Categorized | Featured, International

Brazilian Housing Market Expected to Thrive for Years

Brazilian Housing Market Expected to Thrive for Years
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As its economy continues to show outstanding growth, the Brazilian real estate market is expected to post incredibly strong numbers over the next five years. Real estate analysts around the globe have identified Brazil’s housing and commercial property markets as being two of the strongest in the world.

As many investors begin to shy away from China due to the nation’s hefty restrictions on property sales, Brazil is becoming more and more attractive each day. Although the pending global economic crisis is indirectly affecting Brazil’s economy, the housing market has shown no signs of slowing down. More Brazilian citizens than ever before are looking to buy a home.

There have been a few external factors that have played a major role in the housing boost, and will likely continue doing so until 2017. The nation will be hosting the World Cup in 2014, which has thus led to the construction of housing, hotels, and new stadiums. In addition, Brazil will host the 2016 Summer Olympic Games, which is, of course, also serving as a major factor for increased demand and pricing.

Lastly, there have been a number of recent oil discoveries off the coast of Brazil, which have provided a significant boost to the long-term economy.

Ironically, homebuilders in Brazil have struggled this year. It is for that reason that Brazil should be considered one of the best places to invest in the next year or two, as prices and construction will soon increase at astronomical levels. The property market in Brazil is considered to be one of the safest and strongest investments at least until 2017 when the benefits of the World Cup and Olympic Games have subsided.

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About Nancy Raven

Nancy is the main writer for the International section of the website. Sometimes she also helps Drew out on the Finance/Mortgage section as well.

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