Brazil tipped to attract more investors

Brazil is likely to attract more interest from foreign property buyers in the near future, an expert has predicted.

According to Richard Way, editor of A Place in the Sun Magazine, the country is set to host the Fifa World Cup in 2014.

This, he said, will "certainly" have an impact on its property market, as new infrastructure will have to be created.

For example, the largest airport in South America is set to open in Natal next year, while David Beckham's World of Sport complex is already up and running in the area.

Mr Way believes this will boost both the desirability and the value of property in north-east Brazil.

He commented: "They're all crazy about football anyway so [the World Cup] has certainly had an impact on the country."

The 2014 World Cup will mark the second time that the country has hosted the football tournament.

Brazil is also in the running to host the Olympic Games two years later.

 

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