Brazil enjoys upgrade to Investment-Grade
Palma beach, Brazil
Praia de Tabatinga, Paraíba, Brazil
Property development and investment specialists, Green Land Securities, recently reported exciting news in their corporate newsletter in the form of an upgrade to Brazil's investment-grade. Here is the company's insight into what this will mean for Brazil…
"Countries are issued an investment rating based on their financial strength, future prospects and past history, " explains Mr. Stephen Naish, the managing director of Green Land Securities.
"Investment-grade refers to the quality of a country's credit. In order to be considered as investment-grade, the country must be rated at 'BBB' or higher by international ratings agencies, Standard and Poor's, Moody's Investors Service or Fitch Ratings. The exciting news for Brazil is that Standard and Poor's upgraded the country's long-term foreign currency rating to triple-B (BBB) on 30 April 2008, lifting the country into investment-grade for the first time in history. "
According to Green Land Securities' company newsletter, Standard and Poor's said the upgrade reflects "the maturation of Brazil's institutions and policy framework, as evidenced by the easing of fiscal and external debt burdens and improved trend growth prospects. " It also recognises the government's "track record of pragmatic fiscal and debt management policies. "
"This move further fuels this rapidly growing economy which certainly seems to be weathering the global slow-down very well, " says Mr. Naish.
"It's worth pointing out that Mexico was upgraded to investment-grade in 2000 and today enjoys a booming economy which has doubled in size. Real estate prices have experienced sustained growth since the upgrade and property buyers who invested back in 2000 have seen huge returns. It's clear to see that Brazil will also greatly benefit from it's improved debt rating. The country is now a safer place for buyers to invest their money and has been given the international financial seal of approval. "
Green Land Securities are offering investors the chance to buy into the Brazilian property market from just €12,000, by investing in the company's Palma do Mar development located in the hills of Carapibus, overlooking some of Brazil's most beautiful beaches.
Several plots are still available; the company has also launched a villa package - offering a three-bedroom villa on its own plot with private swimming pool, from just €83,500 (£65,600), including a full design and build service.
The land plots already have planning consent for the construction of luxury detached villas, and Green Land Securities are offering the villa package as an ideal stress-free solution to constructing a villa at Palma do Mar.
Taking advantage of the villa package will not only further capitalise on the investment of the land, but will also provide a luxury property to be enjoyed either as a holiday home or as a buy-to-let property which can be rented out to generate excellent rental yields.
"We want to give buyers the chance to invest in one of the world's hottest emerging property markets, " explains Mr. Naish.
"Brazil is a growing international force; the stock market is soaring, with the Sao Paulo stock exchange index - the BOVESPA, reaching an all-time high. In addition to this, Brazil has a large domestic market, a young workforce, which is becoming increasingly entrepreneurial, and an economy which is very much open to foreign direct investment. Taking all of this into account, Brazil's overall economic outlook remains positive and the long-term prospects are bright. By 2017 Brazil should be firmly cemented as an 'emerged' market. "
Green Land Securities is a property development and investment company specialising in coastal resort schemes in Brazil. The business currently has developments and land investment projects throughout North East Brazil in the areas of Fortaleza, Paraĺba, Canoa Quebrada and Uruau.
Click here to read more/enquire about the Palma do Mar project.
Click here to read more about/contact Green Land Securities
Browse the company's entire range of properties for sale in Brazil.
© PropertyIndex.com 2008 | Last Updated: 10 June 2008