Brazilian commercial real estate ‘demonstrating resilience’

Posted by: Sharm Enterprise | Posted on: February 2nd, 2012 | 0 Comments

Brazil’s commercial property sector is one of the few in the world to record positive sentiment towards rental expectations and capital value growth during the first quarter of 2012.

According to the Royal Institution of Chartered Surveyors (Rics) Global Commercial Property Survey for the final three months of 2011, Brazil’s real estate market has shown resilience in the face of a largely negative picture elsewhere in the world.

Respondents in the country are predicting a rise in rental values, as well as capital growth, in the period from January to March this year.  Canada is the only nation where sentiment is more positive in these two respects.

Property professionals in Brazil also anticipate demand from occupiers will continue to outpace the supply of available premises over the next few months.

Writing for Global Property Guide earlier this month, developer Ruban Selvanayagam stated there are “massive” opportunities for investors in Brazilian real estate, although he urged potential buyers to approach the market with caution and to carry out extensive research to ensure the property they purchase will meet their expectations.

Article source: http://www.propertyshowrooms.com/brazil/property/news/brazilian-commercial-real-estate-demonstrating-resilience_311900.html

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