According to a recent research published by Fundação Getúlio Vargas (FGV) – one of the most respected Brazilian economical institutions -, the purchase of properties (second home) by foreign tourists already generated a total of US$ 646 million in direct investments in Brazil. Among the major investors are the North Americans, Spanish and Italians, who transferred to Brazil 102, 82 and 63 million dollars, respectively.
The total amount invested by Europeans comes up to US$ 450 million. According to FGV’s study, 79% of the investors already knew Brazil and 76% mentioned “sun & beach” as the main reason for their investment.
Fortaleza Real Estate blog 
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