Brazilian real estate market 'positive'
The real estate sector is expected to grow at a healthy pace for the foreseeable future, according to one expert.
Antonio Montes, professor at the Instituto de Empresa in Spain, believes that prices in the residential and commercial real estate markets are going to soar over the next few months.
Since 2001, the market has been on an upwards trajectory but it took government policies in 2005 to really give the market a shot in the arm.
"You have to take advantage of the investment opportunities now. There are a lot of international real estate funds that have their eye on Brazil," he told the Latin Business Chronicle.
"They are anticipating that Brazil will be granted investment grade status by risk assessment specialists. That is something that is very likely to happen within a few months."
Real estate loans in Brazil have quadrupled over the past three years, according to Brazilian Association of Real Estate and Savings Institutions.
In 2004, just under 53,800 real estate loans were made to Brazil but by 2007 that number had climbed to 195,900.
In an effort to reassure investors, Brazil's finance minister has said that the crisis in the international financial markets has not affected the country's economy.
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