Spanish developers migrate to build property in Brazil, says expert
Brazil has got great beaches, a fantastic climate and lovely people, one investment advisor has said.
Resort Group International has revealed that the Latin American country has caused a lot of Spanish developers to uproot after discovering the "great" potential of the emerging market.
Lawrie Smith, accounts manager at the overseas property firm, advised those considering buying property in Brazil to buy through a reputable agent with a proven track record.
"[Brazil] has great beaches, a fantastic climate and lovely people. The restaurants are good and it is becoming easier and easier to get to – the airport in Natal will be up and running in the next two or three years," he added.
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).
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