Article: The Business, London, Cheryl Taylor column.

Byline: Cheryl Taylor

Jan. 17--British investors are looking further afield for second homes and buy-to-let opportunities. Their targets range from beachside villas in Brazil to high-rise apartments in Shanghai.

--Brazil

With year-round sunshine, magnificent beaches and a low cost of living, Brazil is taking off. Prices in holiday developments along the northeast coast are rising by more than 20 percent a year as Britons discover its charms. Properties along the Coconut Coast of Bahia, north of Salvador, cost a fraction of those in the Caribbean. You can still buy a beachfront flat for [pounds sterling]24,000 and a villa from [pounds ...

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