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Overseas Property News
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Rate cut may lower Brazilian borrowing costs
Country: Brazil
6 May 2009 The Brazilian Central Bank has announced an interest rate cut of 1%, the third straight decrease in as many months. The policymaker’s decision to reduce the rate from 11.25% to a record low of 10.25%, in an attempt to boost the economy, should see the cost of borrowing money to fund a Brazil property purchase fall. "Evaluating the macroeconomic scenario and looking to expand the process of monetary easing, the Copom decided unanimously to cut the Selic rate to 10.25 percent, without bias," a statement from the committee said. Meanwhile, Brazilian president Luiz Inacio Lula da Silva has predicted that the country will emerge from the international financial crisis in an "extraordinary manner", according to Xinhua news service. President da Silva said good results registered in the main economic indicators show that Brazil will soon emerge from the global downturn. "I think the Brazilian people have no reason to be afraid. Considering Brazil's figures, I think the worst has already gone by," da Silva added.
See Also: Brazil
Some properties in Brazil
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Price: £19,860
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Type: Apartment
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Bedrooms: 1
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"Much of the market is untapped, and it's starting to explode. Within the next five to seven years the prices will be through the roof"
Welcome to the world's largest and most exciting emerging market.
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View details | Enquire further
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Price: £23,000
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Type: New Home
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Bedrooms: 23000
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20% Fixed Return in 12 months or less.
* Full UK Escrow account to protect the clients investment
* Waiting list of 25,000 buyers in place
* Government backed scheme, MCMV
* Just £23,000 to invest
* First Phase units, 90% complete
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Price: £32,268
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Type: Apartment
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The Spring of 2010 will see a World Class Resort launched in the worlds largest and most exciting emerging market, Brazil.
We would like to introduce the ambitious, and long awaited, Pipa Natureza.
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View details | Enquire further
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Price: £32,268
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Type: Apartment
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The Spring of 2010 will see a World Class Resort launched in the worlds largest and most exciting emerging market, Brazil.
We would like to introduce the ambitious, and long awaited, Pipa Natureza.
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View details | Enquire further
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Price: £32,590
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Type: Apartment
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Bedrooms: 1
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The Spring of 2010 will see a World Class Resort launched in the world's largest and most exciting emerging market Brazil.
We would like to introduce the ambitious, and long awaited, Pipa Natureza.
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View details | Enquire further
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Price: £38,000
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Type: Apartment
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Bedrooms: 3
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Minha Vida, Minha Casa (My Home, My Life) is the largest housing program the world has ever seen with the Brazilian government committing over R$ 34 billion to build more than 1 million homes. The waiting list already exceeds 1,300,000.
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View details | Enquire further
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Price: £39,440
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Type: New Home
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"There is no argument - emerging markets win hands down." Emerging markets such as Brazil are "the future and where the future growth in profits and earnings will come from." [Property guru and billionaire, Sam Zell]220
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View details | Enquire further
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Price: £39,440
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Type: Apartment
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Bedrooms: 1
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The spring of 2010 will see a World Class Resort launched on the open market.
A place where you can breathe the planet's cleanest air, swim with wild dolphins and stroll along world famous beaches.
Invest with just 2% paid amonth.
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Price: £39,440
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Type: House
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Bedrooms: 1
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"One local expert projects Brazilian property prices
could appreciate by up to 200% over the next decade"
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View details | Enquire further
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