The Feel good factor will benefit Brazil property owners
Brazilians are the most optimistic in the world when it comes to their country’s prospects of economic recovery, which will benefit property owners in the country, according to a finance president.
According to News agency ANBA, Salim Taufic Schahin, Arab Brazilian Chamber of Commerce president, speaking at a conference in Turkey said that there is good feeling in the country thanks to investment opportunities which are being presented following recent sporting hosting decisions including winning bids to host the football World Cup in 2014 and the Olympics in 2016.
The president said that the good perception of the country, which is set to boost Brazilian real estate owners as the country continues to pull through the recession, economic analysts have expanded their projections for the GDP of the country, rising from 4.2 per cent to 4.5 per cent. Earlier this estimate stood at just four per cent.
He commented: “Much investment should come and we will have an important flow of capitals and lines of credit opened.”
In what could be good news for Brazilian property investors, a survey undertaken by the WIN Network found that Brazilians had the most positive outlook for the next three months, believing their financial situations will improve in that time and the respondents from the South American country also trusted their government to steer the country through the recession, according to the Guardian.