Brazil recommended to foreign property buyers
Overseas property investors have been encouraged to consider purchasing a residence in Brazil.
The South American country was highlighted by the Press and Journal as a possible option for second home buyers partly because of its association with the James Bond films.
Indeed, the 1979 film Moonraker famously showcased Rio de Janeiro during a fight on a cable car involving Roger Moore's 007 and Jaws.
According to the Press and Journal, Rio is particularly popular with holidaymakers, giving it a strong rental sector.
However, the newspaper also pointed out that since it is still considered to be a developing market, property values are relatively low.
"Bargains can be easily found, with two-bedroom houses in the region of £40,000," the Press and Journal commented.
The publication added that coastal properties are particularly popular with overseas property buyers, as they offer the best potential for collecting strong rental yields.
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