The Ceará property market registered high increases for sales and sales value in August for all types of new builds. The rises in sales of new second homes and villas were particularly high in year-on-year terms and reached triple figures in both cases.
Yet to fully emerge from lockdown, industrial production in Ceará is showing an impressive recovery. The increase in July was the highest in the country and almost twice the average for the Northeast region. State authorities believe the figures augur well for the rest of the year as the Ceará economy gets back on track.
Resistent to economic ups and downs, the market for luxury property in Brazil is booming this year. Reasons behind the surge in purchases of homes with multi-million-reais price tags include record low interest rates, travel restrictions and the need for a home office.
The first holiday weekend after lockdown in Ceará saw 100% occupancy at hotels in some parts of Ceará including Flecheiras. The September weekend was busy at most beach resorts in the state with many accommodation establishments at full capacity, auguring well for the forthcoming summer season.
Although Ceará tourism officially resumed activity at the beginning of July, many sectors have waited until the autumn to return to business. Discover the full calendar for the complete reopening of hotels, rescheduling of events and return of international flights to Fortaleza.
Sales of property in Ceará went up by 78% in the year to July, indicating strong demand within the market. Mid to high-end properties were the most sought-after. The state also registered its third consecutive month of increases in mortgage loans auguring well for the market in the autumn and 2021.
The pandemic has brought shifts in homeowner preferences for property in Fortaleza and as a result, there's strong pent-up demand, particularly at the high end of the market. This combined with the lowest interest rates on record augurs well for the rest of 2020.
As Brazil shifts out of lockdown mode, people are starting to think about holidays again. And with the tourism sector opening up, certain areas within the country offer the best Brazilian staycation. This is the case with Ceará whose climate, tourism infrastructure and prices make it a top choice for Brazilians this year.
Ceará investment looks forward to a strong second half of the year on the back of large-scale state and private investment. Sectors set to benefit include property, agribusiness, renewable energy and tourism.
The Brazil property market has shown resilience during the pandemic with more mortgage loans and sales on a par with those seen in early 2020. Low interest rates and latent demand for housing are the main factors behind the strength of buyer interest.
Ceará mortgage loans saw an impressive rise in May with an almost 40% increase in the number of units financed. According to analysts, this indicates stability in the market and they expect to see further rises as more Brazilians buyers enter the market.
BRIC Group has just launched a new website for The Coral resort, a high-end property development in Northeast Brazil. The website features all aspects of the resort with dedicated sections to investment options, location and the latest development progress.
As the state of Ceará and Northeast Brazil start to emerge from lockdown, analysts take a look at the prospects for the Fortaleza property market. They forecast a strong rest of the year on the back of high demand and the chronic shortage of homes. The lowest interest rates ever will also contribute to a busy market.
As countries start to move out of lockdown, it is time we turn our attention to the future. This isn’t the first worldwide crisis and those of us who have lived through several have learnt that adversity always leads to new opportunities. Here we look at what happens next from a property investment perspective and the silver linings for investors.
Brazilian tourism has always relied heavily on the domestic market, but this dependence is set to increase in the short term since international travel is at a standstill. Analysts believe staycations and Brazilian holidaymakers will be the mainstays of the sector over the few months.
Another IT company is investing in a new data centre in Ceará. The latest arrival brings the total in the state to three as technology takes advantage of Ceará's excellent location and infrastructure. The state is South America's closest point to Europe and Africa and already has a vast network of submarine cables installed.
