With an increase of over 32% so far this year, mortgage loans in Ceará are at their highest since 2015. They reflect a very busy market, currently experiencing its best moment for years. Analysts believe that this trend will continue well into 2021 as buyers take advantage of record low interest rates.
In Q3, US house prices rose across the board with 65% of metros registering double-digit increases. Single-family home prices rose in every one of the 181 metros included in the NAR report as the market shows no signs of flagging in 2020.
Pent-up demand and rock-bottom mortgage interest rates push sales of new properties in Brazil to record levels. Figures for new-build sales in September went up by 23.7% in the year while mortgage lending soared by 44% in the first nine months of the year. Analysts predict a busy end to the year for property in Brazil with excellent prospects for 2021.
Recent FDI and a surge in IPOs have brought the economy in Ceará to the forefront in Northeast Brazil. The number of foreign investors has more than doubled since 2010 and Ceará companies account for more than half those from Northeast Brazil on the stock exchange.
The trend for staycations and search for new homes lead to busy winter for short-term lets in Florida. Rates look set to double in some areas predicted to see record levels of occupancy. According to new survey data, staycations are here to stay during 2021 as well.
Prime property prices continued to rise across the globe in Q3, according to the latest Knight Frank Index. 62% of the cities in the survey registered an increase with an overall rise of 1.6%. North America was the best performing region in a year where domestic demand is driving markets and investors are looking to property as "a safe and tangible asset".
Discover why record low interest rates and changes in lifestyle trends means that the Brazilian property market is heating up and leading the economic recovery. According to analysts, the sector is “experiencing its best moment for years”.
A recent study reveals that the Sunshine State is an even bigger favourite for relocation after lockdown. The new trend is particularly visible among Americans from the Northwest and East with New Yorkers especially keen to move. The implications for Florida population are huge.
Mortgage loans in Ceará surged in September, beating the record in August and registering an increase of 156% in the year. Analysts believe that 2020 will set a record for mortgages in Ceará generally as buyers flood the market.
Builder confidence in the US reached an all-time high in October after a record September. This together with a surge in demand and the increase in single-family home starts and sales leads experts to believe the market has excellent potential in the short and medium term.
With the backing of the US, Brazil is set to become an OECD member in 2021. The country has already completed two thirds of the preparatory requirements and is making good progress with its ambitious reform programme. This augurs well for investors in Brazil.
Discover why Florida takes 13 out of 25 spots in rankings for the best place to retire in the US 2020/21. And why Sarasota is the best of all.
Tourism in Ceará registered the highest monthly increase in Brazil in August, over four times than the national average. The rise in Ceará was 85.4%, almost double the increase registered by its nearest competitor. The figure shows that the tourism sector is back on track in Ceará.
The US rental market is set to see a surge in demand as more and more would-be homeowners find their plans to buy frustrated. The combination of high demand, low supply and tighter lending conditions is driving prices up. And for every US$1,000 rise, some 150,000 buyers will be disappointed.
Ceará recently received the WTTC Safe Travels seal, awarded to destinations that comply with World Health Organization health and hygiene protocols for covid-19. The seal means that Ceará offers a safe destination as Brazilians travellers return en masse to one of their favourite holiday spots.
Price hikes, lower inventory levels and fast sales in September set the tone for an unusually busy autumn for the US property market. Competition for homes will be fierce and many buyers will not be able to purchase the property they want. As a result, opportunities for buy-to-let investment will open up even further.
