House prices in Brazil could be set to go up over the next few years, according to a British media outlet.

The Times stated that authorities in the South American country are planning to roll out a high-speed rail link between Rio de Janeiro and Sao Paulo.

As well as reducing journey times between the two cities to just one hour, the newspaper believes this could also have an effect on the nation's housing market.

This is likely to be a positive development for people who own property in Brazil, as it puts them in line to benefit from healthy capital gains.

Commenting on the likely impact of the move, the Times said: "Planned infrastructure improvements should give [house] prices a further push."

The publication added that the high-speed rail link should be ready before the World Cup comes to Brazil in 2014.

Although the country has only staged the World Cup once before, it is the most successful participant in the competition, as it has won the trophy an unprecedented 5 times.

Visit our off-plan property Brazil page