Thinking of property investment in 2023? Then these are the economic factors to bear in mind, at local, regional and international level.
Recent FDI and a surge in IPOs have brought the economy in Ceará to the forefront in Northeast Brazil. The number of foreign investors has more than doubled since 2010 and Ceará companies account for more than half those from Northeast Brazil on the stock exchange.
With the backing of the US, Brazil is set to become an OECD member in 2021. The country has already completed two thirds of the preparatory requirements and is making good progress with its ambitious reform programme. This augurs well for investors in Brazil.
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.
On the coast, the average hotel occupancy is 91.4%. The carnival holiday is expected to generate an income of around R $ 480 million in the State of Ceará. The Coral Resort is located in Ceará where we offer different investment opportunities.
Brazil’s unemployment rate fell to 11.0% in the three months through December according statistics agency IBGE. These figures are a record low in four years which show further evidence and signs that the labor market is improving.
Foreign Direct Investment (FDI) in Brazil grew 26% in 2019 according to the data from the Global Investment Trends Monitor, released by the United Nations Conference on Trade and Development (UNCTAD).
Brazil’s central bank raised its 2020 gross domestic product growth forecast to 2.2% in its latest quarterly inflation report from 1.8% previously. Brazil's unemployment rate fell from 12.5 percent earlier in 2019 to about 11.8 percent in August.
Florida is continuing its best tourism year ever, welcoming another 31.6 million visitors during the third quarter of 2019. Also Florida is very present in the Best places to live and retire in the US rankings.
Brazil’s economy increased by 0.6 per cent in the third quarter of 2019, beating experts’ expectations and bolstering hopes of a cyclical improvement in Latin America’s largest country. Compared with the same quarter last year, the economy grew by 1.2 per cent, above analysts’ expectations of 0.9 per cent.
Florida is one of the world’s favourite destination not only for travelling but also for investing in property. Here is an overview of the real estate market and economy in the state in Quarter 3 of 2019. The Florida Realtors’ latest report shows new positive figures. They stated that more closed sales, higher median prices, more pending sales and rising pending inventory during the third quarter of 2019. Also, during those three months, more than 78,750 single-family homes were sold across Flor
The country’s services sector activity jumped in September. The 1.2% rise from August was the biggest month-on-month increase since August 2018 according to government statistics agency IBGE figures. It was almost twice the 0.7% rate of expansion expected in a Reuters poll of economists.
Ceará carries on improving every aspect. Latest figures from the quarterly report of the General Coordination of Labor Immigration (CGIL), show an increase of foreigners that invest in the state.
New figures show an increase on property value. In fact, home values have increased by 4.64% from 2018 in the same period. The forecast for home values in the US shows and increase of 2.2% over the next year. However Florida’s forecast is even more positive showing an increase of 4.09% over the next year.
Gustavo Montezano, president of Banco Nacional de Desenvolvimento Econômico e Social, stated at the Brazil 2019 Investment Forum, that Brazil is at the lowest historical level of interest. The current interest rate in Brazil is just 2%, showing the potential of Brazil.
The economic forecast in Florida shows signs of economic growth specially in real estate. Sean Snaith, economist from University of Central Florida, expects the state economy to grow at a faster pace than the United States. The property market in Florida has always been stable and rising.