Olympic host Brazil tipped as property hotspot

Brazil's property market is sure to be boosted by the award of the 2016 Olympics to Rio de Janiero, an expert has argued.

Sales and marketing director of Brazil real estate firm uv10.com Samantha Gore said the decision was a sign that the country is making great progress in improving its economy, infrastructure and civil society.

These developments will have reassured the International Olympic Committee and will also help bolster the property sector, the expert suggested.

Rio itself will benefit from some of the development, but there will also be a "ripple effect" that will see other areas benefit, Ms Gore commented.

She pointed to the Rio Grande du Norte region as one of these, with a new airport soon to be opened there.

The combined benefits of hosting both the 2014 World Cup and the 2016 Olympics means "it can only be a sensible and lucrative decision to purchase property in Brazil", Ms Gore concluded.

Rio beat off competition from Madrid, Tokyo and Chicago to clinch the games, with the latter city failing despite the personal support of long-time city resident Barack Obama.

Like this? Then share with your friends and colleagues!