Brazil tipped as success

Brazil has been tipped to see strong economic growth in the years ahead, something that may encourage those keen to invest in property there.

Writing for the On Target newsletter on investment, expert Martin Spring noted that the country has a range of advantages over others economically, Moneyweek reports.

He said this included a forecast by the Organisation for Economic Co-operation and Development that its economy will only contract by one per cent this year and will grow by four per cent in 2010.

Among the other factors cited by Mr Spring were the low levels of public debt and the fact that "Brazil has avoided major blows such as the collapsing banking and property bubbles in the US and Britain".

Mr Spring's comment about property in particular may encourage those considering the country as a property investment destination.

Among British buyers of homes in Brazil are triple Olympic gold medallist Sir Chris Hoy.

He said the residence was "ideal" for his purposes and he would use it as a training base and for holidays.

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