Real estate to benefit from World Cup 2014
Monday, September 22, 2008
Brazilian property is set to benefit from the news that the 2014 soccer World Cup will be held in Brazil, alongside infrastructure improvements.
Brazil has invested around £550 million to modernize its stadiums, including the Maracanã in Rio de Janeiro which also hosted the 1950 World Cup final. This, along with several improvements to public transport and airports, will place Brazil firmly on the overseas property investor map.
Brazil will now have to make provisions for the huge volumes of travelers to the country, looking for quality hotels and recreational activities during their stay for the football tournament. VRG airlines have launched a new flight route between Rio de Janeiro, Sao Paulo and London recently. A Place in the Sun Magazine has reported that the transport networks up gradation for the event will have a "big impact" and will "drive the significance" of Rio de Janeiro.
According to Reuters, there has been an "explosion" of economic growth in the nation, which lifted many out of poverty and made more people prosperous. Richard Way, editor of the travel magazine, said that Sao Paulo and Rio are the main hubs of this middle class boom. Most areas in southern Rio have seen "massive growth" in property values recently and have experienced a 15 per cent increase over the last three years.
This comes after the new report by Cater Allen base which has revealed that Rio de Janeiro is among several destinations considered to be celebrity hotspots by holidaymakers.
Social Bookmarking
Brazil has invested around £550 million to modernize its stadiums, including the Maracanã in Rio de Janeiro which also hosted the 1950 World Cup final. This, along with several improvements to public transport and airports, will place Brazil firmly on the overseas property investor map.
Brazil will now have to make provisions for the huge volumes of travelers to the country, looking for quality hotels and recreational activities during their stay for the football tournament. VRG airlines have launched a new flight route between Rio de Janeiro, Sao Paulo and London recently. A Place in the Sun Magazine has reported that the transport networks up gradation for the event will have a "big impact" and will "drive the significance" of Rio de Janeiro.
According to Reuters, there has been an "explosion" of economic growth in the nation, which lifted many out of poverty and made more people prosperous. Richard Way, editor of the travel magazine, said that Sao Paulo and Rio are the main hubs of this middle class boom. Most areas in southern Rio have seen "massive growth" in property values recently and have experienced a 15 per cent increase over the last three years.
This comes after the new report by Cater Allen base which has revealed that Rio de Janeiro is among several destinations considered to be celebrity hotspots by holidaymakers.
Labels: Buying-property, Overseas-property, Sao Paulo
