Brazilian property values set to increase

Date added: 6th August, 2008 at 11:05 (view all articles from August, 2008)

Categories: Economy

Overseas property buyers could benefit from capital appreciation in Brazil, a media outlet has suggested.

According to the Times, house prices in the South American nation are set to go up over the next few years.

This, it said, is because a number of plans to improve the environment in many parts of the country are set to be implemented.

For example, a new rail link between Sao Paulo and Rio de Janeiro is to be introduced, which will cut journey times to just one hour.

It is expected that the new service will be up and running before the football World Cup comes to Brazil in 2014.

Commenting on the plans, the Times said: "Planned infrastructure improvements should give [house] prices a further push."

The 2014 World Cup will be only the second time that Brazil has hosted the football tournament and the first World Cup to be staged in South America since 1978.

However, it is the most successful nation in terms of the game itself, as Brazil have lifted the trophy a record five times.

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