Rio Property Services - Why Invest In Rio

BRAZIL: HOTTER THAN EVER
There's a lot to like about South America's biggest economy. Hosting the Olympics and World Cup will be the icing on the cake. Recently Brazil has been on a roll. As a member of the fast-growing BRIC emerging economies, Brazil recently shrugged off the global recession and witnessed positive growth of 1.9 percent in the second quarter of 2009 while most the world went backwards. Forecasts put 2010 growth at five percent, making the country a Mecca for smart investors. And within this optimistic outlook, Rio de Janeiro is set for a tourism boom for at least the next seven years as the city prepares to first host the FIFA World Cup in 2014 and then the Olympic and Paralympic Games in 2016. Since these announcements, between 2008 – 2009 the price of property in the Zona Sul (south) of Rio de Janeiro has increased in value 30 – 40%. The combination of these two major international sporting events is sparking an infrastructure spending spree and a grab from foreign investors for a piece of the action. Brazil plans to invest $14.4 billion in the lead up to the Olympics and foreign tourists are projected to increase a massive 15% from 2015 to 2016. It is Rio de Janeiro’s real estate sector and its rapidly expanding economy that will be the winners. Demand for homes to rent and buy is already increasing after the Olympic announcement and will continue to drive property prices skywards in the coming years. In a study by Brazil's Ministry of Sports, these two sporting events could bring in nearly $51 billion into Brazil's economy through to 2027. That news is creating a positive buzz that will continue to attract capital to the region and keep the economy buoyant. Meanwhile, Rio continues to gain international recognition. Forbes Magazine recently named Rio the happiest city in the world, based on the views of 10,000 people throughout 20 countries and the Universities of Michigan and California bestowed upon Rio the title of most courteous city in the world. One of the city’s major tourist attractions, Christ the Redeemer, is one of the new Seven Wonders of the Modern World in 2008.
BRAZILIAN TOURISM FIGURES
A 2009 survey from the World Travel and Tourism Council (WTTC) ranks Brazil thirteenth among the 181 countries analyzed for tourism efforts; the country is first among Latin American countries. Current data from Central Bank notes a record influx of tourism revenue in Brazil in 2008. Foreign tourists spent US $5.785 billion in Brazil, an increase of 133 percent as compared to 2003. Tourism numbers are growing at over 7% annually which is double the global average. This year, the World Economic Forum, in its third edition of the Competitiveness Report on Travel and Tourism ranked Brazil 45 among the 133 countries assessed and ranks 2nd in regards to natural resources. It is ranked first among all South American countries included. According to the International Congress and Convention Authority (ICCA), Brazil ranks seventh as an international event destination.
PROFILE OF FOREIGN TOURISTS IN RIO
Foreign tourists visiting Rio de Janeiro annually break down as follows: 22.5 percent American, 8.1 percent French, 6.9 percent Argentina, 5.8 percent English and 4.9 percent Chilean. Leisure is the major motivation for foreign tourists who chose the Marvelous City (53.1 percent). Business, events and conventions follow with 28.5 percent. Foreign tourists seek out the following activities while in Brazil: sun & beach (44.6 percent), culture (22.1 percent), ecotourism (20.6 percent) and sports (6 percent). The average stay for these tourists is 15.5 days spending an average US $90 daily.

LINKS

http://www.easier.com/view/Finance/Investments/Funds/article-277728.html

http://www.holidaylettings.co.uk/resources/property-news/property-investment-news/2016-olympics-boost-brazil-property-market/a-2-55-1926/

http://www.reuters.com/article/companyNewsAndPR/idUSN1423773320091014

http://www.forbes.com/2009/10/12/brazil-etf-emerging-intelligent-investing-markets.html

http://www.thestreet.com/story/10607074/1/why-brazil-will-remain-attractive.html?cm_ven=GOOGLEN

http://www.nce.co.uk/news/structures/ukti-30bn-must-be-spent-in-rio/5209328.article

http://www.travelmole.com/stories/1139076.php