Brazil real estate ‘cheaper’
Brazilian property is cheaper for British investors, it has been claimed.
Foreign exchange specialist Moneycorp maintained that currency movements over the course of the past few weeks have put Brazilian property investors in a favourable position.
Deane Roe, account manager for the firm, said: "The Brazilian Real is currently being weakened as investors sell off high risk assets. The movements over the past few weeks have been huge and it all works in favour of the British buyer."
Mr Roe added that a property priced £67,546 on September 1st would now cost a Brazilian property investor £58,000.
He concluded that with the government pledging to inject cash into the money markets it is wise to keep an eye on the situation.
Meanwhile, Homesgofast.com reported this week that property for sale in Brazil is one of the most "attractive" emerging real estate markets.
The website highlighted the Palm Beach development near the Ceara state capital of Fortaleza as one worth checking out.
