Brazil real estate to reap ‘tourism boom’
People looking at property for sale in Brazil could be interested to hear that Latin America is being tipped as one of this summer’s top holiday destinations, it has been reported.
A recent Expedia report revealed the region was at the forefront of a "new era for tourism", according to nubricks.com.
The website reported the fact the dollar has remained more competitive against South American properties, while it has fallen considerably against the euro, meant tourists could opt for a holiday on the continent.
An increase in visitor numbers would boost the already booming Brazilian property market and could mean more tourists will need somewhere to stay.
Meanwhile, it was reported last month by Bloomberg that property in Brazil will continue to boom despite an interest rate rise.
Gafisa revealed the soaring popularity of Brazilian property will not be dampened by the Central Bank’s first interest rate rise in three years.
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