Lost Password? Register

Property news by Property Wire

Sun
Jul 20th
2008
Home arrow News arrow South America arrow Brazil tipped to be major world economic power

Brazil tipped to be major world economic power

Print E-mail
Saturday, 03 May 2008
Brazil the next superpower
Brazil the next superpower

Sam Zell, chief executive of Chicago Tribune and chairman and president of Equity Group Investments LLC, believes Brazil ticks all the right boxes.

He said Brazil's large population of 180 million people, highly-trained work force, and array of crops and natural resources has made it largely self-sufficient.

'I'd buy Brazil,' Zell told the Milken Institute Global Conference. 'It has the chance 30 years from now of being a bigger economic power than China.'

Goldman Sachs is also tipping Brazil for big things although on a longer timescale than Zell. The investment bank believes Brazil is on course to be the 5th largest economy in the world by 2050.

Brazil has been attracting investors to its sunny shores in increasing numbers. All the big name property developers in Brazil are pushing resorts and projects in and around Natal on the back of the region's international promotion and the fact that it is to receive a major airport upgrade and become almost instantly more accessible as a result.

The high end market is already attracting interest from celebrities. In particular the Natal Ocean Club is carving out its own niche for decadent overseas property investment and is destined to be Natal's most sophisticated private beachfront resort

It has 300 metres of private beach, is adjacent to David Beckham's new soccer academy and within easy reach of two Championship standard golf courses, and predicted be northeastern Brazil's most coveted address.

Internationally renowned architect David Bastos has designed the club and fused indigenous wood with marble and granite to give a unique flavour to the resort.

There are maid's quarters and the marketing blurb says you'll find your favourite CD playing and your fridge full upon arrival, have a private house manager to attend to your every need and enjoy the services of a personal fisherman who will take to the Atlantic and pluck out fresh lobster, crab and oyster to satisfy your whims. Or you can charter the Natal Ocean Club yacht.


BOOKMARK THIS PAGE (What is this?)     Digg!Reddit!Del.icio.us!Google!Live!Facebook!StumbleUpon!Newsvine!Furl!Yahoo!

 
Related News
More Recent News
Earlier News
Muriu Beach, Natal

South America: Top Headline

Prospects good in Costa Rica as tourist numbers rise and new marina gets go aheadProspects good in Costa Rica as tourist numbers rise and new marina gets go ahead

Property investors interested in buy-to-let in Costa Rica should be encouraged by the latest tourist figures which show a healthy increase in the first half of this year.

Recent South American news

Feature story

Winners and losers in the global property market defined by growing oil prices

Soaring oil prices are affecting property investment across the globe to such an extent that countries that import energy supplies are likely to see even more of a downturn before markets bottom out.

Company news

Phuket tourism rising above global worries

Constantly rising oil prices have been taking their toll on the travel and tourism industry, especially with airlines raising prices or cutting flights and routes - or both. As a result, the Tourism Authority of Thailand (TAT) recently announced a downward revision of its predictions of tourist figures for 2009.

Forum Watch

Tough times need tough investors

It is difficult to escape the property headlines this week with all news outlets mentioning property. The frustrations of investing in property during a downturn are well documented in the forums this week.

Currency watch

Dollar gains ground over good data

The US dollar gained a lot of ground yesterday as good data was released in the US. There was a large selloff in Crude Oil futures as US crude inventories gained an unexpected 3.0M Barrels.

Newsletter

Subscribe to our weekly newsletter and stay updated on the property market trends.
Subscribe now >>

Subscribe to our South American property news feed (RSS)
Reach your target market - Advertise with us