The fifth-largest country in the world, Brazil
borders every country in South America except for Ecuador and Chile
and straddles four time zones. Thirty-five times the size of the
United Kingdom, it boasts a huge variety of landscapes, from the
dense jungle of the Amazon rainforest, to the beautiful white
beaches of the 7,250-kilometre coastline, to the mountains, valleys
and waterfalls of its interior. Such diversity, along with the
climate, the rich cultural life and the hospitality and passion of
the Brazilian people, has made Brazil one of the biggest tourist
destinations in the world, with something for everyone.
Historically, Brazil’s economic fortunes have
been mixed. However, it is now keen to assure the world that it is
a country on the way up. In 2002, whilst America was focusing on
security and a potential war against Iraq, Brazil became part of
the BRIC alliance, signing a trade and cooperation agreement with
Russia, India and China and securing an agreement to supply these
countries with raw materials and natural resources. Since then, its
annual GDP growth has enjoyed healthy increases particularly in
2007 when it increased by 5.4%, the fastest rate since 2004.
Since 2003, President Lula’s administration
has steadied exchange rates and aided social stability and
confidence meaning Brazil now ranks as the 8th largest economy on
the planet – jumping a huge 5 places from 2007’s ranking. What is
more, Goldman Sachs has predicted that it will become the fifth
largest economy by 2050, making it one of the most compelling
equity investment cases among the world’s large
countries.
Still in this Chapter
Is this is good place to Buy?
Which type of Property should you go for?
Hotspots
The Purchase Process
Mortgages
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