With Brazil’s economy expected to grow at an annualised rate of four percent or more next year, the local property market will become one of the most sought-after assets with prime land sites seen as a favoured investment choice, revealed Knight Knox International.
The trend is partly attributed to the influx of foreign direct investment into the country over the past 12 months.
“Land plots in Brazil are the perfect example of an investment opportunity that has a great potential for capital appreciation,” said Mike Sefton, Property Consultant at Knight Knox.
He added that Brazil offers a wealth of “great locations, amazing price points” and “planning permission”. Meanwhile, Knight Knox has launched three sites in the country that are expected to make valued investments.
Romesh Navaratnarajah, Senior Editor of PropertyGuru, wrote this story. To contact him about this or other stories email romesh@propertyguru.com.sg
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