Foreign capital totals USD 77 billion and gains ground in Brazil
- Foreign capital inflows are rising in Brazil, boosting infrastructure projects and demand for real estate assets
According to the Organisation for Economic Co-operation and Development (OECD), Brazil is the third-largest destination for foreign direct investment. In 2025, investments in the country reached USD 77 billion, equivalent to 4.9% of global inflows.
The report also highlights infrastructure and technology as key sectors, including a USD 40 billion megaproject in data centers, as well as wind energy projects.
Moreover, the impact of these investments can also be seen in real estate. Data from SiiLA’s Market Analytics platform shows that the three companies that leased the most industrial properties in Brazil over the past five years are foreign. Among the top 10, six are from abroad.
Investing in the secondary market
In addition to direct investments in infrastructure and physical presence, foreign investors also play an active role in FII trading. According to the latest report released by B3, non-resident/foreign investors accounted for 21.6% of transactions in March this year.
Thiago Leomil, founding partner at inVista Real Estate, explains that investors seek to diversify their portfolios and mitigate international risks, as Brazil stands out mainly for its robust consumer market and growing infrastructure needs.
“The profile of international investors ranges from large funds to family offices, all seeking geographic and asset diversification. They aim to optimize returns and mitigate risks in their global portfolios, often leveraging stronger currencies. [...] The ongoing reindustrialization and the reorganization of supply chains are driving demand for high-quality real estate assets,” he says.
Geopolitics and the Brazilian outlook
Leomil remains optimistic about the Brazilian market. Despite the depreciation of the dollar, rising fuel prices, and geopolitical uncertainty, factors such as domestic consumption and a slight decrease in the Selic rate contribute to a positive outlook.
“Even if modest, recent cuts in the Selic rate make real assets, such as real estate, more competitive and attractive compared to fixed income. Demand for modern logistics space is driven by e-commerce growth and supply chain reconfiguration. In addition, the size of the domestic market and long-term growth potential offer return opportunities that offset perceptions of political instability,” he adds.
With experience working with foreign investors, Leomil notes that within the real estate market, the most sought-after segment in Brazil is industrial properties.
