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.
Tourist industries around the world have been affected by the covid-19 crisis. Some tourist detinations will take time to recover, but some areas have a clear advantage over others. This is the case with Ceará tourism, already looking to get back on track.
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.
A recent conference looked at the impact of coronavirus on the construction sector and its knock-on effect for real estate in Brazil. Participating experts suggested key areas that Brazil needs to focus on and came to the conclusion that the outlook for Brazil property is positive.
The Brazilian mortgage market continues to evolve with more consumer-friendly products. The latest offering comes from the Caixa Economica Federal and offers a fixed interest rate. Analysts believe it will open up the property market in Brazil considerably.
Northeast Brazil property investment has been at the forefront of portfolios for many years now and the area has consistently provided solid returns. The key to sustainable investment, however, lies in several factors including the right location and facilities. The Coral resort in Ceará offers this combination, recently enhanced with the addition of the Ocean Lounge Beach Club.
Location is one of the cornerstones of property investment and good connections to the location are vital, particularly direct flights from key tourist markets. Northeast Brazil enjoys an excellent network of communications with a wide range of domestic and international flights to Fortaleza. This factor inevitably enhances the potential for successful property investment in the area.
On the coast, the average hotel occupancy is 91.4%. The carnival holiday is expected to generate an income of around R $ 480 million in the State of Ceará. The Coral Resort is located in Ceará where we offer different investment opportunities.
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 unemployment rate fell to 11.0% in the three months through December according statistics agency IBGE. These figures are a record low in four years which show further evidence and signs that the labor market is improving.
Brazil stopped tourist visa requirement for United States, Canada, Japan and Australia visitors that travel to Brazil. They are aiming to do the same with India and China to keep boosting tourism. The state of Ceará is also experiencing a tourism boost where The Coral is located.
Foreign Direct Investment (FDI) in Brazil grew 26% in 2019 according to the data from the Global Investment Trends Monitor, released by the United Nations Conference on Trade and Development (UNCTAD).
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Brazil’s central bank raised its 2020 gross domestic product growth forecast to 2.2% in its latest quarterly inflation report from 1.8% previously. Brazil's unemployment rate fell from 12.5 percent earlier in 2019 to about 11.8 percent in August.
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.
