brazil property growing in popularity as tourism and investment grow
News Posted On: 10 December 2010
Brazil has continued to grow in popularity as a tourist destination and also an overseas property investment destination, even as most markets around the world crumbled. Now, as the rest of the world stumbles and bumbles trying to find its feet, Brazil is power walking away from recession leaving it as a distant memory, and its growth in popularity is accelerating at a rate fitting of this.
Glauco Chris Fuzinatto, UK and Ireland director at the Brazilian Tourist Office, said the north-east of the country is becoming more popular with Brits and that investment opportunities are opening up.
One of the biggest things in Brazil's development is the number of new flight routes to the country, as well as the expansion in frequency of existing ones, said Fuzinatto, noting that this is now happening across Brazil.
"One important element for it becoming your second home is the accessibility. If it is easy for you to get there, then it's easier for you to buy a property as your holiday home or second home," he said.
The country is experiencing tourism growth as well, Mr Fuzinatto said, noting that there is still potential for further expansion.
The Brazilian economy is currently growing at around 8% year on year, and over the last 8 years of rapid expansion affluence has increased massively, including a 29 million person growth in the country's middle class. With it demand for housing is also growing, and the World Cup and Olympics are set to boost tourism. All in all the future is bright for Brazilian property.
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