Brazil poised for property boom

Brazil merits serious consideration as a location for those looking to buy property overseas, according to new research.

The UK's Property Investor and Homebuyer Show North has calculated that capital growth in Brazilian property has been around 20 per cent in recent years, beating other high performers in Europe such as Spain (17 per cent) and France (10 per cent).

David Green, sales director with Brazil Property Services, told 999 Today that this was down to the effect of "high levels of inward investment" and a generally stable economy.

He added that the climate and cheaper cost of living made Brazil a destination in demand with people looking to buy property abroad as a holiday home, as well as with more "serious" investors.

However, Stuart law, managing director of Assetz for Investors, sounded a note of caution, reminding investors that high returns could also mean high risk.

On the other hand, although some commentators say European property markets have already peaked, "established locations such as France are still holding up extremely well against the competition", he said.

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