Brazil named ‘hot investment spot’
Brazil has been named in a list of "hot" investment spots for 2008.
In a recent report, Business 24-7 tipped Brazil as a great place for property investment, backing up the thoughts of expert researchers for 2007’s UK-based Property Investor and Homebuyer Show.
The publication described Brazil as one of the four "largest developing world economies" along with China, India and Russia and said its positive economic advances had "tempted investors to look long-haul" in 2007.
Natal in the north-east of Brazil, the closest part of Brazil to Europe, was highlighted as a particularly lucrative location to invest in due to its "largely underdeveloped coastline".
Furthermore, the website noted that although property prices have risen by as much as 25 per cent in some areas over the last five years, real estate was still relatively cheap with beachfront properties available for sale from £800 per square metre.
Natal is also expected to receive a boost from a new airport that is scheduled to open in the region in 2010 and will be the fourth biggest airport in the world.
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