Brazilian property 'in British interest surge'

Britons have shown a sudden surge in interest in buying Brazilian property after the awarding of the 2016 Olympics to Rio de Janeiro, a currency exchange firm has said.

Moneycorp told Homes Overseas that it has now launched a service converting sterling to Brazilian reals in response to a rise in interest, which it notes has also been boosted by the country hosting the 2014 football World Cup.

The firm said that in August there was a 57 per cent jump in enquiries about the country in August alone - a situation arising before the Olympic decision.

Commenting on the development, Moneycorp's Brazilian Real account manager Deane Rowe said: "We are delighted to launch the Brazilian Real Service to help our clients get the best deal possible when looking to invest in Brazil."

Sales and marketing director of Brazil real estate firm uv10.com Samantha Gore recently suggested that the staging of the Olympics in Rio will have a "ripple effect" that will boost prices across the country.

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