Brazilian property 'a step ahead'
Thursday, 18 November 2010 4:15 PM
The Brazilian property market is currently "one step ahead" of other popular investment destinations, according to Rightmove.co.uk.
Robin Wilson, head of the company's overseas division, said that as a "pure investment" location, there was a "lot of buzz" surrounding the Latin American country at the moment.
"Its size and burgeoning economy do put it a step ahead of the investment pack, but regardless, buyers must go into it with eyes wide open, do their research and treat it as long-term investment," he explained.
Brazil, along with the US, the Caribbean and Spain, was recently ranked the most desirable foreign property location in a survey by the Worldwide Property Group (WPG).
The study also revealed that 58 per cent of people claim to currently be thinking of making an overseas property purchase.
Mr Wilson went on to say that potential investors should "keep a clear head" and monitor fluctuations in exchange rates closely, before committing to buy.
The WPG research also found that confidence in property remains high, with 83 per cent of respondents viewing now as a good time to buy UK property - only a slight dip from last month's record of 86 per cent.
