Latest statistics for Brazilian property show signs of stable price growth throughout the country. In terms of mortgage lending, September’s figures are the best for 20 years, particularly in the state of Ceará, northeast Brazil, where home loans have increased by nearly 40 per cent this year.
A recent survey confirms that Brazilians are travelling more than ever. The same survey also highlighted Northeast Brazil’s status as the nation’s favourite holiday destination. With tourist spending at historic highs, Brazilian tourism looks set for the best year ever.
A new statistical tool has just appeared on the Brazilian property market to allow easy price comparison. This latest device adds further transparency to the market and helps homebuyers gauge house prices in different parts of Brazil.
Brazil has a relatively young mortgage market, but it’s one that is growing fast as purchasing power among Brazilians increases and more banks offer financing for property purchase. One area that forms a focal point for Brazilian banks offering mortgages is Ceará in the northeast of the country.
Brazil is set to register record tourism figures this year, both in numbers of international and domestic tourists. Northeast Brazil with Fortaleza at the helm continues to dominate destinations reflecting the preferences of the majority of tourists for beach holidays.
The market for holiday lets in Brazil might be young but it’s growing fast. The huge success of the recent FIFA World Cup has boosted the demand and supply of holiday lets to unprecedented levels. This surge of interest from both foreigners and Brazilians augers well for the holiday let sector over the next few years.
There have been signs that consumer spending in Brazil has slowed down, but the luxury car sector tells a completely different story. Booming sales so far this year confirm that the upper middle class in the country still has money to spend and plenty of it.
Brazil is currently carrying out one of the largest affordable housing programmes in the world. The next phase (3 million additional properties) will further boost the property market in the country as well as creating employment and advancing economic growth.
Fortaleza, the capital of Ceará in Northeast Brazil, continues to hold a privileged position in the Brazilian property market. Not only is the city one of the few where prices are rising above inflation, Fortaleza also stands out in sales figures.
The forthcoming FIFA World Cup is an exceptional opportunity for tourism in Brazil. During one month, Brazil will be placed in an international spotlight with all eyes focused on what the country has to offer. Hundreds of thousands of visitors and high expenditure are expected, and officials are fully confident that the World Cup will boost tourism in Brazil to unprecedented levels.
The recent 86th edition of Latin America’s largest construction event brought further optimism to the sector in Brazil, one of the largest in the country and an important engine behind the nation’s economic growth.
Caixa Economica Federal, one of Brazil’s largest banks and the biggest mortgage lender in the country, has just held its annual Own Home Fair in seven of Brazil’s regional capitals. With over 150,000 units on show at the exhibition, this tenth edition of the Fair saw record levels of business in Fortaleza, Northeast Brazil.
The latest annual review of Brazilian property has just been published and its findings confirm that the market for new builds continues to strengthen. Furthermore, the report highlights Northeast Brazil as one of the fastest growing areas in the country.
The Brazilian labour market continues to be buoyant with the unemployment rate reaching a record low of 4.3% at the end of 2013. This downward trend continued into January 2014 where unemployment was lower than economist estimates, as surveyed by Bloomberg.
The Brazilian housing market remains strong with steady house price increases. The final quarter of 2013 saw house prices rise by 3.5% from the previous quarter with all major Brazilian cities benefitting from increased property values. Brazil continues to hold its position as a hot property location for real estate investors.
Brazil’s real estate market is one worth watching. In 2012 and 2013, Brazil welcomed two record-breaking years in real estate lending, reaching an all-time high of R$109.2 billion in 2013, according to the Brazilian Association of Mortgage and Building Lenders. With this positive trend set to continue throughout 2014, a property venture in Brazil could provide a healthy return on your investment.
