Expert recommends buying property in Brazil
A leading expert has recommended buying property in Brazil this week.
Independent analyst Amberlamb said that foreign property investors should consider the South American nation as it offers a number of different attractions.
"There are fantastic fiscal fundamentals supporting Brazil’s property sector," Amberlamb commented.
The organisation added that the country is weathering the current economic storm created by the downturn in the US economy effectively.
Investors were advised to consider the nation’s good weather and its potential to reap high returns.
Furthermore, buyers were told they could collect the proceeds of both capital appreciation and the money generated from rental yields.
Brazil’s growing tourism market may give rental yields a boost as more people take trips to the nation.
According to Brazil’s institute for tourism, Embratur, tourism in the nation is growing at a rate of 7.2 per cent annually.
Brazil has also been confirmed as the host of international football tournament, the 2014 World Cup, which analysts predict will provide a boost for its economy.
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