Brazil property popularity to lead to money transfers

Rising investor interest in Brazilian properties is expected by the International Homes Network.

Toby Simcox, sales and business development manager at the property specialists, said that he was expecting an "influx" of enquiries and that the South American nation is now a "hotspot".

The comments follow the release of research from Colordacy, showing that there has been a 60 per cent increase in investor interest since the announcement that Rio de Janeiro will host the 2016 Olympic Games.

Moreover, the 2014 football World Cup will also be held in Brazil.

Increases in the popularity of Brazilian property among UK buyers could also bolster the international money transfer sector.

Mr Simcox said: "Brazil is so much at the forefront of everybody's minds. If there is a hotspot at the moment, then Brazil certainly is the hotspot. I'm expecting an influx of enquiries for Brazil and, certainly because of the sporting events that are happening there, it is making Brazil far more of an interest than it would have been otherwise."

He added: "It is a case of looking at each development and each property on its merits regardless of its location."

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Posted by Tom Papworth