Real estate in Brazil has just become more affordable for foreign buyers as the Brazilian real currency depreciates against the US dollar.

Brazil's Real currency is depreciating against the US dollar and the British pound, enabling foreign buyers to take advantage of rare housing bargains in the Latin American nation. apartment

According to Brazil specialist estate agents uv10, the Real has been weakening for the past 12 months, down 28 percent. In the summer of 2011, for example, a foreign investor could get 1.56 Reals for every US dollar. In today's market, a dollar is worth around two Reals.

That means a house worth 200,000 Reals last year will cost $128,205 in US dollars. It will now only cost $100,000.

Because of the strength of the pound against the Brazilian real, property in Brazil is now much more affordable for British buyers.

"The British pound is trading at a two-and-a-half-year high against the Brazilian real," Samantha of uv10 says. "This means that a five-star, two-bedroom beachfront apartment south of Natal would have cost £111,617 on June 1, 2011. However, the current expense is about £90,564."

The capital and largest city of Rio Grande do Norte, a Brazilian state in the northeast, is Natal. The silver beaches of Natal attract visitors all year. Property in Golden Fields, Natal, starts at about £48,800 for a two-bedroom unit.

Finance Minister Guido Mantega is one Brazilian who sees a bright side to the falling Real. He claims that the weakening Real makes Brazilian goods more affordable. As a result, he claims, Brazilian industry will be able to better compete with imported goods that are becoming more costly. According to the finance minister, the weaker Brazilian currency allows the country to export more.

Brazil will host the FIFA World Cup in 2014, and Rio de Janeiro will host the 2016 Olympic Games.

Samantha continues, "Tourist arrivals are continuing to increase, boosting the country's economy, which grew by 2.75 percent in 2011. According to data from the Ministry of Tourism, 5.4 million people visited Brazil last year, up 5.3 percent from 2010 "igures," he says.

In Brazil, Best Western International has opened its 17th hotel. At the five-star Best Western Premier Majestic Ponta Negra Beach, one of Brazil's most popular vacation destinations, it's the Best Western Premier brand.

By 2017, Best Western International expects to have 20 hotels in Brazil. Marriott is also expanding its presence in Brazil by adding 12 new hotels to its current five. Throughout the sporting events schedule, Marriott expects a hotel room shortage.

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