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 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.
After an unusual 12 months, the Brazilian property market is set for a good 2015 characterised by marked increases in mortgage lending and greater sales activity. Government investment in the social housing programme, strong job creation and the Rio de Janeiro Olympics on the horizon are three of the main factors that will be driving the market next year.
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.
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.
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 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.
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 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 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.
