Economy Fuelling Real Estate Investments
5With a volatile situation, a falling currency, and high unemployment and crime rates, the economy in Brazil has seen better times. Whilst these factors spell bad news for Brazil, the struggling economy has produced investment opportunities for many looking to venture into the international real estate market.
As one of the five largest countries in the world, the real estate options in Brazil are numerous. This combined with the falling currency is creating a real estate market that is providing international investors with the most bang for their buck. The Brazilian Real is reaching an all-time low, which has provided a significant bump in the purchasing powers of foreign investors. In some cases, property buyers can see themselves spending half of what they would have only a few years back.
Belgian brothers Patrice Bailo de Spoelberch and Alexis Bailo de Spoelberch are amongst those profiting from Brazil’s dire situation. Investing in a large commercial premise in Brazil, the Spoelberch brothers identified the market opportunities in Brazil’s real estate.
With the market only set to get worse, investors are flooding in to take advantage of potentially lucrative investment opportunities.