The world-famous Rio de Janeiro Carnival to kick off next month, Brazilian property investors may be interested to learn as the number of foreign visitors heading to Brazil is set to increase.

According to the Telegraph, the event begins on Friday February 20th and continues with street parades until the following Tuesday. The Magazine described it as "the carnival to end all carnivals." Rio de Janeiro is the second largest in Brazil with a population of over 15 million people. People from around the world visit Rio de Janeiro to enjoy its world famous carnival and to enjoy its best beaches like Copacabana.

The Rio Carnival official website states that the event brings approximately 500,000 foreign visitors to the city every year. The Rio Carnival is not only the biggest carnival but also it sets a benchmark against which every other carnival and also one of the most interesting artistic events on the globe. Rio’s property market is attracting institutional investors, bringing in more funds and expertise due to high local demand. The Popular areas for these investors within the city include the luxurious districts of Ipanema and Leblon and the resorts of Búzios and Angra dos Reis, away from the city.

The government is pro-actively investing resources and developing infrastructure to help position Rio de Janeiro as one of the world's premier holiday locations. These initiatives should lead to increased tourism trade and a more buoyant property market.