Foreign property investors and potential expats looking to take advantage of Brazil’s recent real estate boom need to act quickly to secure the remaining deals.
Such is the claim of Glauco Chris Fuzinatto, director for UK and Ireland for the Brazilian Tourist Office, who has declared that while many markets have now reached maturity, savvy investors will still be able to secure a bargain in areas such as the north-east.
"People who want to invest in Brazil are going to have to invest quite quickly because there has been a huge investment in the infrastructure so the housing prices are starting to get high," he commented.
Mr Fuzinatto added that investment in Brazilian real estate may be of particular interest to those who have seen the value of their native country perish in the fallout of the global financial crisis, as the Brazilian real still offers a decent exchange rate.
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