Property in Brazil

There is a very interesting post in the Brazilian section of the Property Community Forum which covers the subject of currency variations between the US dollar and the Brazilian Real. Many people may have missed the fact that the Brazilian currency has weakened substantially against both the US dollar and the British pound for instance. This may surprise many because both the American and British currencies have been under substantial pressure themselves over the last few months.

The Federation of International Football Association (FIFA) has recently confirmed that 17 Brazilian cities are under consideration for the 12 host cities required for the 2014 World Cup to be held in the country. Traditionally there are only 10 cities able to partake in the World Cup but for Brazil 2014 this number has been expanded to 12 of the 17 put forward. There is intense speculation about some of the smaller cities and whether they will receive the "nod" from FIFA which could in some cases lead to a potential property bubble and substantial international interest.