Affordability 'to be key feature of Brazilian property'

The Brazilian property market will chiefly be characterised by high levels of affordability in the next few years, a report has predicted.

Real estate research firm RNCOS stated that the largest area of growth in the sector will be in the affordable housing market.

Its Brazil Housing Sector Analysis stated that this will be driven by factors such as the growth of Brazil's middle class, the ample availability of finance and strong government support.

Such factors could encourage those looking for property bargains in the country.

At the same time, Brazilian property has been tipped to see good value growth in the coming years as the country gets ready to host two major sporting events.

With the 2014 World Cup and the 2016 Olympics in Rio de Janeiro, property expert company UV10.com has tipped the country to see both extra property and economic growth.

Sales and marketing director Samantha Gore stated that buying a property in the country will be a "sensible and lucrative" move.

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