According to the latest survey from the Royal Institution of Chartered Surveyors, developing economies in Latin America and Asia have been demonstrating confidence about their future, with the markets leading the way in terms of the property and economic revival.
Much has been made recently about the strength of these emerging markets, with several commentators offering their opinions on the long-term outlook for the destinations.
Brazil is no stranger to these claims, with an increasing number of people suggesting that its strong economy and hectic sporting calendar could make it an ideal destination for investors looking to buy property.
"Brazil is emerging from the crisis and next year we are going to have surprising growth, " president Lula da Silva said last year, and it would appear that the country's leader was aware that Brazil would be one of the forerunners to rebound from the economic slump.
Perhaps the main draw to the South American country is the forthcoming sporting events that it is set to host. Both the 2014 Fifa World Cup
and 2016 Olympic Games will contribute towards a spike in Brazil's tourism market as well as ensuring that transport and infrastructure throughout the country are improved.
Added to this, the strength of Brazil's economy - which is expected to grow by seven per cent over the course of the year - seems certain to ensure that the country is a popular future choice for investors.
According to an article by Brazilian news provider Globo, property prices in the country have been experiencing unprecedented growth, with real estate in some regions doubling in value in recent times.
Both Sao Paulo and Rio have experienced 100 per cent growth in property value over the past five and two years respectively, while prices in Brasilia have enjoyed 50 per cent increases in the last two years and Recife 60 per cent in the past year.
Provided the Brazilian government is able to keep inflation to a minimum and retain control over the rate at which its economy is expanding and growing - while its infrastructure remains weak and the national deficit is still high - the future looks bright for investors heading to South America, with plenty of opportunities to make a profit.
- Thursday 06 May 2010