Brazilian real estate is a “standout investment” | 13 October 2011
Brazilian real estate has grown to become one of the standout investment opportunities in Latin America, according to a new report.
The CB Richard Ellis study, entitled ‘Outlook for Latin America’s Commercial Real Estate Markets’, has indicated that the majority of commercial property in Brazil is presenting healthy returns for its owners.
The report also reveals that the Brazilian market accounts for 75 per cent of commercial property transactions in Latin America this year, thanks to a 400 per cent growth in transaction volume.
It concluded by stating that 2011 “will go down as one of the best years in terms of industrial levels” across the country.
Gary Hardacre, who is the CEO of Brazilian property investment advisers Obelisk International, claimed that the future looks bright for the nation as well.
In a statement released to obeliskinternational.com, he said: “It shows how Brazilian real estate generally is expanding and offering excellent returns at all levels. Whether your investment is in social housing, office blocks or industrial units, Brazil provides the property investor with great potential for income growth.”
In reaction to the figures, an article on property-abroad.com claimed that the rise in demand for property has been fuelled by increased tourism throughout Brazil.
Around 4.4 million tourists landed in Brazil during the first half of the year, which represents an annual improvement of 18.8 per cent.
Written by Jo Elvin on behalf of Qube Global Software
While posted by Qube Global Software all views expressed are not necessarily those of the company. All facts are verified where possible directly by the author.
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