Economic boost set to benefit Brazil

Property investors looking to the Brazilian market could generate significant returns on their real estate, an expert has claimed.

Economist Chris Gilchrist used the recent IRS Report to highlight the fact that Brazil holds considerable advantages over international markets.

The expert wrote that the South American destination is likely to benefit from its advanced democracy and legal system, as well as "vast" offshore oil deposits which could lead to a "production boom" in the next decade.

Mr Gilchrist drew attention to the forthcoming 2014 Fifa World Cup and 2016 Olympic Games as further reason to invest in the country, with substantial financial growth expected to be a by-product of the sporting events.

"The nation is set for a massive boost, both economically and psychologically. Some USD50 billion will be spent before the World Cup and at least a further USD15 billion on Rio before the Olympics," he noted.

Furthermore, news that a new airport is due to open in the country by 2012 is sure to bolster the destination's emerging tourism and property market.

Like this? Then share with your friends and colleagues!