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ImoInvest Brazil, Acquisition and development of real estate, leisure and tourism projects.

Brazil 'offering rental opportunities'

Brazil 'offering rental opportunities'

Overseas Property News , 30/10/2007

Resort Group International (RGI) has said that Brazil's expanding residential tourist market is offering good opportunities for overseas property investment.

Lifestyle resorts have prompted an increase in tourism in the country, the firm has said, with millions of dollars being funnelled into the sector by the government.

RGI also pointed to a recent study by Goldman Sachs which said that Brazil will be the world's fifth largest economy by 2050 in support of its claims.

"With the recent launch of lifestyle resorts there is a whole new market opening up – residential tourism," said Danielle Murphy, account manager for Brazil at Resort Group International.

"With the development of these resort properties close to or on the beach with golf, equestrian, hotels and spas, buyers are now viewing Brazil as an extension to the Caribbean and even the Algarve.

"The major attraction is that anyone buying property will open up the potential rental market to Brits, Europeans and Americans who see Brazil as an alternative to the overdevelopment of some Mexican and Caribbean resorts," Ms Murphy added.