Brazil Property and Real Estate News

Brazilian economy to grow faster than expected, report says

uv10 Brazil Property & Real Estate — Thu, 09 Jul 2009 16:36:34

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The Brazilian economy is set for greater growth than originally forecasted as the local currency strengthens, according to a report.

Major Latin American bank Itau Unibanco Holding predicted that the country's financial system will expand by four per cent, according to Bloomberg.

The forecast suggests that the South American nation will recover ..........

Brazilian property market 'set for upsurge'

uv10 Brazil Property & Real Estate — Thu, 09 Jul 2009 16:34:47

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The Brazilian property market is set for an upsurge as the country's economy is recovering and population demographics are favourable, one commentator writes.

Joan Magee, writing for Dow Jones Newswires, says that "scores" of young people in the country are looking to snap up their first home.

She says the fact that ..........

Lula: Brazil has earned its place alongside rich nations in crisis

uv10 Brazil Property & Real Estate — Thu, 09 Jul 2009 16:15:56

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Brazil has earned a position alongside the richest countries in the world due to the economic crisis, according to the country's leader.

President Luiz Inacio Lula da Silva said that because of the complexity of the current financial downturn, big decisions cannot be made without taking the so-called Bric countries - ..........

US and Brazil airlines sign deal to boost service flexibility

uv10 Brazil Property & Real Estate — Wed, 08 Jul 2009 17:22:58

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American Airlines and GOL Airlines have signed a deal to increase the convenience for people travelling to stay in property in Brazil.

The carriers have entered into a frequent flyer agreement which allows passengers to redeem more air miles.

American and GOL also intend to sign a codeshare deal in the near ..........

Sir Chris Hoy's Brazilian property a 'golden' opportunity

uv10 Brazil Property & Real Estate — Tue, 07 Jul 2009 14:20:54

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Olympic gold-medallist Chris Hoy has revealed that he has bought a property in Brazil for both vacations and as a training base.

The cyclist, who was recently knighted, told the Telegraph that he intends to head out to the South American country soon to check on the progress of the off-plan ..........

GM 'driving Brazilian economy'

uv10 Brazil Property & Real Estate — Mon, 06 Jul 2009 14:14:03

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Brazil's economy is being driven by the success of US car manufacturer General Motors (GM) in its efforts to deliver more environmentally-friendly transport, it has been claimed.

Brazzil Magazine has suggested that the growing development of eco-friendly cars in the country through biofuel has turned GM into a "thriving powerhouse operation" ..........

Brazil 'heading out of recession'

uv10 Brazil Property & Real Estate — Mon, 06 Jul 2009 14:13:05

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In good news for people with Brazilian property, the country looks to be pulling itself out of recession, according to the latest figures.

Reports have stated that the country enjoyed expansion in its industrial sector for the fifth consecutive month and many experts now believe the Brazilian economy is exiting from ..........

Global recession 'opportunity for Brazil property'

uv10 Brazil Property & Real Estate — Mon, 06 Jul 2009 14:12:15

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The global economic downturn is a potential opportunity for the Brazilian economy and could help Brazil real estate to grow over the months ahead, it has been claimed.

James Dowey, an economist at Neptune Investment Management, has suggested that emerging economies such as Brazil have been the "main beneficiaries" of the ..........

Brazil car sales hit record level in June, up by 21.5%

uv10 Brazil Property & Real Estate — Fri, 03 Jul 2009 15:20:11

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Brazilian car sales soared by 21.5 per cent between May and June, hitting a record level of 300,174 units, according to the latest figures.

The National Automotive Dealership Association, Fenabrave, reported that the economic recovery and generous government tax breaks have fuelled consumer demand.

Sales of new vehicles were also up by ..........

Brazil real estate incentive scheme has locals queuing up to buy

uv10 Brazil Property & Real Estate — Thu, 02 Jul 2009 16:44:34

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Locals are queuing up to invest in property for sale in Brazil on the back of the government's housing plan, according to a source.

Through the incentive scheme Minha Casa, Minha Vida (My Home, My Life), people from poorer backgrounds in the country are provided with financial help to purchase their ..........