Brazilian property is the ‘place to invest’
People looking to invest in a second home should look at Brazilian property, according to an industry expert.
Christopher Chadd, head of research at Property Frontiers, said that it was the place to be, ahead of popular destinations such as France, Spain and Portugal.
"Brazil can do no wrong. A huge housing shortage, huge natural reserves and a fast growing economy combined with a rapid emerging middle class mean that Brazil is the place to invest," he added.
Mr Chadd also commented that the fact that house prices were down in most countries year-on-year was "no bad thing".
He said that in the past decade, there has been a global property boom like no other, with hundreds of markets around the world experiencing tremendous price increases off the back of cheap credit.
Last month, Brazilian property was picked out as the hotspot of 2010 in a league table produced by Homesgofast.com.
