Brazil ‘one to watch'

Brazilian property investors may be interested to know that an expert has predicted that the country's property market will be one to watch in 2009...

Kevin Brass, writing for the International Herald Tribune's properties blog Raising the Roof, says "big money from around the world continues to flow into the country" which will assist the real estate market.

He insists that Brazil is "still the place to buy a large piece of pristine land."

Mr Brass adds that developers say people are looking to invest in overseas property as an alternative to storing their money in banks and stocks.

The news comes as a recent survey revealed that investors see Brazil as the second best opportunity for investment when it comes to capital appreciation.

A poll of The Association of Foreign Investors in Real Estate's 200 members by the James A Graaskamp Centre for Real Estate at the University of Wisconsin was ranked behind the US, which gained a just over a third of the vote.

 Source: www.uv10.com