Brazil Property Investment News

Experts tip Brazil's property market for a bright future

The outlook for Brazil’s property market is positive, according to a recent survey of ten industry experts. The survey, conducted by the ‘Latin Business Chronicle’, asked the experts for their opinion on the country’s real estate market, in light of its growing popularity with overseas investors in property.

The Chronicle’s survey shows that the positive outlook for Brazilian property is shared among domestic and overseas investors and brokers. The co-head of Morgan Stanley Real Estate Investing - Americas, Brian Carr, elaborates on the reasons behind this positivity, particularly regarding the market for residential property: “the key ingredients for success are present in the market … The outlook for development in real estate assets, mainly residential, is very positive given the latent demand for housing in the country and improvement in affordability for buyers who previously were not able to acquire their own homes”.

The private equity firm, Advent International, were equally confident in their overview, attributing their interest in the sector to the growth in Brazil’s GDP, its macroeconomic stability, and the growth in real estate credit.

This news comes as the US company Equity International, chaired by well-known real estate entrepreneur Sam Zell, announced that it is investing into Gafisa, BR Malls, and BRACOR - three major property companies in Brazil. Equity International’s CEO, Gary Garrabrant, confirmed that the company was “extremely bullish” about real estate opportunities in Brazil.

Brazil’s efforts to boost its tourist industry has raised its profile overseas, and this has much to do with its rising popularity among investors. The sheer size of the country (the world’s fifth largest in terms of population and area), the growth of its tourism industry, and reported capital growth of up to 20% a year have put the country firmly in the spotlight for real estate investors.