Article Date : 17 January 2008
News Section: Brazil
Foreign interest in the Brazilian property market could be set to increase as a result of an announcement by British Airways (BA).
The carrier has revealed that it will begin offering non-stop flights to Rio de Janeiro from Heathrow Airport next winter.
This should significantly open up the market to both business and leisure travellers from the UK, therefore leading to greater demand for temporary accommodation from both groups.
According to British Airways, a growing number of people are travelling to the Brazilian city for work-related reasons, which suggests that this new flight could be an important transport link.
Robert Boyle, commercial director of the airline, commented: "South America is a growing market for us as demand for business and leisure travel increases."
He added that the flights were being introduced in response to this demand.
The popularity of investment property in Brazil was recently outlined by SaveBorrowSpend, which said its growing economy was "tempting" many potential property buyers from other countries.
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