Buyer preferences for property in Fortaleza are changing. With better access to the city and growing affluence, buyers are moving away from apartments to houses. The desire for space, privacy and security has led many to turn their attention away from the city centre and look outside Fortaleza for property. This BRIC Group news piece explains why.
One sector of the Brazilian property market is flying high despite the economic slowdown in the country. Luxury property in Brazil had an excellent year in 2015 – some properties sold for over R$80 million – and there’s every sign of a repetition of this in 2016.
Analysts looking back over the last year for the performance of property in Brazil are unanimous. Market conditions in 2015 were much better than many had predicted since prices rose rather than fell. And for the coming 12 months, experts are forecasting the year of the buyer.
Fortaleza has been highlighted as one of the hot spots for a New Year’s Eve holiday in Brazil by the Brazilian Tourist Board. This reinforces the popularity of Fortaleza holidays among both foreigners and Brazilians themselves.
Latest Ceará employment figures show a stable job market, creating a steady flow of jobs. Stand-out sectors in this state in Northeast Brazil include trade and hospitality, and reflect the area’s continued economic growth against a very different background nationally.
Recent awards for tourism in Brazil place Fortaleza at the top of the country for progress in competiveness. Fortaleza in the Northeast already stands out as one of the top places for a holiday in Brazil and this latest award reinforces its appeal.
A leading Argentinian broadsheet has discovered one of Northeast Brazil’s secrets - Trairi beaches in Ceará. Located half-way between Fortaleza the state capital and Jericoacoara one of the most famous beaches in Brazil, the newspaper finds that these four beaches offer quality of life.
Ceará consistently ranks as one of the top destinations for a holiday in Brazil and state authorities want this part of Northeast Brazil to reach even higher. Plans revealed in early October show Ceará tourism has big investment and expansion plans for the next few years.
Luxury property in Brazil remains untouched by the economic crisis although preferred locations have shifted. Northeast Brazil and Southeast Brazil now dominate searches with high-end property in Fortaleza the most sought-after.
Price rises for property in Fortaleza during Q3 this year were the second highest in the county and well above the inflation rate. Rental rates also rose in this Northeast Brazil capital where demand for property easily exceeds supply.
Tourism in Northeast Brazil stands to benefit hugely from the continuing strength of the US dollar. The high exchange rate favours domestic tourism and international visitor figures, both setting record levels for holidays in Northeast Brazil, particularly in Fortaleza and Ceará.
Ceará has come one step closer to its goal of becoming a hub for the Brazilian airline TAM. If successful in its bid, the economic benefits for Ceará will be huge. Some 35,000 jobs will be created and over R$9.9 billion injected into the state economy.
Once again, BRIC Group, developer of Brazil property atThe Coral, a 5* star resort located on the stunning tropical beaches of Northeast Brazil, has scooped another set of International Property Awards. The resort has won accolades for Best Residential Development and Best Mixed-Use Development in the 2015-2016 America’s edition of the Awards.
The world isn’t home to many lesser-known holiday destinations, but there’s one in Northeast Brazil that’s so amazing you should “do yourself a favour and book immediately”. Prepare a holiday in Ceará Northeast Brazil and be prepared for an “awesome experience”.
The market for holiday lets in Brazil is relatively young and it’s also one of the fastest-growing holiday options in the country. A recent survey points to Northeast Brazil as one of the best value self-catering locations. In addition, portals advertising bed and breakfast type accommodation in Brazil have seen huge increases in listings and bookings.
Foreign visitor figures to Ceará in the first six months of this year were the highest ever, consolidating the area’s reputation as one of the best places to holiday in Northeast Brazil. European holidaymakers dominate the figures while holiday lets continue their steady rise in popularity.
