Property investors are overlooking the strength of Brazil's rental properties as it has shown strong investment prospects in 2011, it has been claimed.
According to Property portal Brazilian Homes, rental investors who rent out homes will be able to make a large profit from the 2014 world cup in Brazil. The portal has added a lettings section to its services in response to the growth in the sector. Over 6 million foreign nationals have visited in 2010, an impressive 7.8 per cent increase over 2009 figures and forecasts for 2011 are set to be even higher.
Partner Alexander Wasastjerna explained: "As a result of the growing Brazilian tourism market, we decided to start offering rental properties as part of our Brazilian property portfolio."
Commenting on the prospects for the Brazilian tourism market, Tom Hall, travel editor at Lonely Planet remarked that the country has very strong prospects for growth in the near future. Lonely Planet has recently listed Brazil as the second best destination to travel to in 2011, just behind Albania. Indeed, the news is sure to interest buy-to-let investors as they will be able to benefit from the country's constant supply of tourists.
Glauco Chris Fuzinatto, UK and Ireland director at the Brazilian Tourist Office said that People are really considering whether they should be going to Brazil now, next year or the year after.
She commented: "I am not surprised that Brazil has been named as one of the best places to go [by Lonely Planet]. It has so much to offer."
In related news, Research conducted by STR Global has found that An increasing amount of individuals are turning to central and South American destinations for their holidays and countries like Brazil are experiencing a resurgence in interest from British travelers, compared to last year.