On the back of strong demand and low supply, the Ceará property market is set to grow by 10% this year. Analysts point out to a busy period for the sector between now and 2023. Find out why.
Investment to the tune of over US$17 billion is on the cards plus major job creation at Ceará green hydrogen hub over the next few years. At least 5,000 jobs will be created including hundreds for highly qualified professionals.
The Ceará economy has posted excellent results for GDP growth so far this year, ahead of the rate for Brazil. The figures, together with large-scale investment from foreign companies, mean that there’s widespread optimism in the state.
Direct connections between Ceará and Paris should resume in June heralding the return of international flights to Fortaleza. KLM and Air Europe are expected to follow suit later in the year as Ceará gradually recuperates its busy tourist market.
Two Australian companies are to invest over US$10 billion in Ceará in green hydrogen, ammonia production and wind energy. The investment will firmly place Ceará on the renewables energy map as well as create quality employment in the state.
Mortgage lending in Ceará in Q1 2021 almost triples in the year with March figures particularly strong. Analysts believe that the trend will continue throughout 2021 leading to shortages in supply and rising prices for Ceará real estate.
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.
Fortaleza ranks as one of the top 5 places in the world for the best beachfront investment. The capital of Ceará offers a good choice for a rental investment and exceptional value for money because of preferable exchange rates in dollar terms.
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.
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.
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.
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.
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.
A shift in lifestyle preferences makes vacation rental accommodation more attractive than ever in Brazil and demand for Ceará holiday lets have pushed prices up to 20% higher. Holidaymakers are also turning their attention to new coastal destinations in the state including Flecheiras, opening up the horizons for buy-to-let investment.
