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Brazil is
one of the so-called BRIC nations, the 4 countries with the
fastest growing developing economies in the world, and is
actually one of very few countries to have posted positive
growth in the first quarter of 2009. This South American powerhouse
continues to ride out the global downturn. With the weakened
real against the dollar, cash-rich local partners, a government
committed to aggressive promotion of tourism as a driver of
GDP, and a rapidly growing middle class, the time is right
for foreign investors to enter the Brazilian market. As one
of the largest exporters of food and petroleum products in
the world, Brazil is uniquely placed, attracting increasing
sums of foreign investment.
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Property, particularly that linked to tourism, is at the
forefront of investment opportunities. With a fast growing
local market, increasing numbers of flights, both internal
and international and thousands of kilometres of largely undeveloped
coastline, Brazil is ripe for tourist related developments.
Bahia, to
the NE of the country, is fast becoming the destination of
choice for Brazilian tourists. Availability, however, is very
limited, particularly for up market resorts. Vast expanses
of unspoilt beaches, beautiful countryside and a delightful
tropical climate all help to make Bahia one of the most exciting
investment locations available.
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