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Foreign investors are increasingly setting their sights on , due to favourable conditions and the upcoming 2016 Olympic Games.

Rising incomes and a greater number of opportunities have made an attractive prospect, iExpats reported.

What’s more, according to research from Ernst & Young Terco (), overseas investors are currently enjoying strong returns, double the amount available in the US and on average.

Foreign property investment in the country now stands at between £1.5 billion and £3 billion and with the economy going from strength to strength, it looks likely that this will increase considerably in the future.

A spokesperson for the Brazilian tourist board told the newsportal: “Brazil is attracting the attention of the world and we have been heavily in our infrastructure to make it more attractive and accessible for people who to enjoy long-haul holidays.”

This will increase the prominence of the country’s holiday let market, with a of 13.5 per cent in the number of flights noted over the last year.

Source:  http://www.propertyshowrooms.com/brazil/property//foreign-investors-set-sights-brazilian-property_312535.html

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