Brazil is 'a pleasant surprise' for investors

Article Date : 17 April 2007

A strengthening currency and low property prices are attracting British investors to the Brazilian market, a real estate portal has said.

According to Homesgofast.com, land in Brazil is "unbelievably cheap", while the real estate market is also performing well.

Furthermore, the cost of living is very low and many Brits are attracted to Brazil because there are areas that still appear "untouched" by foreign influence.

Nicholas Marr, spokesperson for Homesgofast.com, said: "Investors are going out there and saying: 'Oh my God, I can't believe this'.

"In Fortaleza, north-east of Brazil, five bedroom villas were going for around the £90,000."

He commented that once direct flights become available, Brazil would really "take off" as a place to invest.

"Forteleza is where a lot of South Americans go on holiday and if Europeans knew about it ? if you could fly there direct from the UK ? that would be a really good place to go," he added.

According to an index by Currencies Direct, Brazil is in the top ten of favourite property locations for British buyers.

Brazil is 'a pleasant surprise' for investors

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