A Brazilian government official has praised the performance of the country's economy in recent years.
Sports minister Orlando Silva said Brazil is currently enjoying an economic boom that could put it in good stead to host major global events.
Indeed, Brazil staged the Pan American Games last year and is set to host the football World Cup in 2014.
This has prompted the government to submit a bid for Rio de Janeiro to host the Olympic Games in 2014 - a development which could stimulate further economic growth in the country.
Mr Silva told the Associated Press: "The PanAm games were a great success and gave Rio credibility."
"This would be the first Olympics in South America," he added.
The success of the bid could potentially enhance its investment potential and lead to more people buying property for sale in Brazil.
According to NuBricks.com, the country is an "overseas property hotspot" which offers "untapped potential" to foreign buyers.
http://www.realestatetv.tv/news/brazil_has_strong_economy-18618535.html
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