Improved stability in Brazil's economy is making it an ideal place for Britons to invest in and relocate to, it has been argued.

According to Romasa Storey, author of the book Live and Work in Brazil, the South American country has improved greatly since president Luiz Inacio Lula da Silva came back to power.

"The economy is thriving because people have the confidence to spend," she explained, news that may be welcomed by property investors who are thinking of making a purchase in the country.

And Ms Storey also noted that Brazil is one of the so-called Bric (Brazil, Russia, India and China) countries, which are "the economic leaders of the 21st century".

Paulo Wrobel of Brazil's London embassy recently stated that the current global financial crisis has had less of an adverse effect on the country than elsewhere in the world, describing Brazil's banking system as "quite sound".