'Brazil is the land of the future, and always will be' is a common Brazilian phrase and now an increasingly accurate one. The fifth largest country in the world in terms of land mass and population Brazil has always had an abundance of natural resources and vast amounts of potential. However, increased growth and fiscal stability have seen
a marked improvement within the economy in recent years, drastically lower interest rates and an increased amount of direct foreign investment. Tourism has grown by 270% in the last 8 years and understandably these conditions have attracted interest in the countries real estate market, especially on the tropical north eastern coastline which has
already seem huge amounts of investment.
In a 2003 study Goldman Sachs grouped
Brazil together with Russia, India and
China as the 'BRIC' economies, whose size
and pace of growth made then capable of
outstripping the current economic powers
by 2050. Since then Brazil has
demonstrated this capacity with businesses
raising a record 70 billion real through
debentures (long term debt instruments) in
2006, 60% more than in 2005 and five
times the level in 2002. (source: The
economist) In addition the stock market set
a 20-year record for the number of new
listings and interest rates have fallen
21.25%, bringing inflation well under
control.
