Commercial Property in Brazil Outperform Global Markets
Sunday, June 21, 2009
Industrial commercial property in Brazil is one of the best performing in the world in 2008, according to a new report.
Research by the Royal Institution of Chartered Surveyors (Rics) found that 90 per cent of the countries surveyed reported that rents were falling, with only commercial property in Brazil, Saudi Arabia and parts of Africa not seeing a decline in yields. Brazilian market recorded the highest global rise in rents of 46 per cent and within the country; Rio de Janeiro recorded the highest rise in rents.
Mário Sérgio S. Gurgueira, research analyst at Cushman & Wakefield, Brazil comments; "Brazil performed well in the industrial and warehouses market because of an improving domestic economy over the year. This has seen consumer demand rise and has therefore resulted in more sales, more warehousing and more transportation. The outlook for the market and even when taking into account the present global crisis, we still expect the growth of the industrial market to continue in the medium term."
Samantha Gore, the sales manager at UV10 explained that favorable climate enables people to buy holiday home that they can enjoy a holiday in while leaving time to rent it out for the rest of the year.
She commented: "Brazil has got a long rental season because it is warm all year round and a long season you can rent it out for."
Commenting on the holiday rental market, Ms Gore noted that people do not tend to buy and sell properties quickly, as they tend to enjoy being in the country and see such investments as long-term prospects.
Social BookmarkingResearch by the Royal Institution of Chartered Surveyors (Rics) found that 90 per cent of the countries surveyed reported that rents were falling, with only commercial property in Brazil, Saudi Arabia and parts of Africa not seeing a decline in yields. Brazilian market recorded the highest global rise in rents of 46 per cent and within the country; Rio de Janeiro recorded the highest rise in rents.
Mário Sérgio S. Gurgueira, research analyst at Cushman & Wakefield, Brazil comments; "Brazil performed well in the industrial and warehouses market because of an improving domestic economy over the year. This has seen consumer demand rise and has therefore resulted in more sales, more warehousing and more transportation. The outlook for the market and even when taking into account the present global crisis, we still expect the growth of the industrial market to continue in the medium term."
Samantha Gore, the sales manager at UV10 explained that favorable climate enables people to buy holiday home that they can enjoy a holiday in while leaving time to rent it out for the rest of the year.
She commented: "Brazil has got a long rental season because it is warm all year round and a long season you can rent it out for."
Commenting on the holiday rental market, Ms Gore noted that people do not tend to buy and sell properties quickly, as they tend to enjoy being in the country and see such investments as long-term prospects.
Labels: Commerical-Property, Rentals
