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 Equity International real estate investment company with a view to grow Brazil’s ‘still nascent’ real estate financing market.
Zell, regarded as one of the wisest experts in the global real estate industry, has spoken extensively about the benefits of investing in real estate in Brazil. He has pointed out that it is a country with a shortage of affordable housing and infrastructures that support foreign investment.
He said recently that Brazil is self-sufficient, has a strong pool of skilled professionals and otherwise unlimited resources. It also offers scale, he said, and described how Equity International-owned malls have seen 12% growth over the past year.
“If you look at all of the facts, I don’t think there is a better environment in the entire world than Brazil,” said Zell, who has also suggested that the country could surpass China in economic might in 30 years.
View Brazil properties for sale at International Luxury Real Estate.
