Sales and Rental Prices of Brazilian Commercial Real Estate Have Declined in the past 12 Months
From April 2018 to March this year, the average sale price of real estate fell by 3.49 per cent. New rents were down 1.56 per cent. Sales and rental prices of commercial real estate fell over 12 months in the ten cities surveyed by FipeZap. From April 2018 to March this year, the average selling price of real estate fell 3.49 percent. New rents were down 1.56 percent. Inflation (IPCA) was 4.58 percent in the same period. Sale prices also fell in March. The decline was 0.2 percent in the month, over ten municipalities:…
Mubadala Development to invest $2billion in Brazilian group
Abu Dhabi-based Mubadala Development will invest $2 billion in the Brazilian business group EBX founded by Eike Batista as part of a strategic partnership. Under the terms of the agreement Mubadala will make the investment in exchange for a 5.63 per cent preferred equity interest in Centennial Asset Brazilian Equity Fund and other offshore holding companies of Batista. The proceeds of Mubadala’s investment will be used to reinforce the group’s already strong capital structure so as to help fund new enterprises…
Brazil aims to reduce business taxes
Brazilian President Dilma Rousseff has pledged to reduce business taxes on local businesses to help them invest and compete in a world awash with cheap money that is hurting Brazil’s economy, Veja magazine reported on Saturday. Speaking after a meeting with industry leaders, Ms Rousseff told the weekly magazine in an interview on Thursday that the way out of Brazil’s struggle with inflation and slow growth was lower taxes to spur private investment. “Today … I met with some of the most important…
Brazil prospers from global interest
Brazil outpaced Britain as the world’s sixth largest economy last year, partly owing to a rise in foreign direct investment, particularly in services and especially by America and Spain. The growing importance of Brazil can be reflected by how far the country has advanced in attracting foreign direct investment (FDI). According to the latest World Investment Report, issued by the United Nations Conference on Trade and Development (UNCTAD, August 2011), FDI inflows to Latin America’s largest economy in 2010…
Should you invest in Brazil?
I’ve just spent a very pleasant fortnight in Brazil. It’s a wonderful country. But should we be investing there? The first thing that struck me about Brazil its sheer abundance. It’s the fifth-biggest country in the world. It has 20% of the world’s freshwater supply and just 3% of its population. (China has over 20% of the world’s population and about 6% of its freshwater). It has the highest number of species of primates, amphibians and plants in the world and the most diverse…
