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Olympics success 'puts Brazil on the map'

News the Brazilian city of Rio de Janeiro has won its bid to host the 2016 Olympic Games has put a "massive spotlight" on the nation, says a property expert.

Brazilian real estate firm uv10.com suggests that the Olympic Committee’s decision is all the more significant as the Games have never been held in South America.

Commenting on the news, Samantha Gore, the company’s sales and marketing director, said the country is now "a world-recognised powerhouse recently elevated to ‘investment grade’ by the leading financial services companies and boasting the eighth largest economy in the world".

She added that expatriate workers living in the city would very soon feel the benefits of an improved infrastructure, while those living elsewhere would see a "ripple effect" across the property market.

Anyone renting out property in the north-east state of Rio Grande do Norte is likely to see a surge in demand from tourists travelling from Natal airport to Rio, noted Ms Gore.

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