Falling Brazilian property prices attract foreign investors
Foreign investors are becoming increasingly interested in the Brazilian property market after the weakening of the country’s currency has led to drops in real estate prices; assets are estimated to be up to 40% cheaper than a year ago. Asian investors are reported to be particularly keen on Brazilian investment after China’s economic slowdown has led to a decrease of investor confidence throughout Asia.
Investors may now be able to acquire assets in Brazil at 40 per cent cheaper than a year ago as the nation's economy slows. Photo: Xinhua