BRAZIL could offer large returns for property investors, according to a Yorkshire-based company.
Leeds-based international property investment firm Emerging Real Estate said that a transformation is taking place, as Brazil prepares to host the 2014 World Cup.
A survey released recently by UK-based property consultancy Knight Frank found that house prices in Brazil rocketed by 15.2 per cent in the 12 months to the third quarter of 2012.
Tim Morgan, the chairman of Emerging Real Estate, said: “Forbes is forecasting that the World Cup will bring in around £36bn into the Brazilian economy by 2014.
“By 2012 Brazil had invested almost £7bn in infrastructure projects such as stadiums, airports, improved roads and public transport, improving the lives of ordinary Brazilians and also making the country even more attractive to prospective investors.”
Emerging Real Estate will soon be offering new investment opportunities in Brazil for investors with a social conscience as part of the ‘Minha Casa Minha Vida’ programme – which means My House My Life – and which aims to ease the chronic shortage of housing in the country.
Mr Morgan said: “The initiative was designed to build and provide affordable housing for people on low to moderate incomes and harnesses investor funds to build the properties.
“The programme aims to build three million homes over five years.”