{"id":33170,"date":"2020-03-02T16:58:47","date_gmt":"2020-03-02T21:58:47","guid":{"rendered":"https:\/\/www.escapeartist.com\/?p=33170"},"modified":"2020-09-21T02:04:12","modified_gmt":"2020-09-21T07:04:12","slug":"real-estate-developments-in-brazil","status":"publish","type":"post","link":"https:\/\/www.escapeartist.com\/blog\/real-estate-developments-in-brazil\/","title":{"rendered":"Real Estate Developments in Brazil"},"content":{"rendered":"

Real Estate Developments In Brazil<\/strong><\/h2>\n

Brazil is one of the largest economies in Latin America\u2014it forms part of a group of emerging economies that have set the standard for economic development for the third world. In recent years, the country has gone through an economic slump that it\u2019s about to recover from\u2014reflected in the boom and development of real estate along the northern coast. Areas like Fortaleza are being compared to locations like Cancun in Mexico that became thriving hubs of tourism with visitors across the world. Recent reports indicate that housing market capital sales were valued at <\/span>$1.62 billion back in 2019<\/span>, making a 53.8% jump within a span of 12 months.\u00a0<\/span><\/p>\n

These reports indicate an emerging opportunity for interested investors who are looking to own foreign real estate\u2014if trends hold, you can make a lot of money in Brazilian real estate.\u00a0<\/span><\/p>\n

Throughout this blog, I hope to highlight some reasons why you should consider investing money in Fortaleza as well as what investments you ought to make.\u00a0<\/span><\/p>\n

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Reasons For The Real Estate Boom<\/b><\/h2>\n

There are two fundamental reasons why the real estate market in Brazil is recovering\u2014firstly, the central bank has reduced interest rates to an <\/span>all-time low of 6.5%<\/span><\/a>, and second, Brazil is expecting a boom in tourism in the country in the coming years.\u00a0<\/span><\/p>\n

For this reason, luxury homes along the coast of Fortaleza are increasingly being considered as a prime investment\u2014because of increased domestic and foreign demand.\u00a0<\/span><\/p>\n

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Effects Of Interest Rates On Brazilian Real Estate<\/b><\/h2>\n

The Brazilians have been struggling with deflationary impacts on their economy for quite some time now. As the new government took hold, a lot of people were optimistic that the economy would recover\u2014but these <\/span>improvements have yet to be seen<\/span><\/a>. High unemployment rates, falling exchange rates, and high government debt are still holding back the Brazilian economy, and have for quite some time now.<\/span><\/p>\n

These conditions impose deflationary pressures on the market, which only accelerates the economic decline\u2014requiring the government to ease its fiscal policies. After holding interest rates at a steady 6.5% for about two years, the central bank recently announced reducing it <\/span>even further to 4.25%<\/span><\/a> just a few days ago. This is a classic response to falling domestic demand, where you reduce the cost of borrowing money in the hopes that people take on more loans to fund their expenses.<\/span><\/p>\n

This reduction has shown the most significant impact on the Brazilian real estate market, where people are now investing heavily in the real estate market. Since real estate is generally considered a safe investment, this is pushing the demand for real estate higher and causing unprecedented price hikes. While a lot of this demand is focused in urban regions like Sao Paolo and Rio de Janeiro, shrewd investors are setting their eyes on Fortaleza because of the expected boom in tourism.\u00a0<\/span><\/p>\n

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Brazilian Tourism Markets<\/b><\/h2>\n

Ever since early 2018, the tourism markets in Brazil have shown significant improvements. Tourism has grown significantly\u2014particularly in the Americas, with nearly <\/span>217 million foreign tourists<\/span><\/a> visiting the region in 2018. Brazil, in particular, <\/span>hosted 6.6 million tourists<\/span><\/a>\u2014the highest number of visitors throughout the country\u2019s history.\u00a0<\/span><\/p>\n

Recognizing the growing potentials offered by the sector, the Brazilian government is looking to double the number of visitors to the country by 2024. With these plans in mind, there is a statewide emphasis on the development of tourism-specific infrastructure and making it easier for people to get visas to the country. According to reports, the Brazilian Ministry of Tourism is <\/span>looking to spend $198 million<\/span><\/a> on tourism and offering financial assistance to service providers in the industry.<\/span><\/p>\n

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What Does This Have To Do With Fortaleza?<\/b><\/h2>\n

Fortaleza is rapidly gaining popularity as a major tourist hub. The region was left largely ignored by tourists until of late but has become a thriving hub of tourism in recent years. Many of Brazil\u2019s most beautiful beaches are located in the city, such as the central bank and there are plenty of cultural sites that are attracting tourists in herds to the region.<\/span><\/p>\n

Reports indicate that real estate prices in Fortaleza have risen the most in the past few years, owing to the rise in tourist traffic to the city. New projects are sprouting every day and there is plenty of real estate up for grabs for anyone interested. Many of my contacts have recently purchased homes in the region and I\u2019m also working with people<\/a> who are helping foreigners make lucrative real estate deals in Fortaleza. According to my associates, despite the hike in prices in real estate in the city, it\u2019s relatively cheaper than real estate prices in the major Brazilian cities.<\/span><\/p>\n

According to their estimates, the average beach house on the coast of Fortaleza will cost investors $157,000 (counting the money spent on furniture). Since the region has become a high-density tourist hub, the rent rates are steadily spiking and people can afford to make incomes of as much as $25,341 every year within 3-years.\u00a0 This basically means that you can recover your entire investment in 9-years\u2014that is with the current growth of tourism in the region. The odds are that rental rates will increase and your investment recovery period will shorten dramatically.<\/span><\/p>\n

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In Conclusion<\/b><\/h2>\n

Brazil is definitely one of the tourism and real estate markets that everyone should look out for. The Fortaleza region has a bright future ahead of it and if the trends hold, it\u2019s going to serve as a fundamental driver of the Brazilian economy. Considering the relatively low prices of real estate in the region, it\u2019s still a buyer\u2019s market\u2014but it won\u2019t stay that way for long. As investors around the world continue to learn about the rapid development work in Fortaleza, real estate prices are expected to rise.<\/span><\/p>\n

It\u2019s for these reasons that I believe you should act right now and move to Fortaleza ahead of the curve. If you\u2019re interested, you should get in touch with my associates at The Beach Villas<\/a><\/strong>, who\u2019re helping people get their hands on some premium real estate along the coast of Fortaleza. Impar Engenharia Ltd. (www.imparengenharia.com.br<\/a>) is the real estate developer who was established in 1999. They are a debt-free company with an established track record. You can also\u00a0email them HERE<\/a>\u00a0or call them on the phone with a US line: 203-599-1835.<\/strong><\/span><\/p>\n

I do hope you got value from this article: Real Estate Developments in Brazil. Here are a few additional articles on Fortaleza and Brazil that I know you’ll love!<\/strong><\/p>\n

An Expat\u2019s Guide to Investing in Beachfront Property in Fortaleza<\/b><\/a>\u00a0<\/b><\/p>\n

A Travel Guide to Fortaleza<\/b><\/a>\u00a0<\/b><\/p>\n

A Guide to Living in Fortaleza, Brazil<\/b><\/a>\u00a0<\/b><\/p>\n

The Top Destinations to Visit in Brazil<\/b><\/a>\u00a0<\/b><\/p>\n

Turnkey Rentals in Fortaleza, Brazil<\/a>\u00a0<\/strong><\/p>\n

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 <\/p>\n","protected":false},"excerpt":{"rendered":"

Real Estate Developments In Brazil Brazil is one of the largest economies in Latin America\u2014it forms part of a group of emerging economies that have set the standard for economic development for the third world. In recent years, the country has gone through an economic slump that it\u2019s about to recover from\u2014reflected in the boom […]<\/p>\n","protected":false},"author":678,"featured_media":33699,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","om_disable_all_campaigns":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2,9412],"tags":[38,71,127,1136,340,25028,366,380,451],"yst_prominent_words":[24813,3298,24808,3037,24809,25062,1882,25060,2351,3513,24811,4032,24814,1878,25061,25059,2349,3508,24812,3502],"acf":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/www.escapeartist.com\/wp-content\/uploads\/2020\/02\/Backyard-View.jpeg","_links":{"self":[{"href":"https:\/\/www.escapeartist.com\/wp-json\/wp\/v2\/posts\/33170"}],"collection":[{"href":"https:\/\/www.escapeartist.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.escapeartist.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.escapeartist.com\/wp-json\/wp\/v2\/users\/678"}],"replies":[{"embeddable":true,"href":"https:\/\/www.escapeartist.com\/wp-json\/wp\/v2\/comments?post=33170"}],"version-history":[{"count":16,"href":"https:\/\/www.escapeartist.com\/wp-json\/wp\/v2\/posts\/33170\/revisions"}],"predecessor-version":[{"id":42045,"href":"https:\/\/www.escapeartist.com\/wp-json\/wp\/v2\/posts\/33170\/revisions\/42045"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.escapeartist.com\/wp-json\/wp\/v2\/media\/33699"}],"wp:attachment":[{"href":"https:\/\/www.escapeartist.com\/wp-json\/wp\/v2\/media?parent=33170"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.escapeartist.com\/wp-json\/wp\/v2\/categories?post=33170"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.escapeartist.com\/wp-json\/wp\/v2\/tags?post=33170"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/www.escapeartist.com\/wp-json\/wp\/v2\/yst_prominent_words?post=33170"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}