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The overseas property market in Brazil is booming as a growing number of Britons become interested in investing in alternative market to Europe, according to Homes Worldwide.

The country's success is attributed to its excellent climate, low living costs and stable economy.

"Foreign investors are attracted away from more saturated markets in Europe and the US," he said.

"Brazil is fast becoming an area of international foreign interest and with the right ingredients, financial gains look extremely promising."

He cited findings by the UK's Property Investor and Homebuyer Show that shows that capital income in the Brazilian property market has grown by around 20 per cent over the past few months.

In April, an overseas property portal that promotes international real estate reported increased activity in the Brazilian market.

Homesgofast.com said that the property market in Brazil is changing as buyers move away from off-plan investments in favour of land purchases.

http://www.afloridarealtor.com/property/hotproperty/property/Brazil/