Tourism to boost Brazils investment prospects-010808

Growth in Brazil's tourist sector could make it a suitable market for foreign investors, according to experts.

Jones Lang LaSalle Hotels believes the South American country could offer a number of investment opportunities because annual visitor numbers are currently on the increase.

Indeed, the Brazilian government has predicted that the number of international tourists will nearly double in the next two years.

Kristina Paider, spokesperson for Jones Lang LaSalle Hotels, said this growth is being encouraged by the government, which is pouring millions of pounds into various infrastructure improvements.

She stated that upgrades to Brazil's road network and airport facilities would help make it a more attractive holiday destination.

Ms Paider added that the nation could also be a good investment market because its economy is continuing to perform well.

"Brazil has been insulated from the economic slowdown felt elsewhere in the world," he commented.

According to property analyst Amberlamb, Brazil's gross domestic product is expected to increase by 4.8% this year.

The website said this means that second home buyers who purchase a Brazilian residence could get healthy short-term returns.

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