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Brazilian commercial property rents tipped to increase

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Brazilian commercial property rents tipped to increase

Commercial property investors may have to look further afield if they are planning an international money transfer to purchase office space.

According to the Royal Institution of Chartered Surveyors (Rics), rental values are expected to rise in Brazil over the next few months. This, it said, is because demand for commercial property is exceeding the level of supply.

Rics believes this is a sign that the Brazilian economy is demonstrating plenty of resilience amid the continuing global financial crisis. As a result, it could be a safe bet for investors who are looking to tie their money up in commercial property.

The South American country already looks set to see a surge in the amount of international attention over the next few years. Brazil is staging the Fifa World Cup in 2014, while the Olympic Games come to Rio de Janeiro two years later.

This means that the country's biggest cities are undergoing considerable infrastructure upgrades, thereby making them a good long-term proposition for both individual investors and businesses that are looking to expand overseas.

Conditions in Brazil appear to contrast sharply with those in Europe, which Rics said is losing ground on other parts of the world. Indeed, the organisation said the commercial property markets in the continent "struggled to keep pace" with those in places such as Brazil during 2011.

"Real estate in some parts of the world continues to provide significant opportunities," said Simon Rubinsohn, chief economist at Rics.

"In particular, sentiment remains generally upbeat in many of the faster growing economies, even if they are likely to grow a little bit more slowly in the coming year."

China was identified as another market where optimism is especially high right now, while commercial property rents are also expected to go up in Canada and Russia during 2012.

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