Tampa Bay property turns out to be one of the best deals in the US when it comes to beachfront homes. The coastal location of Port Richey offers the cheapest waterfront property in the entire country, but this may not last for long because sales and prices of single family homes rose significantly in June.
Proof that the world’s key sporting events are a major generator of tourism comes in the latest statistics for international tourism in Brazil in 2014. Foreign visitors to the country last year increased by over 10 per cent to exceed the 6 million mark, a rise attributed largely to the FIFA World Cup tournament. A recent government survey has revealed that Brazilians have big travel plans this year with Northeast Brazil featuring as the preferred destination.
The Florida city of Jacksonville has become one of the employment hotspots not only in the Sunshine State but in the US as a whole. Creating thousands of new jobs, particularly in the technological sectors and attracting multinationals, the city is also registering some of the highest increases in prices for property in Florida.
Property in Houston reached record heights in June, confirming the city’s potential as one of the hotspots for US property this year. Monthly sales were the best ever and median prices reached a historic high, ahead even of those registered in 2014 a record year in itself.
June figures for property in Florida show more sales, higher prices and lower supply as the Sunshine State continues to attract new residents. The market for single family homes in Florida is particularly buoyant with two-digit price rises and booming sales.
Three major investments have arrived at Pecem Port, near Fortaleza in Ceará, Northeast Brazil. Between them, they will create hundreds of new jobs in the area and boost the port’s position in the world ranking for logistics and cement production.
The US real estate industry is “strongly confident” about the outlook for market conditions over the next six months. Optimism levels soar for sales of single family homes in Florida and Texas, and price rises for property throughout the country are expected to be at 3.6 per cent over the coming year.
The economy in Ceará in northeast Brazil continues to move in the opposite direction to the rest of Brazil. In Ceará, the property market, car sales and the industrial sector are all growing while those in the country as a whole register negative numbers.
Average rental yields on US property showed mixed results during the first five months of this year. Some counties registered year-on-year rises, whilst in others there were slight decreases as the housing market stabilised. However, overall, buy-to-let property in the US continues to be “a brilliant strategy”.
July promises to be an excellent month for tourism in Ceará, a state already leading Northeast Brazil in the creation of tourism-related jobs. Along with high hotel occupation, holiday lets in Ceará are booming as Brazilians continue to choose to holiday in this part of Brazil.
More buyers, increased sales and higher prices are set to characterise the US property market for the rest of this year. With the job market booming and the US economy growing, experts predict the housing shortage will continue at least until 2017.
The latest report on competitiveness in tourism reveals that the US ranks fourth in the world and that Brazil tops the listing in South America. In addition, Brazil has risen 23 places in the table and tipped as one of the strongest emerging markets for international tourism expenditure.
The US remains attractive to worldwide investors who spent more than ever on property there last year. Florida property continues to appeal to most foreign buyers who show an overwhelming preference for single family homes in suburban areas.
With just over a year to go before Brazil welcomes the next Olympic Games, the host city Rio de Janeiro continues to dominate the Brazilian property market rankings. Not only is Rio the most expensive city in Brazil to buy a property, it also tops the rental rate lists.
May figures for property in Florida show a market with rising indices. Sales and median prices have both increased in what experts are describing as a robust market. The only decreases can be found in inventory levels, now declining across the board, a situation that is expected to herald further rapid price rises.
Statistics for the Ceará economy released last week show this state in northeast Brazil flying high above the rest of Brazil. The Ceará economic figures are particularly strong in the tourism sector where Ceará continues to make its mark as one of the top destinations for a holiday in Brazil.
