Yet again Florida ranks as the top state for international buyers. One of four foreigners buying US property chose the Sunshine State. Apartments were the preferred type of Florida property for the international investor.
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.
Latest figures for Florida property show a market that is continuing to forge ahead. The month of August saw more sales, higher median prices for both single family homes and townhouse/condo properties in Florida and a drop in supply at the lower end of the market.
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.
Latest statistics for new construction reveal that the US property market is still a long way from fulfilling demand. The number of new homes entering the market sits at rock-bottom levels while demand for property continues to soar across the country.
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.
Despite falling oil prices, the Houston property market is maintaining a brisk rate of sales and price increases. August was one of the best months on record as Houston continued to see a steady influx of new residents drawn by the opportunities offered in the Texan city.
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.
US property prices continue their upward trend and rose nationally by 6.9 per cent in the year to July. Furthermore, analysts predict further price increases over the next 12 months when they expect an average rise of 4.7 per cent. The price of property, however, still remains below its historic high.
Two recent surveys related to US property point to a market where homeownership is falling steadily in favour of rental, particularly among the first-home buyers. While the number of Americans who own their own home is at its lowest quarterly level since 1993, those who rent are at their highest level for 20 years.
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”.
Increasing mortgage rates and growing employment opportunities are fuelling the US property market where prices surged practically across the country in Q2 this year. Demand at levels not seen since before the economic crisis has pushed supply levels down to just over 5 months, putting further pressure on the already high demand market for US rental properties.
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.
Property investment at global levels continues from strength to strength this year despite economic uncertainty over the Greek bailout and the Chinese stock exchange crisis. Transaction volumes rose by 9 per cent in the second quarter of this year with the US occupying the position as favourite investment destination. Demand was particularly high among investors for rental apartments in the US.
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.
Confidence in Brazil as an investment destination ranks highly among international executives who rate Brazil sixth best in the world. Investors are attracted to its large domestic market, growing middle class and natural resources. Furthermore, one of the highest percentages of executives say they are more optimistic about Brazil this year than last.
