Brazilian property market set to perform well

Overseas investment experts expect Brazil to emerge as one of the world's most attractive property markets this year.

Paul Collins, property editor for BuyAssociation.co.uk, claimed that the South American country is "probably one of the only markets" that can look forward to significant growth in 2009.

While many countries are struggling to insulate their property sectors from the economic downturn, Brazil is continuing to attract foreign investment for "various reasons", Mr Collins said.

"It's really coming into it's own as a holiday destination … On top of that, the economy in Brazil has been performing pretty well," he explained.

"The Brazilian government has done really well in stockpiling currency and making sure it doesn't overstretch itself, so it is in a pretty good position compared to a lot of other economies."

Despite the strength of the nation's economy, setting up home in Brazil remains relatively affordable. According to figures from Buy Association, the cost of living in the country is only 20 per cent of that in the UK.

Visit our off-plan property Brazil page.
 

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