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.
Fortaleza Airport has completed the first stage of large-scale investment involving major upgrades and expansion throughout the entire airport. Its completion brings Ceará airport infrastructure to the standards seen at the world’s largest airports.
Tourist industries around the world have been affected by the covid-19 crisis. Some tourist detinations will take time to recover, but some areas have a clear advantage over others. This is the case with Ceará tourism, already looking to get back on track.
Ceará hotels look set to reopen at the beginning of July in preparation for the corporate tourism season. Hotels in Fortaleza and Ceará are reasonably optimistic for the second half of the year. July inaugurates the corporate travel season in the state and despite covid-19, analysts expect it to be business as near as normal as possible.
A recent conference looked at the impact of coronavirus on the construction sector and its knock-on effect for real estate in Brazil. Participating experts suggested key areas that Brazil needs to focus on and came to the conclusion that the outlook for Brazil property is positive.
The Brazilian mortgage market continues to evolve with more consumer-friendly products. The latest offering comes from the Caixa Economica Federal and offers a fixed interest rate. Analysts believe it will open up the property market in Brazil considerably.
Northeast Brazil property investment has been at the forefront of portfolios for many years now and the area has consistently provided solid returns. The key to sustainable investment, however, lies in several factors including the right location and facilities. The Coral resort in Ceará offers this combination, recently enhanced with the addition of the Ocean Lounge Beach Club.
