Brazil property buyers ‘will benefit from transport projects’
Brazilian property investors will benefit from the construction of infrastructure in advance of the World Cup in 2014, as demand for accommodation linked to these projects is beginning to rise, according to an expert.
Ronan McMahon, writing for Nuwire Investor, says this trend has already commenced on the back of the government’s proposed $23.5 billion (£15.8 billion) investment in transportation and is set to accelerate early next year.
Mr McMahon adds that there will be an influx of investors looking to buy Brazilian property due to the "World Cup effect", citing the example of South Africa, where prices rose by 35 per cent in 2005 in advance of it hosting the tournament next year.
"The final and most lasting benefit will be the improved tourist infrastructure and positive experiences the event will leave. Put Brazil and soccer together and one word comes to mind: sexy," he asserts.
Last month, Erin Scott, trend analyst at Property Abroad, said the World Cup will boost real estate in Brazil as investors will look to purchase in the near future while prices are low.
