Brazil Real Estate News
Property Market Trends and Reviews

Official Figures revealed that arrival of tourists from Canada in Brazil have risen enormously in the last few years. The popularity of Brazil with vacationers is having a positive financial impact on the region. Besides, it has become very popular with Canadian expatriates who wish to live abroad on a permanent basis.

Air Canada Vacations has said that Brazil is one of this year's tourist hotspots and most attractive locations. Doug Vogl, director of international development at the company revealed this recent trend of Canadians traveling to Brazil for vacation. In an interview to Canada.com, he added that the firm was reacting to this demand by increasing its Brazilian programme this year.

Brazil is benefiting from the improved international connectivity, high tourist trade, housing market growth, and growing interest from overseas property buyers. Tourism has been the prominent factor that has encouraged investors to buy property for sale in Brazil. This means that rental accommodations in popular Brazilian tourist hotspots are becoming more and more sought-after by tourists. The increased occupancy rates due to booming tourism will result in high rental yields. Additionally, the growing interest and demand will have the effect of boosting property values.

Liam Bailey, head of residential research at the property consultancy, anticipated investors in Brazil would see "substantial wealth creation" in the next decade. Earlier property website Homes Worldwide has said that Brazil has seen capital growth of around 20 per cent in its property last year.