Rental property 'growing in Brazil'

The rental property investment market is growing in Brazil, it has been stated.

Property portal Brazilian Homes has added a lettings section to its services in response to the growth in the sector, partner Alexander Wasastjerna announced.

He explained: "As a result of the growing Brazilian tourism market, we decided to start offering rental properties as part of our Brazilian property portfolio."

Mr Wasastjerna commented that this was being done in order to enable the firm's clients to "generate healthy rental returns for their property investment" in the country.

Such a development may encourage those thinking of investing in Brazilian property.

Commenting on the prospects for the Brazilian tourism market last month, travel editor at Lonely Planet Tom Hall remarked that the country has very strong prospects for growth in the near future.

As well as Rio de Janeiro, he said Sao Paolo is emerging as a place with a strong reputation for culture, while another hotspot is Iguassu Falls on the border with Argentina.

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