Britain And Ireland Real Estate Blog

Brazil’s economy is not being unduly affected by economic problems in the US, experts have insisted.

Independent analysts Amberlamb stated that it was generally accepted that the rest of the world would suffer if one of the world’s major economies starts to decline.

However, it said Brazil was apparently bucking in trend and holding its own in the face of the US downturn.

Amberlamb attributed this to the government’s efforts to diversify its own economy, as this has made it more resilient and robust.

As a result, it has encouraged verseas property investors to keep Brazil in mind when considering a purchase abroad.

The organisation commented: “There are fantastic fiscal fundamentals supporting Brazil’s property sector.”

Brazil was recently highlighted by the Foreign Property Website as a location that offered strong investment potential.

According to the online portal, rising land prices were pushing up the value of property in many areas.

Many families in the UK are choosing to take holidays of just three or four days, a new study has found.

According to research by Holiday Inn, only 48 per cent of people intend to go on a traditional two-week break with their children this year.

The firm cited a number of reasons for this trend, such as parents being unable to get enough time off work and difficulty getting the same dates as their partner.

As a result, people are increasingly choosing to use their holiday allowance throughout the year and go on about three or four short breaks throughout the year. This is good news for those thinking of buying buy-to-let property abroad.

Holiday Inn said that as well as having a positive impact on the family unit, this was also proving to be more cost-effective than travelling abroad during the peak tourist season.

Chris Hale, spokesperson for the company, remarked: “Why spend your hard earned cash on one big holiday when three or four breaks a year is less stress, less money and a lot more fun?”

Earlier this week, Lastminute.com predicted that Morocco would be a highly popular holiday destination this year, along with the Cape Verde islands.

Egypt’s popularity among holidaymakers from the UK could potentially boost its investment potential.

According to the Association of British Travel Agents, the north African country is likely to attract a significant number of UK tourists in 2008.

As a result, people who let out property in hotspots such as Sharm el-Sheikh could find their residences are subject to strong demand this year.

This could have the positive consequence of boosting its value and allowing investors to collect higher rental returns.

Speaking to BBC News, spokesperson Frances Tuke said the growing appeal of Egypt is a reflection of changing habits in consumer’s destination choices.

She commented: “People are becoming very demanding in their holiday choices.

“They want to be a bit more adventurous.”

Egypt was recently recommended to foreign property buyers by the BuyAssociation website, which said it was one of the most popular winter sun destinations among Britons.