Editor’s Note: International investment capital will rotating according to sectors and countries, and joints in each of them. The crisis in the real estate sector, mainly in United States and many countries in Europe, many investors are betting to Brazil, by many attractions, for example, the real estate market. More than 20 companies linked to the sector traded on the stock exchange of Sao Paulo. They can send me your comments to: tourism and Real Estate: two Booms in Brazil Buenos Aires, Argentina 17 of March 2008 then the results of the first months of this year, one cannot deny that the perspectives of the Brazilian economy are good or very good, according to the perspective where you look. It is true that San Pablo bag shows fearful by what could happen with the crisis in U.S..UU.
and this is why it reacts negatively to each pessimistic news from the North. But the macroeconomic results show another reality and seem to not be feeling the impact of the problems that are impacting on the economy of the North. But beyond whether the crisis in the United States.UU. You can reach to affect the Brazilian economy in the medium term, there are two sections of the community who seem to be alien to the context of international crisis and they are the real estate sector and the tourism sector. For these two sectors is foreseen investments US $4,500 million in 2008. In South America, Brazil is a tourist destination par excellence, and with a constantly growing economy which is reflected in improvements in infrastructure, its appeal is even greater.
It have taken note the foreign capital, mainly Portuguese and Spanish who will invest around US $2.1 billion in the next 3 years. There are currently 150 hotel developments under construction that will begin operations in 2009. This tourism boom is not unique to Brazil, since also Mexico, Colombia and Argentina are enjoying it.
The Argentine real estate boom ended, do not lower the prices they? 4 May 2009 in January 2006 decided to find a home to purchase. It did not have much money saved, and didn’t even have even the approval of a bank credit for such an adventure. Believe me that the search became really an adventure, since while I was in the process of search (a search that lasted more than six months watching over a hundred houses), the same prices were increasing without pause. Luckily, in July of that year I could give with the right House and after little more than three months, in the month of November had ended with the approval of the banking and closed credit purchase. He was convinced that the housing prices would continue with its strong upward trend not only by the inflationary context that Argentina lived, but by the strong demand that watched the sector, and not I was wrong. The House that I purchased is now at a value of nearly 2.5 times that I paid. After the crisis that decreed the final model of convertibility in Argentina, the Argentine real estate sector experienced a boom that clearly ended some months ago. This sector was one of the first that was recovered after the crisis of 2002 and its logic, among other reasons, was determined by the consequences of what was known as the financial corralon limiting withdrawals of deposits of the local financial system. Today in the Argentine real estate market, the reality seems to be totally different, partly because of the effects of the external crisis (while in Argentina the topic of the crisis subprime was not present, if the effects on the real economy of the global deterioration are being felt), but also by internal uncertainty affecting the economy and causing the Argentines prefer to take refuge in the dollar before the bricks.
Therefore, the applicant must demonstrate is responsible for the payment of its debts, since time ago until the present. The third stage is: search the House! Look at what you can buy. And compare it to what you want to buy. Your tastes, location, size, number of bedrooms, bathrooms, kitchen, deck, common spaces and other specifications. Determine if you want to Single house, Townhouse or condominium.