According to billionaire real estate investor Sam Zell, Brazil could surpass China’s economy in 30 years. Zell, who is regarded as one of the wisest global real estate investors, has frequently touted the benefits of real estate in Brazil. The following article has more on why Zell recommends Brazil so strongly.
World property guru Sam Zell is looking to open a real estate financing company in Brazil as record-low interest rates in Latin America’s biggest economy boost demand for alternative investments.
Zell, who declared a couple of months ago that Brazil is the ‘number one country in the world for investments, is looking for a partner for his real estate investment company with a view to grow Brazil’s ‘still nascent’ real estate financing market.
The company’s chief strategic officer Thomas McDonald confirmed that the move is on the cards and added that it may open its own company to provide financing to real estate developers. (more…)