Brazil, one of the fastest growing economies in the world and in addition to the 2014 Soccer World Cup it has just been awarded the 2016 Olympic Games. With an already rapidly growing tourism sector and current affordable property prices, Brazil offers a seriously exciting opportunity for the property investor.
The recent news that Brazil is to host the 2016 Olympic Games in Rio de Janeiro extends as not only fantastic opportunities for the country in the sectors of economy, tourism, infrastructure and sporting awareness, but also foreign investment.
The economic advantages of hosting a major sporting event are well-documented and property investment is one of the main beneficiaries. Not only do visitors flock in their thousands to the host cities, but new and improved infrastructure adds to a region’s appeal. Brazil has an ambitious list of new airports – the up-and-coming airport near Natal is expected to be the largest airport in Latin America – and a high-speed train linking Sao Paolo and Belo Horizonte is out to contract.
Private investors as well as corporates are looking for a slice of the action because the combined effect of these factors makes investment property in Brazil an opportunity which just been elevated to a whole new level.
Natal is devoid of sophisticated luxury resorts, so high-end property investment is likely to be lucrative.
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