Brazil Rated 2nd Most Attractive International Property Destination for 2012
A survey of members of the Association of Foreign Investors in Real Estate (AFIRE) has placed the Brazilian real estate market in second place in terms of attractiveness in 2012 – above China and all countries within Europe. São Paulo was also indicated as the fourth most attractive metropolitan region (after New York, London and Washington) – moving up from 26th position in 2011.
The investors surveyed are stated to have a collective global portfolio value of US$ 874 billion. Pointing to factors such as the impending sporting events, improving legal guarantees and strong economic performance, CEO of AFIRE James Fetgatter commented: “Brazil has now become considered as a more secure region to invest in property, whilst also being able to achieve a solid appreciation of capital.”
The research showed that low property prices were seen as a major factor that looks set to keep 42 percent of those surveyed searching for opportunities in the USA. 18.6 percent of AFIRE members believe that Brazil is offering the best global prospects in 2012 – a growth of 14.2 percent on the year.
