Sam Zell on Brazil
This is a translation and excerpts from an interview Sam Zell did with the Brazilian newspaper Estadão:
Despite the slowing economy, Brazil still has good opportunities for investment, especially in sectors linked to consumption
The main question is whether Brazil still has good opportunities. In my opinion, the answer is yes. The country has so much potential. In real estate, we never fail to be interested, we’re just more cautious.
I am not an expert in this area, but I think if we had a bubble, it is more likely that it deflates slowly. The housing sector still offers good value in Brazil, despite high prices.