Brazilian Property Market Booming
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Brazilian Property Market Booming
Brazilian Property Market Booming - 10 August 2007 - Holiday Lettings NewsBrazil is quickly developing a prosperous property market, according to new economic results.
With the largest economy in Latin America and the fifth largest country in the world, the region is benefitting from strong development in the real estate and tourism sectors. Goldman Sachs is predicting that Brazil could be a dominant force in the world economy by 2050.
There has also been a 134 per cent increase in tourist numbers during the period from 2002 to 2005 and the government is working towards increasing annual visitor numbers to around nine million a year – welcome news for those with holiday rentals in the region.
In addition, the ongoing work on the construction on an international airport in the city of Natal is planning a key role in improving access for tourists and developing the local infrastructure.
Steve Worboys, managing director of investment company Experience International, said: "Enjoying the best weather in Brazil and sunshine for most of the 365 days of the year, Natal is established as the number one beach destination for tourism in Brazil. Significant government advertising spend focused on tourism has seen an influx of major tour operators and record numbers of international tourists to the region."
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