Article Date : 10 September 2008

The Brazilian property market is set to grow substantially for the next five to seven years, an expert has predicted.

Jose Paim de Andrade, the founder of real estate firm Maxcap, told the Economist this is the length of the period from now over which the country will see a housing boom.

Mr Paim de Andrade explained that the mortgage industry is booming in Brazil, being just a few years old, with loan durations and salaries increasing and interest rates falling.

Such news may be of interest to those looking to invest in Brazilian property, as it suggests the next few years may offer many opportunities for success.