The property market in Brazil has performed very well in recent times and Brazilian property is set to benefit from new infrastructure being put in place for the 2014 World Cup, it has being claimed.
Brazil is in the throes of preparing for the 2014 World Cup finals which will again put the country in a prime position to attract overseas investors and overseas visitors. There are vast improvements on the country's roads and a growing international and domestic commercial flight market has opened up so many different areas of the country. Erin Scott, trend analyst at Property Abroad, says investors are looking to invest while prices are low, expecting them to rise again in the run up to the World Cup in 2014.
Ronan McMahon, writing for Nuwire Investor has stated that the government has already committed itself to further infrastructure investment and the proposed $23.5 billion (£15.8 billion) investment in transportation will draw an extra influx of investors looking to buy Brazilian property due to the World Cup effect, citing the example of South Africa, where prices rose by 35 per cent in 2005 in advance of it hosting the tournament next year. The Brazilian Football Confederation (CBF) has estimated that the stadiums alone would involve investments of $1.1 billion, which it says would come from the private sector. "The world cup will leave an important inheritance for the future," said Teixeira. "There will be improvements in transport infrastructure, hospitals and a significant improvement in public security."
Richard Way, editor of A Place in the Sun Magazine maintains the transport networks being laid down in preparation for 2014 World Cup finals will have a "big impact" and will "drive the significance" of Rio de Janeiro. He added that the Latin American country's largest airport is planned for the north-eastern city of Natal where there is indication the area is growing into a tourist hub.
Commenting on the he construction work happening in Rio, Tourism minister Luiz Barretto has said that this will provide economic dynamism, which is very important, to the tourism industry. The hotel sector is going to grow, as well as the restaurant sector, and that should lead to an expansion of tourism in this region of the state. Obviously, an increasing number of visitors could be good news for anybody looking to buy Brazilian property.
Brazil is in the throes of preparing for the 2014 World Cup finals which will again put the country in a prime position to attract overseas investors and overseas visitors. There are vast improvements on the country's roads and a growing international and domestic commercial flight market has opened up so many different areas of the country. Erin Scott, trend analyst at Property Abroad, says investors are looking to invest while prices are low, expecting them to rise again in the run up to the World Cup in 2014.
Ronan McMahon, writing for Nuwire Investor has stated that the government has already committed itself to further infrastructure investment and the proposed $23.5 billion (£15.8 billion) investment in transportation will draw an extra influx of investors looking to buy Brazilian property due to the World Cup effect, citing the example of South Africa, where prices rose by 35 per cent in 2005 in advance of it hosting the tournament next year. The Brazilian Football Confederation (CBF) has estimated that the stadiums alone would involve investments of $1.1 billion, which it says would come from the private sector. "The world cup will leave an important inheritance for the future," said Teixeira. "There will be improvements in transport infrastructure, hospitals and a significant improvement in public security."
Richard Way, editor of A Place in the Sun Magazine maintains the transport networks being laid down in preparation for 2014 World Cup finals will have a "big impact" and will "drive the significance" of Rio de Janeiro. He added that the Latin American country's largest airport is planned for the north-eastern city of Natal where there is indication the area is growing into a tourist hub.
Commenting on the he construction work happening in Rio, Tourism minister Luiz Barretto has said that this will provide economic dynamism, which is very important, to the tourism industry. The hotel sector is going to grow, as well as the restaurant sector, and that should lead to an expansion of tourism in this region of the state. Obviously, an increasing number of visitors could be good news for anybody looking to buy Brazilian property.
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