The Opportunity is Now for Investing in Brazilian Commercial Properties
Brazil currently holds the rank of being the 6th largest economy in the world. Projections suggest that they will move up one notch to the 5th largest economy by the start of 2013. An increasing percentage of the approximately 200 million people who live in this largest country in South America are experiencing a real step up in their lifestyle.
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Source/Photo Bjørn Christian Tørrissen http://bjornfree.com/galleries.html
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Brazil also has taken proactive steps to manage their energy needs. They are a leader in ethanol production and deep water drilling accounts for 73% of the country’s oil reserves….
A strong GDP growth rate along with a business-friendly environment has pushed the poverty level down and created a larger middle class. There is a labor force of slightly more than 100 million. Workers are employed in a variety of industries. Industries run the gamut from mining and manufacturing to telecommunications and tourism. The country is a leader in technology and is active in space research.
Future prospects of the Brazilian economy are very promising. This very large country, with vast natural resources has only recently been able to take full advantage of those resources.
The government wants to encourage economic development but they also want to protect the delicate ecosystem. Brazil is a leader in green technology. Already a popular world destination, the hotel and hospitality industry is moving beyond Rio de Janeiro and Sao Paulo to take advantage of future trends in travel.
Hotel management companies based in the United States, Europe and Asia have all expressed more than a passing interest in becoming actively involved in Brazil. The country was deemed to be the most attractive emerging market for investors because of its growing economy, expanding middle class and increased consumer spending. According to the Association of Foreign Investors in Real Estate (AFIRE), the organization that did the emerging market research, commercial property will be a smart way to invest in Brazil’s growing economy.
Upcoming major events will only increase the awareness and interest in Brazil. The 2014 World Cup will draw hundreds of thousands of fans to the area and they will all need accommodations. In 2016, Brazil will be the host of the summer Olympic Games where they will have a chance to put their best foot forward for the whole world to see.
Plans are already well under way to improve the roads and infrastructure around the different Olympic venues. The price of real estate is still rather inexpensive compared to some other prime locations in the more developed countries around the world. Things are happening fast in this diverse and rapidly growing South American country. Hotel chains, private owners and real estate developers should not wait too long. The price of having a presence in Brazil is sure to go up very soon.
More information about hospitality industry in Brazil:
Rio hotels cutting prices for June’s U.N. summit
Best Western Premier opens in Brazil
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Article written By Hotel Managers Group, leading hotel management company in the United States. Copyright ©2012.
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