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Expat Health Insurance News: Brazilian property 'is good investment'

Expat insurance customers considering relocating abroad to Brazil may wish to invest in real estate in the country, as it has been said the prospects in this market are great.

Waseem Saddique, chief executive officer of Housetech Developments, noted the nation's economy is "streaming ahead" while other countries are being downgraded by credit agencies.

He explained several oil-rich places have been found off Rio de Janeiro's coast, which makes the country a "prime hotspot" for property investors.

The Olympic Games are set to be held in Brazil during 2016 and the Fifa World Cup will take place on its shores in 2014, the specialist continued, claiming this has resulted in the need for development and housing reaching "staggering heights".

Mr Saddique suggested that interested parties visit the news section of his company's website – www.housetechdevelopments.com – so they can remain knowledgeable about market conditions.

Brazil is the world's fifth largest economy and its most commonly-spoken language is Portuguese.

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