Brazil is Better

Not only is Brazil better than it was it is better than most of the alternatives. My mama used to tell me, “If you can’t say something good, don’t say anything.” I haven’t written much lately. Finally, looking through the economic data on the internet, a bright spot appears. For the real estate business, two important indicators are the “Production of Construction Inputs” and “Real Wages in the Manufacturing Sector”. Almost every sector shows improvement over the last several months.

“Production of Construction Inputs” has increased, as has steel production, to almost mid-2008 levels. ( The Brazilian economy was much slower going into recession than the rest of the world.) This means people are building again. Jose Augusto Pereira Nunes of Algebra Realty in Miami tells me that in northern Brazil, foreigners are buying. In Sao Paulo, the commercial business is largely foreign; but the residential sector is mostly domestic.

“Real Wages in the Manufacturing Sector” is important because it indicates that people will have the money to buy. This is probably why residential purchases are improving in Sao Paulo. It is nice to say something nice.

David Segrest is a REALTOR® in Charlotte NC. His website is http://www.segrestrealty.com/ His email is david@segrestrealty.com He is also a contributor on Argentina to: http://realestatebloginternational.com/