that Brazil represents great promise for the immediate future at time when many established economies are set for some very hard times."

He added that foreign property buyers would also benefit from Brazil's "acute housing shortage".

Source: www.Axiafx.com