Living in Brazil is just 20 per cent of that in the UK
Friday, February 13, 2009
Brazil has been praised by an industry expert for offering a lower cost of living than the UK, which could attract people to property in Brazil.
Romasa Storey, author of Live and Work in Brazil, said that the cost of living is very reasonable compared to the UK and even flights are now cheaper. She added that property in Brazil is far more accessible than it once was as there are now more flight connections to the country.
A new study by Halifax revealed that the rise of the value of the pound against the Brazilian real makes the country a reasonably-priced destination for Brits.
According to the report, in the six months to December 2008, the pound gained 15 per cent against Brazil's currency. Martin Ellis, chief economist at the bank said that “The pound has increased in value against a number of currencies in the past six months, making it more affordable for Britons to holiday in…a number of destinations further afield."
Deane Roe, account manager of the Foreign exchange specialist Moneycorp said that currency movements have put Brazilian property investors in a favorable position. The Brazilian Real is currently being weakened as investors sell off high risk assets and it all works in support of the British buyers. Properties which were sold £67,546 on sep 1 would now cost only £58,000 due the currency fluctuations.
In related news, Paul Collins, property editor for BuyAssociation.co.uk has said that Brazil is becoming a holiday hotspot due in part to its affordability, as the cost of living in the country is just 20 per cent of that in the UK.
Social BookmarkingRomasa Storey, author of Live and Work in Brazil, said that the cost of living is very reasonable compared to the UK and even flights are now cheaper. She added that property in Brazil is far more accessible than it once was as there are now more flight connections to the country.
A new study by Halifax revealed that the rise of the value of the pound against the Brazilian real makes the country a reasonably-priced destination for Brits.
According to the report, in the six months to December 2008, the pound gained 15 per cent against Brazil's currency. Martin Ellis, chief economist at the bank said that “The pound has increased in value against a number of currencies in the past six months, making it more affordable for Britons to holiday in…a number of destinations further afield."
Deane Roe, account manager of the Foreign exchange specialist Moneycorp said that currency movements have put Brazilian property investors in a favorable position. The Brazilian Real is currently being weakened as investors sell off high risk assets and it all works in support of the British buyers. Properties which were sold £67,546 on sep 1 would now cost only £58,000 due the currency fluctuations.
In related news, Paul Collins, property editor for BuyAssociation.co.uk has said that Brazil is becoming a holiday hotspot due in part to its affordability, as the cost of living in the country is just 20 per cent of that in the UK.
Labels: British, Buying-property, Lifestyle
