Since January 2003 a new president was elected in Brazil, President Lula. He was elected because of his connection to the people and the promise that he would grow the peoples wealth of Brazil. President Lula himself comes from a working class back ground. Since President Lula's election, Brazil has seen the lowest inflation levels ever, the country has received much positive international media coverage. President Lula has met senior officials from other countries including the USA and the IMF. Inflation settled at a low 16% during 2003. There have been many reports in international press more recently promoting Brazil as a place to visit, do business or live. Some financial houses are predicting that Brazil will have an all time low inflation level by the end of 2005 (as little as 7.5 to 8%). This performance has started a new wave of interest from international buyers to purchase real estate in Brazil, invest in businesses and stock markets.
Brazil is already leading in many service and manufacturing areas, it is the worlds...
1st largest producer of Coffee Beans
1st largest producer of Orange Juice
2nd largest producer of Mobile / Cell Phones
2nd largest producer of Executive Jets and Helicopters
2nd largest producer of Microwave Ovens
4th largest producer of Washing Machines
4th largest producer of Refrigerators
5th largest producer of Automobiles / Cars
5th largest producer of CD's
The exchange rate is an important factor in enabling Brazil to succeed in foreign markets. For the last 24 months the rate has been at a level to attract foreign investment. We have seen large organisations move to Brazil in the last few years from countries such as UK and USA who now produce their goods at a fraction of the price it cost in their own country.
The North East Coast of Brazil in particular is growing in all business sectors and in all directions offering the best conditions for those who wish to invest. Monies are been invested from Brazilian and US banks to help the area grow.
Source: www.propertybond.co.uk
Related Links: