Ceará luxury property booms during the pandemic with sales values doubling on the back of strong local demand. Analysts expect more of the same for the high-end sector during 2021.
Ceará is to install a green hydrogen hub at Pecem Port as yet another contribution from the state to a carbon neutral footprint. The project that already has the backing of the state government, will attract considerable investment and job talent to the area.
The latest estimates of the housing shortage in the US put the deficit at almost 4 million single-family homes. The strong demand for property increases the shortfall by over 50% in just threes years, highlighting the acute lack of inventory in the US real estate market.
Fortaleza property market saw a 5% increase in new-build sales in 2020, confirming the consolidation of the market. The high-end sector saw particularly strong growth on the back of high demand.
When it comes to choosing between the stock exchange and real estate investment, Americans overwhelmingly opt for property. Their motives include the higher returns and less volatility found in property assets.
US commercial real estate leads the world market with US metros taking 16 out of the top 30 positions. Canadians, South Koreans and Germans are the biggest investors with industrial property and multifamily residential the preferred property types.
The strong dollar means currency opportunities for investors with Brazilian real estate offering the best in 2021. Exchange rates this year mean that Brazilian property is the world super champ when it comes to greenback buyers.
Florida ranks as the tenth among the best US states in 2021, up three positions since the last US News survey. The state does particularly well on education, economy and fiscal stability. And according to Forbes, is the fifth best state for doing business this year.
New trends for Brazilian tourism in 2021 show a preference for quieter destinations without the crowds and for vacations outside high season. These will continue to boost the popularity of natural locations such as Flecheiras in Ceará, Northeast Brazil.
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New lifestyle preferences mean tenants in US rentals want more open-air amenties and more space rather than cheaper rates. Renters also plan to move neighbourhoods but in the same city.
The US real estate market starts the year on a strong note with the highest sales since 2006. Prices also soared by over 14% and inventory levels sank still further. Analysts point to a busy 2021 with buoyant sales through Q1 and Q2.
Luxury residential real estate performed well in 2020 with price rises across the globe. UHNWIs showed a strong perference for resort and coastal property and extra outdoor space.
2020 saw a record year for Florida property. Sales for single-family homes and condos properties rose by over 23% in Q4 with prices also seeing double-figure hikes. The surge in transactions has brought supply levels even lower with no sign of inventory levels increasing in 2021.
After a strong finish to 2020, the Ceará property market has started 2021 with a flourish. Mortgage lending figures in January were almost four times higher than a year earlier as low interest rates and good-value properties continue to attract buyers to the state.
The Coral has just received the Traveller Review Award for 2021 for one of the top ten places to holiday in Ceará. The accolade places the 5-star holiday resort up with the very best in the world this year.