According to a survey by Currencies Direct, Brazil is  the ninth most popular investment location for Brits abroad...

The markets of Turkey, Bulgaria and Dubai took the top three places while Thailand, India and Poland also made appearances in the top ten.

Mark O'Sullivan head of trading at Currencies Direct, said:

“There are a number of aspects about the country which could encourage people to invest there, including its tropical climate, dramatic scenery, upbeat culture and potential annual occupancy rates of about 30 weeks”.

There have been elements to the country which may have put some buyers off, Mr O'Sullivan said, but money and time have been invested in solving its problems and supporting growth.

Dual benefits

Nicholas Marr, CEO of investment group Marr International, said:

"The land is unbelievably cheap and the real is strengthening as well, so people are winning twice -  on low property prices, which are set to rise and also the strengthening currency".

According to the CEO, one of the most attractive areas for Brazilian property investors is Fortaleza, in the north of the country, where five-bedroom villas have been selling for around the £90,000 mark.

This destination is currently a popular holiday location with Brazilians themselves, but as yet is fairly untouched by foreigners, especially Britons, owing to the lack of direct flights.

Mr Marr said that, once access to the region is improved, it is likely to become "quite attractive" to overseas investors in Brazilian property