The Florida property market saw sales and prices skyrocket in April while inventory levels plummeted. Read on to discover the figures and why the market is going next.
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.
Jacksonville ranks as the top metro for digital nomads in the US. The city offers the most affordable living in Florida plus the amenities and businesses transient residents look for. The trend further boosts potential for buy-to-let in Florida.
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.
The latest estimates of the housing shortage in the US put the deficit at almost 4 million single-family homes. The strong demand for property increases the shortfall by over 50% in just threes years, highlighting the acute lack of inventory in the US real estate market.
Fortaleza property market saw a 5% increase in new-build sales in 2020, confirming the consolidation of the market. The high-end sector saw particularly strong growth on the back of high demand.
When it comes to choosing between the stock exchange and real estate investment, Americans overwhelmingly opt for property. Their motives include the higher returns and less volatility found in property assets.
US commercial real estate leads the world market with US metros taking 16 out of the top 30 positions. Canadians, South Koreans and Germans are the biggest investors with industrial property and multifamily residential the preferred property types.
The strong dollar means currency opportunities for investors with Brazilian real estate offering the best in 2021. Exchange rates this year mean that Brazilian property is the world super champ when it comes to greenback buyers.
Florida ranks as the tenth among the best US states in 2021, up three positions since the last US News survey. The state does particularly well on education, economy and fiscal stability. And according to Forbes, is the fifth best state for doing business this year.
New trends for Brazilian tourism in 2021 show a preference for quieter destinations without the crowds and for vacations outside high season. These will continue to boost the popularity of natural locations such as Flecheiras in Ceará, Northeast Brazil.
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New lifestyle preferences mean tenants in US rentals want more open-air amenties and more space rather than cheaper rates. Renters also plan to move neighbourhoods but in the same city.
