Investors urged to look beyond Brazilian tourist trade
Overseas property buyers have been advised to look beyond tourism-based investment opportunities in Brazil.
According to Amberlamb, the South American country also offers significant potential for returns in other areas.
The organisation said tourism accounts for only a small part of the Brazilian housing market, as there is high demand from the domestic population.
This means that people who buy affordable units in places such as Rio de Janeiro could enjoy significant capital growth in the long-term and rental income during the interim period.
Commenting on its investment potential, Amberlamb said: "Look at the local market and what it is demanding and what it can afford."
The organisation added that tourism is not the "be-all and end-all" for investors in the Brazilian property market.
Amberlamb recently revealed that the country's gross domestic product is likely to go up by 4.8% this year.
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