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Brazil's beach paradise attracts Brits - 20 April 2007

The Brazilian property market is a wildly popular investment for British investors, according to a leading overseas property portal...

Homesgofast.com claims that Brazilian land is "unbelievably cheap", while this and the fact that the Brazilian economy appears to have entered a new phase of stability means that the country will continue to attract investors.

Additionally, beach-front properties have been selling well among Britons, with many people buying land as well as off-plan properties, the company states.

However, despite the gains that can be made from Brazilian property investment, the company says that anyone thinking of investing in the Latin American market should get some advice.

Nicholas Marr, chief executive officer of Homesgofast.com's parent company, Marr International, remarked:

"It's not that straight-forward, it's quite bureaucratic - you definitely need someone who knows what they're talking about."

Recently, Brazilian government statistics indicated that the economy has moved into a new period of sustainable growth following years of underperformance.

The country's central bank last month cut its inflation rate prediction to 3.7 per cent

 

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