Brazil is Investment Hot Spot

One of the world’s hottest destinations for investment, Brazil is also creating record numbers of jobs. Government figures point to 2.52 million jobs in 2010 with 3 million expected this year.
Brazil’s investment potential recently led the Daily Mail Investment Extra to describe it as “a hot spot for those seeking big returns”. Brazil is currently the world’s eighth largest economy and one of the fastest growing. Thanks to massive sums of foreign and domestic investment, Brazil saw GDP growth in excess of 7% in 2010, the fastest expansion for the last 20 years.

Brazil’s Record Employment Levels

Along with Brazil’s strong economic growth goes a record increase in employment – Brazil created 2.52 new jobs last year with even better figures on the cards for 2011.
Unemployment in Brazil in December 2010 stood at a record low. The 5.3% rate is the lowest since 2002 and is 15% lower than 2009. This figure is good news for the Brazilian economy as more employment translates into more consumer spending, which in turn spurs on investment opportunities in Latin America’s largest country.
Foreign direct investment in Brazil in 2010 is expected to total around US$3.5 billion, a figure that tops the 2008 record. This high level of investment in Brazil is one of the motors behind job creation and unsurprisingly, employment in Brazil is strongest in those sectors experiencing high investment.

Investment in Construction in Brazil

Top of job creation is civil construction in Brazil where the number of jobs was 8.1% higher in 2010 than 2009. Many of these jobs are in the Brazilian real estate sector, particularly in the Minha Casa Minha Vida social housing programme. This massive government boost of 3 million homes to the Brazilian property market has opened the door to employment to many Brazilians as well as providing homes for thousands of families.
As demand for Brazilian commodities and products grows on both the international and domestic markets, investment opportunities in Brazilian industry and manufacturing are also big job creators. The extraction industries and utilities sector was the second largest generator of employment with 7.8% more jobs in these sectors in 2010.

Record Salary Levels

Along with rising employment, Brazilians are earning more. The average salary in December last year was R$1,515.10, the highest ever and up 5.9% on December 2009. Higher purchasing power means Brazilians are bigger spenders as shown by record sales of household appliances, cars and property in Brazil last year.
This increase in consumption is one of the main attractions of Brazil as an investment destination. For the Daily Mail Investment Extra, Latin America’s “growing populations with burgeoning workforces are enhancing earning and spending power, and this in turn is driving domestic growth, urbanisation and industrialisation”.
Obelisk investments tap into the various booming sectors in Brazil – real estate, construction and social housing – which we believe provide the opportunities with the largest returns. For Obelisk, Brazil is undoubtedly the hottest spot in Latin America.

About Obelisk International: Obelisk International offers select investment opportunities in Brazil in a range of sectors such as residential real estate, construction and social housing. Obelisk gives investors security, profitability and diversity thanks to a combination of close attention to our clients' investment requirements and high quality in-house research and analysis.

For more information on investment in Brazil and to find out about Obelisk International’s latest projects there, contact us on 0034 952 820 319. Via email: info@obeliskinternational.com or visit our website: www.obeliskinternational.com.

Obelisk International
Apdo de Correos 977
29601 Marbella
Malaga, Spain
Tel: +34 952 820 319
Email: press@obeliskinternational.com
http://www.obeliskinternational.com

This release was published on openPR.