Sport and economy 'boosting Brazilian property'

Brazil's economic growth and the two major sporting events it is hosting in the coming decade have been major factors in the rise in interest in buying property there, it has been stated.

Sales and business development manager at overseas property specialist the International Homes Network Toby Simcox said: "If there is a hotspot at the moment, then Brazil certainly is the hotspot."

Commenting that he expects to see an "influx of enquiries" about the country, he commented that the staging of the 2014 football World Cup and the 2016 Rio de Janeiro Olympics are chief reasons for this trend.

Mr Simcox also noted that the country has "fared better than other major economies in the global economic downturn" and suggested this is a key attraction for investors.

Rio may be a particularly popular location for investment after winning the right to host the 2016 Games, becoming the first South American city to do so.

It triumphed in the final round of voting against Madrid by 66 votes to 32.

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