Brazilian property unaffected by election
 

Brazilian property unaffected by election

Monday, November 8, 2010. Catherine Deshayes @themovechannel

Property investors looking to buy real estate in Brazil are likely to be encouraged by news that the country's housing market will remain unaffected by the result of the recent presidential election...

Property investors looking to buy real estate in Brazil are likely to be encouraged by news that the country's housing market will remain unaffected by the result of the recent presidential election...

Indeed, in excess of 135 million Brazilians went to the polls to elect Dilma Rousseff as successor to Luiz Inacio Lula da Silva, who was constitutionally not allowed to stand for a third term.

Felipe Cavalcante, president of ADIT Brasil - the association for real estate and tourism development - confirmed that the market would continue to perform irrespective of the result.

"The Brazil real estate market scenario is quite positive. Irrespective of who wins ... Brazil's economic growth and stability will continue," he said.

"In relation to the Brazilian property market, the Minha Casa Minha Vida federal programme and the civil construction boom will carry on."



Meanwhile, according to specialist agent uv10.com, Brazil offers investors a platform for "excellent growth", but the strategy has to be right before buyers part with their money.

Source: www.propertyshowrooms.com


Author - Dan Johnson

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