Sporting events 'to bring economic boost'

Brazil will see a direct and notable boost to its economy as a result of hosting two major sporting events in the next decade, it has been predicted.

The Irish Times noted that a business school in Sao Paulo has predicted that the 2014 Wold Cup and the 2016 Olympics will each add one per cent to the country's gross domestic product.

It also noted that Rio de Janeiro will be enjoying major infrastructure improvements, including new transport links between the four areas of the city that will host events.

Such developments may encourage those keen on investing in property in Brazil, as the market could be boosted by such economic growth.

Earlier this week, sales and marketing director at estate agency uv10.com Samantha Gore said the two events will have a very positive impact on the property market in the country.

She remarked: "It can only be a sensible and lucrative decision to purchase property in Brazil."

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