A survey of 60 international investors (including private equity fund managers, investment bankers and real estate developers) released this week by Ernst & Young has found that Brazil will continue to be one of the most popular destinations in the world for residential property investment in 2011, and in fact will see the level of investment increase even further.
“Two-thirds of real estate investors with funds committed to emerging markets in Latin America have earmarked investment dollars for Brazil over the next 12 to 24 months,” says Rogerio Basso, the Latin American hospitality practice leader at Ernst & Young.
“That’s a pretty substantial statement for a country that less than a decade ago was considered high risk due to an unstable economy, hyperinflation, mounting debt and a volatile currency,” he added.
