If youÃ¢â¬â¢re looking for a great place to buy an investment property then Brazil should be on your shortlist. A booming economy, the prospect of the 2014 World Cup and 2016 Olympics and increasing numbers of tourists make the countryÃ¢â¬â¢s housing market one of the worldÃ¢â¬â¢s most robust.
New figures have found that Brazil attracted a record number of visitors in 2011 Ã¢â¬â great news if youÃ¢â¬â¢re looking for an investment property. Keep reading to learn more.
Record tourism figures boost property investment potential
Figures from the Brazilian Tourism Ministry showed that the country welcomed a record 5.4 million tourists in 2011. This represents a 5.3 per cent increase on 2010 Ã¢â¬â and the visitors are coming from all around the world.
Visitors from South America increased from 2.38 million to 2.63 million in 2011 with a 13.9 per cent increase in visitors from neighbouring Argentina alone.
Investment International reports that Ã¢â¬ËBrazil's wealth of cultural, gastronomic and environmental attractions also drew visitors from all over the worldÃ¢â¬â¢. Russian tourists rose by over 40 per cent, Chinese visitors were up by almost half and Indian visitors to the country rose by 14 per cent in 2011.
Brazil is an increasingly popular place for tourists and these numbers are only set to increase as the World Cup and Olympics arrive in the country in the next four years.
Visitors from Europe were also up in 2011, with 1.62 million European tourists heading to the beautiful country. And, of course, more tourists means more property rental and investment opportunities.
With a wide choice of property, from beachside villas to city centre apartments and increasing local demand for homes, thereÃ¢â¬â¢s really never been a better time to buy property in Brazil.Ã¢â¬Â