Brazil: ‘Offers Caribbean climate and reliable rentals’
Investors have been advised to put their money into Brazil this week by property experts.
Real estate professional, Robin Barrasford, said: "Brazil offers the same weather as the Caribbean, a safe and secure purchasing procedure and a reliable rental market. Everything the property investor needs to see ample return on their investment."
Brazil’s tropical features have proved a hit with tourists recently, with tourist board Embratur reporting that tourism in the Latin American nation grew by 7.2 per cent last year.
Mr Barrasford added: "There’s no escaping the uncertainty we’re experiencing in the UK, however those looking to buy property shouldn’t be put off by the climate in the UK."
By looking abroad to emerging property markets investors can escape the effects of the global credit crunch and snap up lucrative deals in areas such as Brazil.
Furthermore in Brazil over 90 per cent of the rental market is sourced from the domestic market ensuring strong and consistent demand.
Brazil received an economic boost at the end of last year as state-owned petrol firm Petrobras discovered oil off the coast of Rio de Janeiro said to be worth 40 per cent of the country’s entire oil reserve.
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