Boston, Massachusetts, June 27, 2011 -- A poll of Alternative Asset Analysis (AAA) customers investing into Latin America reveals that Brazil is the new up and coming place to invest in real estate.
The survey by alternative investment advocacy and analysis group echoed the popular vote at a major investment event, which took place in London on June 21 and 22.
Property experts attending this year’s Reuters Global Real Estate Summit revealed their top regions for investment this year as the US, Asia and Brazil. Each region carries its own attraction for very different reasons, the investment experts explained.
Reuters news agency spoke to Scott Lathan of Jones Land LaSalle, who said his vote went to the US. He explained that real estate processes have fallen drastically in some regions of the States, adding, "The compression of cap rates in [core European] markets has led investors to shift their focus to the US where yields are still quite affordable and property values, which have recovered … represent a good value.”
Other experts, such as David Schaefer, the Investment & Asset Management Director at DTZ, said that Asia was their hotspot this year. Commercial property in Hong Kong, Singapore and Shanghai were tipped to be major growth areas due to the growing economic strength and liquidity in the region.
Perhaps one of the most interesting findings was that Brazil is heading for major growth thanks largely to its growing economy and the fact that the country is hosting both the 2014 World Cut and the 2016 Olympics. Mark Preston of the Grosvenor group, stated, "Opportunistically, if I were to invest in any sector … it would be Brazil retail [assets] for an emerging market."
AAA’s analyst partner, Anthony Johnson, stated, “Brazil has proved itself as an exciting and growing economy in recent years and there is money still to be made over the coming decade. Real estate is a popular choice at the moment for those interested in alternative investments.”
AAA is also keen to promote ethical investments in Brazil, such as through forestry firms like Greenwood Management, which offers funds and individuals the chance to invest in plantations that have the potential to meet huge demand once fully grown.
The delegates at the Summit were all talking about the great investment opportunities but maintained a cautious approach is probably wise. Scott Singha of RBC Global Asset Management said, "It's a tremendous opportunity for those who are willing to stomach the risk. Brazil comes up time and time again."
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