Professionals snap up property in Fortaleza, dominating the market. Low interest rates and high consumer confidence point to a good start to 2018
The Fortaleza property market is currently riding a wave. The city registered the second highest price rise in Brazil during Q2 and experienced an excellent month of June.
The Fortaleza property market proved to be booming at the 3-day Caixa Fair held in the city at the end of June. The event attracted over 15,500 visitors and more than 4,000 contracts were signed for the purchase of property in Fortaleza.
The Ceará property market is moving from strength to strength. Not only has the sector matured and grown stronger, sales of new builds are reportedly brisk. As this latest BRIC Group news piece reports, property in Ceará is moving in the opposite direction to the rest of Brazil.
Fortaleza holiday lets feature in the top ten fastest-growing districts in Airbnb’s latest travel trends report. Ranked at number nine for most growth in booking interest during 2015, holiday lets in Fortaleza in Northeast Brazil rub shoulders with districts in well-known tourist hotspots in Buenos Aires, Melbourne, Seville and Dallas. This latest news piece from BRIC Group explains why.
Buyer preferences for property in Fortaleza are changing. With better access to the city and growing affluence, buyers are moving away from apartments to houses. The desire for space, privacy and security has led many to turn their attention away from the city centre and look outside Fortaleza for property. This BRIC Group news piece explains why.
Luxury property in Brazil remains untouched by the economic crisis although preferred locations have shifted. Northeast Brazil and Southeast Brazil now dominate searches with high-end property in Fortaleza the most sought-after.
Price rises for property in Fortaleza during Q3 this year were the second highest in the county and well above the inflation rate. Rental rates also rose in this Northeast Brazil capital where demand for property easily exceeds supply.
The market for holiday lets in Brazil is relatively young and it’s also one of the fastest-growing holiday options in the country. A recent survey points to Northeast Brazil as one of the best value self-catering locations. In addition, portals advertising bed and breakfast type accommodation in Brazil have seen huge increases in listings and bookings.
Brazil has a relatively young mortgage market, but it’s one that is growing fast as purchasing power among Brazilians increases and more banks offer financing for property purchase. One area that forms a focal point for Brazilian banks offering mortgages is Ceará in the northeast of the country.
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.
Caixa Economica Federal, one of Brazil’s largest banks and the biggest mortgage lender in the country, has just held its annual Own Home Fair in seven of Brazil’s regional capitals. With over 150,000 units on show at the exhibition, this tenth edition of the Fair saw record levels of business in Fortaleza, Northeast Brazil.
