A
Azure
New Member
Have investors considered the exchange rate risk of buying a property in Brazil? My view is that this could end up costing the buyer a lot of Money. What are your views on this aspect?
The Brazilian governement admits the Real is hugely overvalued. For example the average rate with the £ over the last few years is around £1=3.4 reals. Current exchange rate is £1=2.7 reals.
The Brazilian government says the real is too strong. So if it were to start going back to the average levels wouldn't our investment gains get wiped out? I.e once we sell in a few years we bring home far fewer £'s.
Would be interested in your views here.
The Brazilian governement admits the Real is hugely overvalued. For example the average rate with the £ over the last few years is around £1=3.4 reals. Current exchange rate is £1=2.7 reals.
The Brazilian government says the real is too strong. So if it were to start going back to the average levels wouldn't our investment gains get wiped out? I.e once we sell in a few years we bring home far fewer £'s.
Would be interested in your views here.