Expert hails brazil's ‘stunning' yields

Brazilian property can offer some of the best rental yields found in the present economic climate, an expert has claimed...

With many global markets on the brink of recession, Brazil may provide a breath of fresh air for foreign investors keen to enter the property market.

Director of the Azure Overseas group, Frank Crowley, pointed to the South American nation's burgeoning economy based on soaring tourism and growing exports.

He said: "You will never hear me say a bad word about property investment in Brazil.

"The fact that there is still so much new development in Brazil, with new areas ... growing into newly emerging markets - Brazil property investment continues to be a very good idea."

He added that a potential 12 per cent yield on property remained very attractive considering the global economic climate.