A recent study showed that the United States may be the best commercial real estate market in the world, but Brazil is gaining ground.
The survey, from the Association of Foreign Investors in Real Estate, showed that the United States may be the most secure option out of any other country. What puts the country above all others is its popular commercial real estate-friendly cities such as Washington, D.C., Boston, Los Angeles, New York and San Francisco, among others.
However, Brazil has improved markedly, as the countryhas stabilized and has an impressive economic situation.”The negative is it doesn’t promise a whole lot of capital appreciation because the prime markets are already fully priced,” said James Fetgatter, chief executive officer for AFIRE.
“By no means will Brazil replace the U.S., at least not in the forseeable future.
Brazil is considered now a much safer place to invest and a place where you can get capital appreciation and good yield.
“Brazil’s largest city, Sao Paulo, moved up to fourth place in the group’s list of the top cities for real estate investment, the source added. This was a significant leap from last year’s 26th spot. NewYork, London and Washington, D.C. were the top three.
Source: Argus Software