Brazil Increasingly Popular with British Investors

A report in a British Sunday paper suggests that while traditional hotspots such as Spain, France and Cyprus are still popular, BRIC countries are rapidly making up ground.

In particular, Brazil was highlighted as an attractive location for landlords to expand their portfolios given that a growing tourism industry and strong economy are acting to push up prices.

"Investors have been clamouring to take advantage of rising prices," the Sunday Mirror commented.

This view has been echoed by analysts at residential and commercial property firm Knight Frank, who believe that Brazil offers considerable opportunities to overseas investors given the housing market's early stage of development.

In excess of £20 billion was spent by Britons on overseas properties in 2006, the Mirror details.