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THE REAL ESTATE MARKET IN BRAZIL MAINTAINS ITS POSITIVE GROWTH

Friday, 18 Jul 2008

According to investors and experts, the outlook for the future of real estate in Brazil is still extremely strong. Recent news reports indicate that major international companies are looking to invest in the Brazilian real estate market, which in turn can only translate into more positivity for the Brazilian housing market.

As is pointed out by Brian Carr, (of Morgan Stanley Real Estate Investing), upon looking at the potential in the Brazilian market: “We view the outlook for the real estate sector in Brazil very positive as the key ingredients for success are present in the market.”

Advent International’s Patrice Etlin, says that “the long term growth prospects are good due to factors like macroeconomic stability, GDP growth and mainly the increase in real estate credit, we expect strong and solid growth for the next years."

It is clear that with the proper research and due diligence, those who invest in property in Brazil, particularly in the major cities as well as the tourist destinations of the northeast, should have confidence in the overall strength of the market for the foreseeable future.

The popular northeast coast of Brazil has become an international investor’s real estate dream, with bargain prices and consistent profitable appreciation in values.

There are many developments on the verge of completion on the Northeastern cost of Brazil. One such popular destination is the small Town of Cumbuco Brazil. This little pocket of paradise has been attracting property developers and overseas investors who are keen to get involved in the Brazilian real estate market.

Cumbuco, Brazil, northwest of Fortaleza is home to one of the more beautiful beaches in the world. This small fishing village is home to approximately 1,500 residents, although this number is ever growing as the numbers of new developments keep increasing.

Situated about 20 kilometres from downtown Fortaleza and 25 kilometres from the airport, Cumbuco is best known for its beaches, white dunes and perfect weather conditions, giving ample opportunity for windsurfers and kite-noarders to enjoy to heir hearts content.

According to many travel portals, “Cumbuco offers the visitor and real estate investor the best of both worlds. It is a small village with great beaches, but it is also only 30 minutes from one of the largest cities in the country.”

Getting to Cumbuco and Fortaleza is easily accessible, with the new international airport terminal at Pinto Martins International Airport (FOR). The airport, being just 15 minutes away from downtown ensures even more accessibility.

Another popular tourist destination, and fast becoming a regular haunt for international investors, is the northeast Brazilian city of Fortaleza, in Ceara State. This city has long been one of the most popular places for Brazilians to visit.

Located on the northern Atlantic coast of the country, above the horn, this city is home to some 2.4 million residents. Although the city is quite large, with over 3 million residents in the metro area, the state of Ceara is far removed from the urban areas of the south.

As is mentioned by property experts: “While this tropical city has been a well-known holiday destination for native Brazilians, in the past few years the area has become increasingly popular with the rest of the world as both a vacation spot and a real estate investment locale.”

It is perhaps due in part to the fact that prices here are “less expensive than the more urbanized and populous south” which ensures the increase in tourist and international investors to these little towns and cities spread along the coastline of this wonderfully vast Latin American country, Brazil.

Property Select offers a comprehensive selection of overseas property in Brazil, news, members club and reviews of the latest property developments.