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Brazil Turns up the Heat on Real Estate After Latest AFIRE Survey

Author: Tom Ocean

According to the latest survey produced by the Association of Foreign Investors in Real Estate, AFIRE, Real Estate investing in Brazil ranks second in the world for capital appreciation. Trailing the US, Brazil has entered the AFIRE top 10 capital appreciation investment places for the first time.

AFIRE, was created in 1988, and has established itself as the official voice of the international real estate industry in the US. Widely recognized for its annual foreign investment survey, AFIRE has for the first time conducted a mid-year survey among its members. This unusual step was considered necessary because of the economic crisis in the world. AFIRE was keen to monitor any changes in foreign investor sentiments.

The survey exposed some interesting findings, specifically when it comes to the real estate market in Brazil. While the Q4 2008 survey found that China was close on the heels of the US in the capital appreciation rankings, but the latest survey noted that China has dropped sharply in the top ten and its coveted second place has been taken by Brazil.

Given the very short history of foreign investment in Brazil property, it's really not unusual that Brazil has not featured earlier in the AFIRE top ten destinations for capital appreciation. However, foreign investors have been quick to recognize the excellent potential created by this huge South American country. Brazil boasts several prime areas for foreign direct investment including the northeastern region of Brazil. In this region, high-end real estate is priced at a fraction of what you would expect to pay in an equivalent resort in Europe.

To date, no official statistics are in print about the Brazilian real estate market. However, intelligent real estate investors who entered the market early on have already experienced excellent capital appreciation and judging by the views expressed in the AFIRE survey, Brazil is going to remain a hot property for a while.

Brazil's real estate capital appreciation prospects are a refreshing change to many countries. As those with overseas property investment portfolios are only too aware that real estate investment overseas has plummeted over the last 18 months.

At a time when most developed nations are struggling with recession and financial crises, Brazil has moved in tandem with two of the other BRIC nations, China and India, to lead the world out of the current recession. Brazil has a stable financial sector, a booming stock market and a middle class that is growing. Brazil is well poised to become a major world power. Small wonder that AFIRE investors rank Brazil second for capital appreciation when it comes to foreign direct investment.

Mr. Ocean is a freelance writer for Escape Artist focusing mainly in living, investing and retiring in South America. He offers his readers a comprehensive blog for Brazil that answers several of the legal questions without the sales pitch of all the other websites. He and his family are expatriates living amongst the liberated people of the world. Mr. Ocean escaped from America amidst the many of Americans who now see the trends toward social and economic repression in North America.
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