Northern Brazil popular with investors

North-eastern Brazil has massive growth potential for individuals looking to invest in the country, it has been claimed.

According to an article on Overseas Property Professional (OPP), an increasing number of agents are focusing their efforts on property in the north-eastern region.

The property information website cites the area's popularity with tourists and a growing middle class as reasons for its popularity.

Samantha Gore, sales and marketing manager for property agent UV10, explained to OPP: "Although the area has traditionally been poorer, a disproportionate number of people are moving from low to middle-income groups.

"It's got very high growth potential and there's more space to develop in somewhere like Natal than in Rio."

Furthermore, the Getulio Vargas Foundation has reported that the country's middle class has grown to 49 per cent of the total population, a figure which is sure to interest potential property investors looking to rent high-quality property.

Brazil has been chosen to host the 2014 football World Cup and the 2016 Olympic Games.