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.
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.
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”.
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.
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.
The Ceará property market registered high increases for sales and sales value in August for all types of new builds. The rises in sales of new second homes and villas were particularly high in year-on-year terms and reached triple figures in both cases.
Sales of property in Ceará went up by 78% in the year to July, indicating strong demand within the market. Mid to high-end properties were the most sought-after. The state also registered its third consecutive month of increases in mortgage loans auguring well for the market in the autumn and 2021.
BRIC Group has just launched a new website for The Coral resort, a high-end property development in Northeast Brazil. The website features all aspects of the resort with dedicated sections to investment options, location and the latest development progress.