Investors who are still re-playing the famous scenes of the London Olympics in their minds, namely Usain Bolt's records and the 'mo-bot', need to look forward.
The 2014 World Cup and 2016 Olympics, both held in Brazil, are sneaking up on us and property specialists are encouraging investors to snap up property in the country, ahead of the boom that will be caused by the arrival of these famous sporting events.
Currently planning to invest as much as R$800bn to improve its infrastructure and, with the success of the London Olympics in our minds, investors are advised to look towards Brazil when considering overseas' investment options, particularly as current infrastructure projects have led to a monumental rise in property prices.
The Olympic legacy of Rio 2016 will be celebrated just as much as the London 2012 legacy, which has been championed throughout Britain and not only for sporting reasons.
Financially the Olympics in Britain will be beneficial in the long term; the legacy phase of 2012-17 is expected to bring an additional 1.1million visitors worth £900m following the London Olympics. This effect will be much the same in Brazil and the investment is anticipated to go far beyond the four years of sporting reverie.
More than 300,000 tourists attended the 2010 World Cup in South Africa, tourists who stayed for a week or more, pumping millions into the economy by spending on meals, entertainment and accommodation.
Rio is already the most visited city in the Southern hemisphere attracting over 2.8 million tourists annually. The World Cup and the Olympics are projected to be costing Brazil over R$30bn and this spending on infrastructure is certain to draw in more tourists. The two sporting events will present Brazil with the opportunity to show these progressions on a global stage, attracting people, and investment, from around the globe.
Mike Sefton, Senior Property Consultant at the firm comments, "The growth of Brazil's real estate market is set to continue. The market has real longevity and I expect it to keep rising for at least five more years. The population of Brazil is now largely middle class, which means there are increasingly more people in the country who have the capital to buy property.
To enquire about the full range of investment options available through Knight Knox International in Brazil, please contact the firm directly on 0161 772 1370 or Click here for their website.
Don't miss the feature on Brazil in next month's new issue of A Place in the Sun magazine, out on 4 April.
Search for property for sale in Brazil on A Place in the Sun.