Property in Brazil offers a huge amount of investment opportunities in stark contrast to developed countries, PwC has said.
The industry-leading firm said that demand is high for Brazilian property and consumers have increasing purchasing power but the availability is chronically low so the market is set to soar.
It said that the opportunity to invest in property in Brazil is even more “enticing” as the housing bubble is being driven by consumer demand and not just speculators.
“People want to be where the action is, and that’s Brazil”, the firm said in a recent report.
One investor in the area said: “You can build housing forever, and people will want it”.
An expert at Assetz said that although the number of people investing in property abroad has decreased since the credit crunch there has been a recent increase in people looking for a solid long-term investment.
Stewart Law, chief executive at the company said that people were now considering long-term rental income rather than capital gains.
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