Article - Brazil Property To Top 2010 Property Wish List

Brazil’s property market is set to become one of the hottest markets in 2010. The country is one of the world’s fastest growing economies. Foreign Direct Investment has increased and with Brazil set to host the 2014 football World Cup and 2016 Olympic Games, we will see improvements in infrastructure and huge growth in the construction industry.

Property investors from around the world are flocking to Brazilian shores with a view to snapping up real estate, in anticipation of future capital growth.

Brazil Property Specialist, Colordarcy have seen Brazilian property enquiries increase by 60%, since the Olympic announcement. The company has responded by launching a consultancy service to help clients to source the best real estate deals in Rio de Janeiro.

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News - Brazil state bank frees up billions for Cup stadia

Brazil’s state development bank BNDES said it will provide up to 4.8 billion reais (US$2.77 billion) for work on the 12 stadia that will stage matches in the 2014 World Cup, despite a promise from organisers that public funds would only be needed for infrastructure.

The credit line will have a ceiling of 400 million reais per stadium, limited to 75 percent of the total cost of the projects, the BNDES said in a statement after a meeting between President Luiz Inacio Lula da Silva and ministers linked to Brazil’s staging of the tournament.

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Article - The thrill of Brazil: How Rio is already in its stride ahead of hosting the 2016 Olympics

No one throws a party like Rio de Janeiro. And, having just won the race to host the 2016 Olympics, South America’s carnival-loving capital of extravagance has cause to celebrate.

The news follows the city’s successful bid for the 2014 soccer World Cup, and will mean not only a massive boost to tourism, but a huge - and sustained - increase in government spending.

This should result in improvements to infrastructure and services. One knock-on effect will be an increase in property values; another, modelled on Beijing, will be a smartening up of the city, with crackdowns on crime and the removal of the favela slums.

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Article - The Olympic Games – Great for Brazil

As you may know, Brazil won the bid for the Olympic games over Japan and The United States. After police raids on multiple favelas surrounding the Rio area, President da Silva announced that the Brazilian government will devoted sixty million dollars to the local and governmental law enforcement.

Over the weekend, during a turf war between two rival gangs, Police were forced to employ the air support of a helicopter. During the skirmish, the helicopter was shot out of the sky by high caliber machine gun fire. Three policemen died in the crash. Other casualties included 21 gang members/civilians. Violence is rampant in Rio where the high murder rate makes it one of the most dangerous cities in the world. After a third police officer died in a helicopter crash, President da Silva announced his decision to “up the ante” on the corruption facing Brazil.

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Article - Brazil is the 21st-century power to watch

When I appeared on a panel of journalists from international publications recently, the moderator asked us to nominate our big story for the next year.

One of the panellists suggested the UK parliamentary elections. A second mentioned the continued ramifications of the financial crisis. I said Brazil, which I was about to visit for the first time.

Consider, I said: Brazil had come through the financial crisis in reasonable shape. It was sitting on a vast deep-sea oil find. It had just seen the world’s biggest stock market listing this year - the $8bn flotation of part of the Brazilian arm of Santander. It would also be host to the world’s two biggest sporting events: the 2014 football World Cup and the 2016 Olympic Games - which Rio de Janeiro had won this month over Tokyo, Madrid and Chicago.

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