Nicholas Marr, spokesperson for property portal Homesgofast.com, said that foreign investment in the Brazilian property market is hotting up. Property experts suggested that house prices are increasing year-on-year in coastline areas, while those looking to invest inland could benefit from cheaper property prices.

Rhiannon Williamson, director of Amberlamb, has said that overseas investors are looking towards Brazil as the next residential property investment hotspot. She added that the country's fabulous climate, low living costs and emerging status as factors appealing to foreign investors.

The 134 per cent increase in tourist numbers taking place from 2002-05 demonstrates that tourism is booming and also the guaranteed year round rental potential. The Brazilian government is investing profoundly in improvements to the country's infrastructure. The infrastructure improvements across the country indirectly support investors by raising the appeal of certain locations.

In 2003, investment banking and securities firm Goldman Sachs chosen Brazil, along with India, Russia and china, as one of the four emerging countries at the fastest economic pace that would have supremacy in the world economy in the future.

This comes after the Mirror highlighted Brazil as a good option for foreign property, mainly due to its fabulous weather, thriving economy and affordable property prices.

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