Brazilian property praised
One property expert claims that property for sale in Brazil is an excellent bet for investors, it has been reported.
Liam Bailey, an analyst for Property Abroad, backed recent claims by US billionaire Sam Zell that the Brazilian property market offers the best deals around at the moment, according to propertyshowrooms.com.
Mr Bailey said: "Brazil is currently one of the most popular countries to make an overseas property investment."
He added that the Latin American nation offers investors the best deal and has remained strong despite the credit crunch and global financial crisis.
According to Mr Bailey, on-going positive media exposure coupled with large amounts of overseas funding will ensure that property values in the country remain strong.
In other news, a retired PE teacher this week spoke out about how he is relying on the property market to provide for his retirement.
Mark Holmes, 45, from Ramsgate, has added a Brazilian property to his portfolio which he hopes will provide a tidy little income for his later life.
