With the Olympics set to take place in 2016 and the World Cup even sooner in 2014, Brazil is getting a lot of positive attention at the minute. And it seems that there are plenty of reasons for the country t hot property in 2010, according to an industry expert.

Nick Marr, chief executive officer of HomesGoFast.com, said that the construction and infrastructure upgrade works in the country ahead of the 2016 Olympic Games will help to boost real estate sales. The upcoming football World Cup in 2014 will also see a boom in infrastructure investment, with 12 host cities seeing new sporting facilities being upgraded or constructed. The South American country has been tipped ahead of France and the US as the place to invest next year.

Mr. Marr added that Brazil would be the number one place for investors and it is the place generating most interest. The great thing about Brazil is that investors have good exit opportunities with local and overseas buyers to sell to when the time comes. He also advised that people should look at properties in Natal, Bahia, Rio Grande do Norte and Ceara as the most favourable investment areas.

According to The Organization for Economic and Development Cooperation (OEDC), Brazilian property owners will experience robust growth of the country’s economy in 2010 and 2011. The Organization has predicted that the country will see growth of around 4.5 per cent, performing better than other nations.

A report from the organization suggested that next year “the government could begin to roll back budget incentives as the economy consolidates”. The predictions are an improvement on earlier ones, which estimated 0.8 per cent growth in 2009 and four per cent in 2010.

This entry was posted on Sunday, November 29th, 2009 at 1:39 am and is filed under LoftyVistas, Real Estate in Brazil. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.