Brazil will be an 'attractive place to invest'

Brazil is an attractive possibility for property investors at the moment and it is likely to do well this year, an industry expert has suggested.

The current global market means there are not many places that people are optimistic about investing in but the Latin American country is one of the only markets that has emerged recently, explained BuyAssociation.

Brazil's economy is strong and the government has looked after the currency in the current exchange market to ensure it does not over stretch itself, stated property editor for the website Paul Collins.

He said: "It is in a pretty good position - compared to a lot of other economies around the world - to do pretty well this year."

Brazil is also increasing in popularity as a holiday destination for Americans and UK citizens, Mr Collins added.

According to BuyAssociation, larger plots of land in the South American country are often undervalued and there have been reported costs of around £5 per square metre.

Brits using a money transfer system to make an investment in Brazil could find a real bargain. The website also states that established developments cost around £20,000 for a 1,000-square metre site.