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Brazil’s Economic Boom

May 14, 2008Article by Ray Withers

Brazil is really booming like a very loud booming thing at the moment. It’s quite exciting to watch especially if you’re inclined to consider a tasty bit of overseas property investment.

Brazil’s economy is among Latin America’s strongest, but success comes at a cost. Rights groups estimate that more than 25,000 Brazilians work in brutal conditions in industries such as mining and farming.

“I helped make my career by being very disciplined about opening offices,” he says. Yet in nine months Blankfein has announced or opened offices in São Paulo, Moscow, Tel Aviv, Mumbai, Qatar, and now Dubai. “We’ve never done anything close to that before,” he marvels. “The week before Dubai, I was in Turkey, and before that, Russia and China. I’m really living the BRICs-plus-Middle East kind of life.”


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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