Bristol Financial Acquires Castle One Property Portfolio in Brazil

SAO PAULO - July 1, 2015 - PRLog -- Brazil was the eighth fastest growing house price sector in the world in the third quarter of 2014 and big things are expected in the housing market by brokers at Bristol Offshore.

One of the biggest drivers of a strong economic performance  in Brazil has been the property market which has steadily risen despite an economic slowdown. Jason Silverman at Bristol Offshore says “Some people think we are looking at a potential bubble in the market after the Olympic Games but we don't believe that will be the case.” He goes on to say - “We are acquiring property to add to a somewhat substantial portfolio as part of our clients holdings.”

Prices are still rising, particularly robustly in Rio de Janeiro and São Paulo. The biggest increases have been in these, the two largest cities. Rio has shown spectacular returns over the past years as has São Paulo with respective returns of 266% and 220% from January 2008 to February 2015.

“The economy in Brazil  in general has not performed alongside the housing market and in fact just avoided recession” says Steve Sherwood, a long time broker at Bristol. He goes on to say “We are beginning to see the first steps to a better economy in Brazil as of last month and as the Olympics get closer both the economy and housing market will skyrocket.”

Rio’s Summer Olympic Games in the coming year should provide a plethora of economic benefits including global brand awareness for the nation due to hosting such an important sporting event, investments in infrastructure, the creation of jobs and a big boost to foreign tourism plus the ‘feel-good’ factor in Brazil for its population. Brazil should be looking ahead to enjoy this legacy for many years after the end of the games.

Bristol Offshore is an offshore brokerage firm servicing both retail, corporate and institutional clients. All clients have access to an advanced online trading platform accessible through laptop or smartphone.