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Kaplam!

June 25, 2009Article by Ray Withers

Brazil is booming again! I spend a considerable amount of time looking at the pulse of international real estate markets. I have to admit the past 18 months haven’t provided me with the most encouraging of news, but an article I came across this morning brings a smile to my face.

One of the largest emerging markets in the world and a long time champion of Property Frontiers has started to move forward again. Real estate sales have bounced dramatically with a 104-unit residential project in Sao Paulo selling out in 4 hours. This is phenomenally encouraging news, and one which I will follow with much curiosity! Brazil really is one of the best markets out there, the underlying fundamentals are very promising and I fully expect to see and hear a lot more positive news coming from this South American giant.

Don’t forget that this is a market where by only 2% of GDP is made up of personal mortgages, so Brazil has not had the debt inflated bubble that the West has endured and that ultimately led to the global credit crunch. This, coupled with a housing market with an 8 million strong deficit indicating absolute genuine demand and you understand, it is of little wonder why I am so bullish on Brazil.

To read more on this story please follow this link.

Christopher

Written by: Christopher Chadd

Author

Ray Withers

Ray has over 17 years’ experience in the international property market and bought his own first international property investment back in 2002. Aside from running Property Frontiers, Ray has been involved in residential, hotel, student and commercial property investment and development in both the UK and overseas and co-wrote "Where to Buy Property Abroad - An Investor's Guide". As Founder and Trustee of the Frontiers Foundation, Ray is directly involved with many of its projects to ensure they have a direct and tangible impact in individual communities across the globe. He is passionate about property, travelling, scouting out new opportunities and finding time to spend with his young family.
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