Brazil is the best place to invest says Colordarcy

Overseas property investment advisor Colordarcy has named Brazil as its number one buying destination for 2011.
According to Colordarcy director Loxley McKenzie it was a "toss up" between Brazil and Turkey as to which country came out as its best investment tip for next year.
"Both have been completely stabilised," said McKenzie, "and reformed for the better by two terms of excellent governance. Both now have stable and rapidly growing economies, and both are seeing growing affluence in the population which will cause demand for housing to outstrip supply by a large and increasing amount."
The discovery of oil in Brazil and the awarding of the World Cup in 2014 and the Olympics in 2016 also helped to clinch it for the country.
Colordarcy's third choice investment destination was the USA. The firms says high repossession rates in the US highlight Florida as a place where there are "opportunities to buy, not only distressed or repossessed properties, but also discounted new-build homes at up to 60% below replacement costs."
Egypt was named the fourth hottest investment destination for 2011 because, says McKenzie, it is a "typical emerging market investment" where "the formula is simple; low prices and high growth."
"On a comparative basis, prices in Hurghada and Sharm el-Sheikh are some of the lowest in the world."
Next came Vietnam where, says the report, "GDP grew 6.3% in 2008, 5.3% in 2009 and is on track for similar growth this year. The Asia Development Bank is forecasting 4.5% growth this year, the IMF is predicting 6.5% growth this year and 6.8% next year."
Colordarcy likes the fact that these growth rates "look sustainable, and that Vietnamese property is still priced comparatively low compared to its peers ... Vietnam will hot up in 2011