Discover why Northeast Brazil is a property hot spot and why investors and REITs can’t get enough of real estate in region, whether it’s residential, hotel or logistics.
Hotels in Northeast Brazil saw a big jump in bookings in July and sales are strong for summer 2021/22. As a result, analysts believe next summer will be the best ever for this region.
Make 2021 the year you invest in real estate in Northeast Brazil. Read our 9 compelling reasons why this year ticks all the boxes for this investment asset.
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.
Fortaleza Airport has completed the first stage of large-scale investment involving major upgrades and expansion throughout the entire airport. Its completion brings Ceará airport infrastructure to the standards seen at the world’s largest airports.
Ceará hotels look set to reopen at the beginning of July in preparation for the corporate tourism season. Hotels in Fortaleza and Ceará are reasonably optimistic for the second half of the year. July inaugurates the corporate travel season in the state and despite covid-19, analysts expect it to be business as near as normal as possible.
There were 97.1 million passengers registered last year. These figures show a tourism increase of 1.8% according to the National Civil Aviation Agency. Also, Anac data showed that the state of Ceará received 129,400 international visitors in the first half of 2019.
Brazil’s economy increased by 0.6 per cent in the third quarter of 2019, beating experts’ expectations and bolstering hopes of a cyclical improvement in Latin America’s largest country. Compared with the same quarter last year, the economy grew by 1.2 per cent, above analysts’ expectations of 0.9 per cent.
The country’s services sector activity jumped in September. The 1.2% rise from August was the biggest month-on-month increase since August 2018 according to government statistics agency IBGE figures. It was almost twice the 0.7% rate of expansion expected in a Reuters poll of economists.
Ceará carries on improving every aspect. Latest figures from the quarterly report of the General Coordination of Labor Immigration (CGIL), show an increase of foreigners that invest in the state.
Gustavo Montezano, president of Banco Nacional de Desenvolvimento Econômico e Social, stated at the Brazil 2019 Investment Forum, that Brazil is at the lowest historical level of interest. The current interest rate in Brazil is just 2%, showing the potential of Brazil.
Ceará is once again the fastest growing state in terms of international tourists. According to data from the National Civil Aviation Agency (ANAC), from January to August 2019, Ceará increased foreign visitors coming to the state using direct flights by 74%.
Ceará has broken the Guinness World Record by having 596 kite surfers in the clear water of the Atlantic coast at the same time over a 2 km route.
The economy of Ceará grew at twice the national rate in the second quarter of 2019. The gross domestic product (GDP) of Ceará, between April and June this year, closed at 2.08%. Which shows an increase compared to the same period last year.
The Fortaleza Airport increased by 99% the number of foreigners in the first half of this year. There have been 129.400 visitors only counting direct international flights. Pernambuco ranks second with 118.900, and Bahia in third place with 115,000 tourists.
There is more good news for Ceará. Not only aspects such as tourism or economy are improving. Unemployment in Ceará has decreased drastically over the last years.