World Cup and Olympics 'could create Brazilian property boost'

People looking to invest in Brazilian property should focus on those cities which are most closely connected to the major up-coming sporting events, an expert has claimed.

Danilo Canuto, executive director of the Association for Real Estate and Tourism Development (ADIT), told the Brazil Investment Guide that a total of 50 billion AUS (32 billion GBP) of projects have been planned for 12 key cities hosting events in the 2014 football World Cup and the 2016 Olympic Games.

Key locations for investment could be Belo Horizonte, Brasilia, Cuiaba, Curitiba, Fortaleza, Manaus, Natal, Porto Alegre, Recife, Rio de Janeiro, Salvador and Sao Paulo.

The emphasis being given to improving these locations' infrastructures is given as one of the major reasons why there is huge growth potential in these areas.

Earlier this month, Macauhub.com reported that the Brazilian government is concentrating on spending 6.2 billion reais (2.2 billion GBP) on modernising the country's ports and airport ahead of the World Cup and Olympics.