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Brazil Property News: Brazil prepares for 'influx' of property investors
6th November 2007 04:12
Brazil should prepare itself for an "influx" of property investors in anticipation of the 2014 World Cup, according to industry experts.
Said to be worth around $1.1 billion (£540,000 million) to the Brazilian economy, the World Cup project is to include the construction of a stadium in the coastal city of Natal in the north-eastern region of the country.
Three other stadiums will also be constructed in Recife, Salvador and Maceio – all in the north-east of Brazil.
Property expert Russell Messenger said: "The world cup will be excellent for the Brazilian economy.
"The impact of a new stadium to hold games in Natal will be an enormous boost for the city, which in combination with the construction of the new airport [due to be the largest in South America] now makes Natal one of the best places in the world to invest in property."
Brazil's tourism industry has attracted an increasing number of foreign tourists to the Latin American country over the past few years.
The country's tourist industry is growing at a rate of 7.2 per cent a year, making it the second largest tourist economy in Latin America, after Mexico.
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