Turkey tops emerging investment index as Brazil breaks into top 10
Turkey remains the top emerging market property hotspot, and it has been joined in the top 10 by Brazil for the first time, according to a monthly index.
Currency Direct's Global Emerging Markets Index monitors the number of foreign exchange transfers in the respective countries, and Turkey has retained its position as the most attractive investment opportunity.
There has been movement in the top locations, with Latin America's richest country climbing to 9th on the list.
Mark O'Sullivan, head of trading at Currencies Direct, noted: "Brazil should still be considered a developing nation and with this definition come many positives and negatives that buyers should be aware of before making an investment."
He pointed to social problems in the country but also added that its "tropical climate, dramatic scenery, upbeat culture and potential annual occupancy rates of about 30 weeks, present plenty of reasons to buy property in Brazil".
Following Turkey at number 2 in the list is the emerging eastern European country Bulgaria.
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