Buy property in Brazil to see returns during credit crunch, says expert
Homeowners should buy property in Brazil if they are to see a decent return while the UK housing market is in turmoil, one industry expert has said.
Resort Group International has declared that as the Brazilian economy is going from "strength to strength" it is having a direct affect on property in Brazil.
Lawrie Smith, accounts manager for the overseas property advisors, said those who do not have money to invest in the nation’s booming real estate market could take equity out of their declining UK property to invest in the country.
A report published by the Economic Commission for Latin America and the Caribbean last week stated that Brazil was the region’s main recipient of foreign direct investment to the tune of some $34.6 billion (£18 billion).
Meanwhile the country was tipped this month to receive further foreign investment boosts after it had been appointed investment grade by Standard & Poor.
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