Investors advised to look at Brazil
Overseas property investors have been encouraged to consider purchasing a residence in Brazil.
The South American country was recommended by the Times, which said it offers a better investment climate than places such as the UK.
According to the newspaper, foreign buyers spent nearly £370 million on property in Brazil last year.
Nearly a tenth of these were said to be British, although it added that the market is largely dominated by Americans, Italians and Spaniards.
The publication cited Brazil's natural attributes, such as its good beaches and sunshine, as a reason for its current popularity with foreign buyers.
However, it stated that the potential to make money from any investment is also drawing many people to the country.
The Times commented: "With Brazil getting ready to host the World Cup in 2014, investors may also expect reasonable returns."
Although Brazil has only staged the World Cup once before, it is the most successful participant in the competition, as it has won the trophy an unprecedented 5 times.
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