Housetech Developments CEO, Waseem Saddique, reveals the latest news of what’s happening in Brazil’s banking and credit world...In turn, this has seen an increased demand for credit applications, which has risen by approximately 27% in the same period and the number of those who have been eligible for such credit increasing by 13% on an annual basis.
The encouraging message that has emerged from Brazilian banks increasing their lending is that investment opportunities have taken centre stage, dispelling any myths that the Brazilian Real Estate Market has entered any kind of ‘bubble’. Banco do Brasil; suggest that lending figures will continue to grow rapidly. The advantages of this include: easier access to funding, the growth of the Brazilian mortgage market and much more attractive ROI potential with less outlay for those considering making an investment into Brazil property.
Fundamentally, with less restrictive lending measures combined with a degree of stability, unseen in the Western banking world, Brazil has all the ingredients in place to attract major investment in the years ahead. World Cup in 2014 and the Olympics in 2016.
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