The Brazilian property market has witnessed a surge in enquiries since the announcement that Rio de Janeiro will host the 2016 Olympic Games, research has shown.
According to property specialist Colordarcy, the number of enquiries has risen 60 per cent since the announcement, with further increases in interest in the market expected as the Games draw nearer.
Commenting on the figures, Toby Simcox, sales and business development manager at the International Homes Network, said Brazil is fast becoming a major global property hotspot.
He said that while the Games have produced a groundswell of interest in the country, it also offers investors strong fundamentals.
"The economy in Brazil is also very strong. It seems to have fared better than other major economies in the global economic downturn," said Mr Simcox.
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