World Cup 'will boost rental prices in Brazil'

Property investors who rent out homes will be able to make a large profit from the 2014 world cup in Brazil, it has been claimed.

Co-founder of developers ViaMar Groupo Vibecke Lykke Olsen said the rates charged for rent "treble" during the holiday periods, such as Christmas, Easter and carnival time, with the same effect likely to be seen during the tournament.

Discussing the fact that some games will be played in Natal, Ms Olsen said this is "exciting" and will help continue the infrastructure development that has been going on in the north-east of the country in the past five years.

"The development will just take off, there's no doubt about that," she said.

Those keen in investing in parts of Brazil near to the 12 venues for the tournament will now know what these will be.

Rio de Janeiro, Sao Paulo, Manaus, Belo Horizonte, Natal, Fortaleza, Curitiba, Salvador, Brasilia, Cuiaba, Recife and Porto Alegre were recently named as host cities by football's world governing body Fifa.

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