Property in Brazil popular with UK investors, says expert

Brazilian property is becoming "more and more popular" with UK investors, according to one property advisor.

Resort Group International revealed property in Brazil is increasingly popular because although it is a similar distance from Europe as traditional investment locations, such as Florida and the Caribbean, "property in Brazil is a fraction of the price".

Lawrie Smith, accounts manager at the overseas property firm, said: "It is becoming more and more popular.

"People from Europe have been investing in places like Florida and the Caribbean for a while now, which are a similar distance from Europe."

He added that in terms of long-haul destinations, the Latin American nation will probably become "one of the most popular resorts".

A report published by the Economic Commission for Latin America and the Caribbean last week stated that Brazil was the region’s main recipient of foreign direct investment to the tune of some $34.6 billion (£18 billion).

For more information on Brazil property investment and to find out about uv10’s latest projects, contact uv10 on 0845 643 1036 or email info@uv10.com or visit our website: http://www.uv10.com

Tags: Brazil, Property, Real Estate

May 19, 2008

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