Brazil Property News: Brazil property 'has huge potential'




24th April 2008 05:25


Property in Brazil holds "huge potential", according to one independent real estate consultant.

People considering buying property in Brazil could be interested to hear that Knight Frank has revealed that the Latin American country's real estate market has potential while the US market faces an ongoing slump.

Nick Thomlinson, the firm's managing director, said: "Brazil [is a] very interesting market which holds huge potential in the next few years."

He added that: "On an average the prices [in Europe] are down by four per cent in the last quarter."

Meanwhile, another advisor revealed last week that property in Brazil is benefiting from booming tourist numbers.

IN2 said: "Brazil is a hot pick for those looking to inject sun and samba to their property portfolio."

A company statement added that new and experienced investors could benefit from the emerging real estate market as tourist expenditure reached £5 billion last year.

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