Brazil Affordable Housing Articles

Brazil leads LA tourist bonanza

6/20/2008 11:04:00 AM
A new report has predicted a bright future for tourism in Latin America...
According to research by Vision/Totem, Latin American countries are gradually emerging as popular destinations for leisure travellers across the world.
Valere Tjolle, editor of the report, said: "The emergence of this region as a tourist hotspot is contributing to growth in the global tourism sector. We expect the number of international holidaymakers to go up to 1.1 billion within the next two years, and the growing popularity of Latin America is partly behind the expected increase.

"New markets are being opened up faster than old ones are slowing. Indeed, prospective rental investors could find Brazil a lucrative market in which to own a property. Investment bank Goldman Sachs has long tipped the Brazilian economy to become one of the strongest in the world and has even predicted it could have the fourth biggest gross domestic product by 2050.

Booming Brazil ‘will always expand’

6/12/2008
Brazil’s economy received yet another boost in the first quarter of 2008…
Brazil's economy grew at an annual rate of 5.8% in the first quarter of the year, boosted by a construction boom and high world food prices.

Latin America's largest economy is rich in resources and is benefiting from a commodity and farming boom. Growth has also been fuelled by consumer spending as Brazilians enjoy rising incomes and cheaper credit. But analysts believe Brazil may not be able to sustain its economic growth in the year ahead.
Official gross domestic product (GDP) data showed industrial firms fuelled growth, expanding 6.9% compared with the same period last year, while the services sector grew 5%. But analysts believe growth may slow towards the end of the year after the central bank raised rates last week to curb rising inflation.

Alfredo Coutino, senior economist for Latin America at Moody's, enthused: “No matter what happens to the U.S. economy, Brazil's economy will continue to expand. Domestic demand and a wise decision to increase public spending on infrastructure at the start of the year are making up for declining exports.''
Beat the blues in Brazil
6/9/2008
Investing in emerging markets is one way to beat current economic uncertainty, argues one expert...

According to Jonathan Garner of Morgan Stanley, UK property, the stock market and even traditional safe havens like gold have suffered since the beginning of credit crunch and many investors are searching for more profitable alternatives.
Mr Garner commented: “The best strategy could be to buy land and property in emerging economies. I have been recommending to my clients that they consider investing in growing markets such as Brazil for a number of reasons, the chief of which is the credit crunch has very limited relevance to many emerging markets. Not only are the banks in good shape, you've also got households that are not overextended”.

Many overseas investors already appear to have spotted the potential offered by the South American country's economy, as figures published by the Central Bank showed that foreign direct investment grew from $18.8 billion in 2006 to $34.6 billion last year.
In a recent interview, Pascal Lamy, the director-general of the World Trade Organisation highlighted the ‘growing economic power’ of emerging market countries such as Brazil, China, and India and praised their status as ‘crucial counter-weights’ to the slowdown in the rich countries.