Brazil 'a good choice for a property investment'

There are many reasons why Brazil is a prime location for those looking to invest in property overseas, it has been claimed.

Tim Morgan, partner at Emerging Real Estate, highlighted the growing number of tourists visiting the nation as just one of the factors helping boost Brazil's real estate sector.

He explained there is increasing demand for holiday homes for rent, with new-build properties designed for this sector providing "a low level market entry point" for investors.

Meanwhile, Mr Morgan pointed to the good weather, relatively inexpensive cost of living and strong capital appreciation as other reasons why buying a house or apartment in the nation is an appealing prospect.

"Buying property in Brazil is a shrewd move as the country is in relatively strong economic shape like its fellow Bric (Brazil, Russia, India and China) countries," he stated.

Rio de Janeiro is one place property investors may want to consider after the Holiday Lettings' Insight Report recently named it as one of the most popular city break destinations in the world, adding demand for rental apartments here outweighs supply.