Expert: Now is the time for Brazilian property investment
People interested in buying Brazilian property should act now to grab themselves a bargain, according to an expert.
Richard Way, editor of A Place in the Sun magazine, said that falling prices provide an ideal opportunity for buyers to get themselves their ideal overseas property.
"If you’re looking to snap up a holiday home abroad primarily for lifestyle reasons but with an eye on long-term investment [and] you can afford to buy now, then grab a bargain while you can," he added.
Mr Way also added that it would be a wise move to use a forward contract to make sure that changes in currency do not affect the price of the property.
Last month property expert HomesOverseas.co.uk announced its top locations for foreign housing investment in 2010, with Brazil claiming the number one spot, ahead of the likes of the US and France.
This backed up a similar piece of research by HomesGoFast.com which also placed Brazilian property as the top investment opportunity for 2010.
