Brazil properties 'increasing in popularity'

Brazil is becoming an increasingly popular choice for property investors looking to make an overseas purchase, it has been claimed.

According to Tom Falcao, general manager of the Brazilian embassy's tourist board, the north-east and south of the country are proving attractive locations for buyers.

"Some [purchasers] are people who are retiring and buy a house in Brazil. There are also people who buy a second property in Brazil and rent it out to other people. So it works as an investment," he explained.

And Mr Falcao also noted that the country is home to many new developments - houses of varying sizes known as 'pousada' - that are very popular with tourists, both on the beaches and inland.

Romasa Storey, author of a book about living and working in Brazil, recently stated that the country offers "very cheap" living costs when compared to the UK, adding that travelling to the South American nation is no longer as expensive as it once was.

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