Sporting events 'should boost brazil property investment'

People looking for property in Brazil may want to find somewhere sooner rather than later after one expert noted that the sporting events due to take place in the country over the coming years may boost prices.

Mark Sharp, chief executive officer of the Association of International Property Professionals, explained that based on other locations that have hosted the Olympics and World Cup, real estate values could increase by as much as 25 per cent.

"Experience from around the world tends to show that, on the whole, big tournaments have a positive effect on property prices," he stated.

Brazil is gearing up to host the football World Cup in 2014 and two years later it will be holding the Olympic Games.

Source: PropertyShowrooms.com