Brazil tourist industry sees 134% increase
The Brazilian tourist industry has increased by 134 per cent in just three years, according to new reports.
Rolf Hackbart, President of the National Institute for Colonization and Agrarian Reform (Incra), told the BBC earlier this month that this rise in foreign tourists has fueled a "real-estate boom" in second homes and agricultural land.
To harness the potential of this boom, the Brazilian government has introduced a growth-acceleration package, which features a $236 billion (£116 billion) investment in housing and infrastructure over the next four years.
British couple Gary and Louise Brown, who split their time between Cyprus and the UK, recently purchased a flat in Natal, located in the north-eastern region of Brazil for £80,000.
Louise Brown told the Daily Telegraph: "We thought [Natal] had huge potential. It has year-round sun and this enormous airport is about to open."
She added: "It’s very cheap to invest in Brazil right now too and you can pay in instalments."
The airport Mrs Brown refers to is San Gonzalvo, which is due to open in 2010 and will be the world’s fourth largest airport.
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