Brazil ‘among most affordable holiday spots for Brits’
Brazilian property investors may be interested to know that Brazil has been named one of the most affordable holiday destinations for Brits.
A new study by Halifax found that the rise of the value of the pound against the Brazilian real makes the country a reasonably-priced destination for holidaymakers, compared to European countries such as Spain.
In the six months to December 2008, the pound gained 15 per cent against Brazil’s currency, according to the report.
"The pound has also risen in value against a number of currencies in the past six months, making it more affordable for Britons to holiday in…a number of destinations further afield," said Martin Ellis, chief economist at the bank.
Earlier this week, Paul Collins, property editor for BuyAssociation.co.uk, said Brazil is becoming a prime holiday destination due in part to its affordability, as the cost of living in the country is just 20 per cent of that in the UK.
