If you’ve ever considered investing in Brazil, now might be the right time. Sure, Brazil’s facing an uphill battle with the coronavirus epidemic, and there’s a level of political uneasiness. And yes, it’s economy has taken a hit. But that’s exactly the point.

If you follow a buy low, sell high strategy, Brazil could be an ideal investment. With an exchange rate of more than BRL$5.00 to every US$1.00, the strength of the US currency may just get you that dream condo on the water you’ve been eyeing for years - all at a discount.

While you’re at it, you might consider a longer stay. With a BRL$1 million (approximately US$200,000) investment in an urban property, you’ll be eligible for a two-year temporary investor visa. Don’t worry though - it can be renewed if you want to stay longer. Just make sure you’ve considered the potential tax consequences of your stay.

It’s unclear how long Brazil’s currency will remain at the current exchange rate. A year ago, the rate was as low as BRL$3.72 to US$1.00; the five-year low is BRL$3.08 to US$1.00. In May of this year, it reached a ten-year high - BRL$5.93 to US$1.00.

If you’ve been thinking about international investment opportunities, Brazil could be the spot. Just make sure you do your due diligence so know what you’re getting yourself into. Buying a property anywhere, let alone as a foreigner in Brazil, isn’t something to jump into.