Brazilian property is at ‘forefront of everybody’s minds’
The number of people enquiring about Brazilian property has increased by 60 per cent since it was announced that Rio de Janeiro would be hosting the 2016 Olympic Games, according to an expert.
Toby Simcox, sales and business development manager at the International Homes Network, said that the number of people looking into property in Brazil is likely to rise "dramatically" as many see the country as a hotspot.
Mr Simcox added that investors need to look at the future management of each property that they buy.
"It is going to be an armchair investment so people back in the UK need to make sure that everything is in place to ensure that that property ticks over quite nicely and yields well for them. The capital appreciation will take care of itself," he added.
As well as Rio de Janeiro benefitting from the Olympic Games in 2016, 12 cities around the country have been named as host venues when Brazil stages the football World Cup in 2014.
