Foreign investment in Brazil hits record high
Brazil’s Central Bank says direct foreign investment in Brazil in the first nine months of 2011 has totalled $50.5 billion. That’s the highest since it started to measure investment in 1947. According to the bank, the total is 123 percent larger than investment in the same period in 2010, up from $22.6 billion to $48.4 billion. The bank has projected …
Read MoreGerman Truck Maker MAN to Invest Another $559 Million in Brazil
German truck maker MAN, controlled by multinational Volkswagen, plans to invest an additional 1 billion reais (some $559 million) in Brazil, the president of the company’s Latin American subsidiary said. “It’s the biggest (investment program) we’ve announced in our 30-year history. Between 1995 and 2011, we had three big investment cycles totaling 3 billion reais (some $1.7 billion),” Roberto Cortes …
Read MoreNewly wealthy Brazilians put out to sea
Foreign Boat makers move to take advantage of boom in yacht demand Marcio Christiansen reeled off tales of the growing ranks of rich Brazilians who visit his showroom for Ferretti luxury yachts, where clients sip espressos on an oversized sable sofa and electronic music bubbles in the air. One man paid $2 million for a vessel, Mr. Christiansen said, after …
Read MoreBrazil Housing Demand Set to Post Remarkable Growth
The housing demand in Brazil is projected to reach around 1.8 Million Units by the end of 2014, identified RNCOS in one of its latest research report. 09/07/2011 — The Brazilian housing industry has emerged as the most vibrant and dynamic section of the real-estate industry. With the entry of numerous real-estate developers, availability of finance options, and increasing demand …
Read MoreBrazil tourism boom boosts housing demand
Brazil’s tourism industry continues to grow this year, boosting the country’s already booming housing demand. Tourist arrivals in Brazil increased by 18.8 per cent in the first half of 2011, according to the World Tourism Organisation. As global international tourism grows by almost 5 per cent, Latin American countries have performed remarkably well, experiencing a 15 per cent increase in …
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