Brazilian real estate: Economy will keep growing

 A Nobel Prize-winning economist has told investors in Brazilian real estate that the Latin American country's economy is poised for increasing growth and development.

David Wessel, blogging for the Wall Street Journal, reported that Michael Spence said Brazil had learned the lessons of the 1997-98 financial turmoil and strengthened its defences against the most recent global recession.

He added that the country's economic managers displayed "a high degree of competence" and the central bank had reacted speedily to shore up financial structures.

Mr Spence said: "Is this sustainable? Will [Brazil] keep growing? I think the answer is a qualified 'yes'. There is no reason to believe that [it] will stop."

Last week, Mark McHugh told Global Property Guide readers that the economy in the north-east region is particularly strong and offers a sound investment for those looking for Brazilian real estate.

EMP Advisors