Latest Ceará employment figures show a stable job market, creating a steady flow of jobs. Stand-out sectors in this state in Northeast Brazil include trade and hospitality, and reflect the area’s continued economic growth against a very different background nationally.
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.
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.
Three major investments have arrived at Pecem Port, near Fortaleza in Ceará, Northeast Brazil. Between them, they will create hundreds of new jobs in the area and boost the port’s position in the world ranking for logistics and cement production.
The economy in Ceará in northeast Brazil continues to move in the opposite direction to the rest of Brazil. In Ceará, the property market, car sales and the industrial sector are all growing while those in the country as a whole register negative numbers.
Statistics for the Ceará economy released last week show this state in northeast Brazil flying high above the rest of Brazil. The Ceará economic figures are particularly strong in the tourism sector where Ceará continues to make its mark as one of the top destinations for a holiday in Brazil.
It’s full steam ahead for the economy in the state of Ceará in northeast Brazil. Figures just published for its GDP performance for last year show Ceará is growing fast and considerably ahead of the rest of Brazil.
The Brazilian currency, the real, recently fell to its lowest level against the US dollar for over a decade. While this was bad news for Brazilians investing in the US, it represents an excellent opportunity for foreigners thinking of adding Brazil to their portfolio. Assets in Brazil such as property are now at their cheapest for years.
With a low inventory, pent-up demand and record levels of new mortgages, property in Ceará, northeast Brazil stands out in the Brazilian property market. Market conditions are so buoyant in the state that Ceará property is known as an “oasis”.
The announcement of more flights between Fortaleza and European capitals is good news for both tourists and those looking to buy property in Brazil. As from June this year, the capital of Ceará state in Northeast Brazil will offer weekly flights to two more European capitals, Amsterdam and Paris.
The figures just released for employment and property in northeast Brazil highlight that both markets are booming and well ahead of those at national level. The state of Ceará was one of the centres for job creation as well as a hot spot for property.
Sam Zell, one of the world’s most successful property investors, says that now is the perfect time to invest in Brazil. He believes the country’s rising middle class has all the right ingredients for profitable investment and on the back of this, forecasts that property prices in Brazil are unlikely to fall this year.
Latest statistics for 2014 point to a stabilisation in the Brazilian property market. Growth in both house prices and launches are expected to be moderate this year in keeping with a mature market. Experts do, however, predict pockets of higher growth in 2015, particularly in the northeast of the country in areas such as Fortaleza.
PepsiCo’s foods division is looking to double its revenue in the next three to four years in Brazil in spite of a recent slowdown in Latin America’s largest economy. PepsiCo’s plan reflects the belief of many local groups and multinationals that the longer term structural source of economic growth in Brazil, the rise of its lower-middle class, especially in the traditionally poorer northeast, is intact.
At the year comes to a close, all signs point to an excellent year for property in Fortaleza. Fuelled by robust demand and keen interest from buyers, more strong activity in all property sectors is forecast for 2015.
The latest Ernst & Young Capital Confidence Barometer for Brazil finds levels of confidence high with a bright outlook for the immediate future. Executives, both globally and in Brazil, feel the time is right to grow their investment in Brazil.
