Brazil has become the number one destination for private equity investments, new research revealed to those in the market for Brazilian property.
The Emerging Market Private Equity Association (EMPEA) which carried out a study with Coller Capital found that Brazil has more factors working for it than previous favourite China.
“Brazil is less competitive and perceived as having little or no political risk,” Sarah Alexander, chief executive and president of EMPEA explained.
“And it has strong economic growth which is leading to a significantly increased middle class,” she added.
The study found that just three per cent of private equity investors cited political risk as a reason to avoid investments in the country, compared to 24 per cent who said the same of China and 11 per cent for India.
It also found that almost a fifth of those polled intend to invest in Brazil within the next two years, those looking for Brazilian property were told.
Meanwhile JPMorgan has announced plans to double the number of people it employees in Brazil and it seeks to take advantage of expansion opportunities.
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