Brazilian property sector described as ‘vibrant and dynamic’

Why use a broker instead of a bank

The issue of the thriving Brazilian property market has been placed firmly in the spotlight again with a market research company describing the sector as “vibrant and dynamic”.

The report, by RNCOS, claims that by 2014 demand for housing in the country is expected to have reached 1.8 million units.

A combination of reasons, such as the strength of the Brazilian economy and the upcoming 2014 World Cup and 2016 Olympic Games, have been put forward as the reason for the strong level of growth.

The importance of the climate has also been consistently cited as an example of Brazil being an attractive proposition.

Holidaymakers will always need apartments and the steady climate means it is a tourist hotspot, particularly in the summer months.

The World Cup (Summer 2014) and the Olympic games (Summer 2016) stand out as fantastic opportunities to take advantage of the inevitable tourist influx during those periods.

The country is currently putting in place measures to improve infrastructure dramatically for these two events, offering further encouragement for tourism.

All of the visitors to these two major events are going to need places to stay, meaning the possibilities for making money from renting out buildings are obvious.

Brazil is also in the process of spending a substantial amount of money on infrastructure and facilities in anticipation of both the World Cup and the Olympics.

The Olympic budget alone is projected to be approximately $15 billion.

Transferring money to Brazil

Are you considering investing in Brazilian property? If so, think carefully about how you will be transferring money to Brazil. Foreign currency exchange rates quoted by banks are consistently not as good as the exchange rates available through specialist currency dealers.

So if you are sending money to Brazil – which you will inevitably have to do if you are looking to make a property investment - be sure to compare the market before you buy your overseas currency.

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Brazilian property sector described as ‘vibrant and dynamic’

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