Brazilian property market ‘boosted by World Cup’
Brazilian property has been boosted by the World Cup, with one website reporting a huge increase in people enquiring about homes in Natal after it was chosen as one of the host cities.
Interest in Brazilian property has risen generally, according to the portal, and the north-eastern region has proved particularly popular with potential purchasers.
Erin Scott, trend analyst at Property Abroad, says people are looking to invest while prices are low, expecting them to rise again in the run up to the World Cup in 2014.
"People plan to maximise rental revenues by renting to large parties of fans," she explains.
Larger properties in the areas have seen the biggest rise in enquiries, Ms Scott adds.
Recently, James Gonzalez, market analyst at Obelisk Investment Property, said Brazilian property investors can benefit from the country staging the major international sporting events, as rental accommodation is likely to be popular with visitors.
