achieving Investment Grade in 2008, Brazil is widely predicted to be amongst the economic leaders of the future, along with Russia, India and China.
Manufacturing industries in Brazil are thriving and the latest oil and gas discoveries, combinedwith the fact that Brazil is already the leading producer of ethanol in the world, has firmly catapulted the country to energy self-sufficiency.
Interest rates are at an all-time low and inflation is stable. The private sector is thriving and investment is flooding in.
With this rapid pace of development in the Brazilian economy there is a growing national housing shortage. It is estimated that there is a current deficit of 8 million units, and Brazil's growing middle classes (expected to increase by 64% by 2015) are further pushing up demand.
Couple this with the increasing availability of mortgage products, which is opening up the market to millions of Brazilians who have previously been unable to get onto the property ladder and you have a remarkably strong onward sales market with the potential for great capital gain.
In addition to all of this Brazil has been selected to host the 2014 Football World Cup which will have a direct, positive impact on the country's and host cities' infrastructure, tax base, tourism stream and hospitality revenues. Brazil's GDP will not only experience substantial gains in 2014, but will also show gains in the following years, due to the pay off of public and private investment in facilities and infrastructure.
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