RIO DE JANIERO, BRAZIL-The real estate country of the year award should go to Brazil, which has turned its economy from high risk due to hyperinflation, debt and volatile currency into an attractive investment vehicle with a mounting middle class and high GDP (compared to the rest of the world). An Ernst & Young survey says this celebration could go on, as many savvy investors say they plan to put at least a toe into the Brazilian pool.

Rogerio Basso with the company conducted the survey of 60 international investors, including private equity fund managers, investment bankers and real estate developers. He says 40 of the respondents said they have earmarked investment dollars in the next two years.

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