Useful Links on Brazil's Economy and Property Market
As part of Obelisk's due diligence, our market analysts and research team have compiled a selection of useful links, all independent sources with further information on our current investment recommendation – Brazil property investment.
Economy
A.T. Kearney's 2009 Global Retail Development Index
"Brazil will remain strong over the next couple of years, with reduced unemployment and increased consumption, (which) presents attractive opportunities for retailers as consumer spending is expected to remain stable."
FT - 6 July 2009
Dancing through the economic crisis
"If talk of green shoots makes sense anywhere in the world it is in Brazil, an emerging world leader in farming, mining, oil, even investment banking, and with a home market its rivals can only dream of."
Guardian - 3 July 2009
"Brazil was one of the last major economies to dip into recession and the signs are that it is going to be one of the first out of it."
NY Times - 24 June 2009
Emerging giants like China, India and Brazil are set to rebound strongly next year, the OECD predicted. “It’s good to have a locomotive out there pulling the train,” Ángel Gurría, the OECD secretary general said, referring to China, India and Brazil.
Economist - 11 June 2009
Brazil's recovering economy - Ready to roll again
"Many analysts believe that Brazil is now starting to grow again, and will return to annual growth of 3.5% to 4% next year. If so, that would mean that the country has escaped with only a brief recession."
IMF - 10 June 2009
Mr. Dominique Strauss-Kahn, Managing Director of the International Monetary Fund (IMF), issued the following statement today welcoming Brazil's intention to invest up to US$10 billion in notes to be issued by the IMF.
"Brazil once more reaffirms its strong role as a leading emerging market economy."
Property
Knight Frank - Knight Frank Wealth Report 2009
Top Ten Global Opportunities
"Although Brazil is a popular tourist destination, it remains in the emerging market category for second-home buyers. There are few developments of quality, though several are planned. Nonetheless, Brazil has considerable untapped potential and offers many attractive features."
Top 10 Locations for Overseas Property - 3
"The Brazil property market will see significant benefits."
Nick Barnes, Residential Research Partner, Knight Frank: "In the medium to longer term, Brazil has tremendous prospects. Unlike much of Eastern Europe, where there has been too much construction, Brazil is big enough to absorb new housing developments."
Wall Street Journal - 8 July 2009Investors in the Brazilian property market "are now well positioned to reap the benefits, with scores of young Brazilians looking to acquire their first homes and the government program promoting home ownership."