Weak Brazilian currency 'stimulating tourism'

Consumers planning to invest in foreign property in Brazil might want to take a trip to the country to view potential offerings while it is cheap to do so.

According to travel specialists Journey Latin America, the region's declining currency over the past year has led to a rise in tourism in Brazil.

Laura Rendell-Dunn, Journey Latin America's press and marketing executive, commented that while average prices for flights to the country came in at about £700 last year, they can now be found for just under £500.

With this in mind, those thinking of making a journey to the country to look at foreign property might find that now is the best time to make a currency exchange and fly over.

"I suppose it would depend on the duration [visitors] are travelling for, [but] if they want to travel for a long time, then it makes sense to go to a country where the cost of living is going to be a lot cheaper than somewhere else," Ms Rendell-Dunn stated.

Speaking to the Independent recently, Oliver Watson, regional managing director of international recruitment consultant Michael Page, said that Brazil's economy should be steady in the near future, which may be good news for those planning to transfer money abroad.