{"id":33644,"date":"2020-03-10T07:41:37","date_gmt":"2020-03-10T11:41:37","guid":{"rendered":"https:\/\/www.escapeartist.com\/?p=33644"},"modified":"2020-07-22T00:59:58","modified_gmt":"2020-07-22T04:59:58","slug":"turnkey-rentals-in-fortaleza-brazil","status":"publish","type":"post","link":"https:\/\/www.escapeartist.com\/blog\/turnkey-rentals-in-fortaleza-brazil\/","title":{"rendered":"Turnkey Rentals in Fortaleza, Brazil"},"content":{"rendered":"

Turnkey Rentals in Fortaleza, Brazil<\/strong><\/h2>\n

Brazil has traditionally led the Americas with respect to the revenues generated from tourist activities. Last year, the country <\/span>generated $5.8 billion<\/span><\/a> from the sector\u2014coming second only to Argentina that has maintained its lead amongst its Latin American competitors for years now.\u00a0 Recognizing the potential to generate massive revenues for the economy, the Brazilian government is moving to improve the sector\u2019s productive capacity and service quality.\u00a0<\/span><\/p>\n

The state launched the National Tourism Plan back in 2018, hoping <\/span>generate over 2 million jobs<\/span><\/a> in the sector\u2014following with a policy to increase access to the region. The Brazilian Tourism Minister, Marcelo Alvaro Antonio, has already <\/span>highlighted the remoteness of the region<\/span><\/a> as a major obstacle for greater growth and spoke of the possibility of making it easier for people to come to Brazil. In response to these obstacles, the government has significantly relaxed visa requirements for foreign tourists, forecasting <\/span>nearly 12 million annual visits<\/span><\/a> from foreigners by 2022.\u00a0\u00a0<\/span><\/p>\n

While this is just the tip of the iceberg\u2014it\u2019s evidence enough to make the claim that Brazil is definitely the tourist destination of the future. A lot of the tourist traffic is currently going to Rio, Sao Paulo, Manaus and Salvador\u2014but governmental policies are diverting a lot of it to other areas\u2014the most notable of which is Fortaleza. As tourism activities expand in the region, people are investing in turnkey properties to make rental income from higher tourist volumes in the region. At this moment, I\u2019m working with property developers in the region who are offering really cheap property which can generate returns of up to 16.14% in rent returns.\u00a0<\/span><\/p>\n

I feel that this is too great an investment opportunity to miss out on. With that in mind, I\u2019ll explain why you should invest in turnkey rentals in Fortaleza<\/a>.<\/span><\/p>\n

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Tourism in Fortaleza<\/b><\/h2>\n

I\u2019ve already spoken of how the government is diverting greater tourist traffic to Fortaleza. Even now, airlines are recognizing the potential for greater business in and through Brazil to increase the supply of seats to visitors in the city.<\/span> Air Europa<\/span><\/a>, for example, has launched new flight plans to Fortaleza hoping to capitalize on the potential for higher demand. For perspective, the Airline <\/span>carried 11.8 million passengers<\/span><\/a> around the world\u2014many of whom were going to Latin America and Brazil in 2019. Additionally, ever since the company was bought over by the IAG\u2014it now forms a <\/span>10.4% market share<\/span><\/a> for all flights in and out of Europe. Considering the fact that only a handful of airlines out of Europe fly to Fortaleza, this move on IAG\u2019s part signals that more European visitors will come to the city in the future.\u00a0<\/span><\/p>\n

While more European airlines are aiming for a greater share in tourist traffic to Fortaleza, Brazilian authorities <\/span>have repealed visa requirements<\/span><\/a> for US tourists. In response, the number of people travelling from the US has <\/span>increased by 39%<\/span><\/a> within the last four months alone. Attempting to capitalize on these policy changes, airlines like <\/span>American Airlines and Delta Airlines<\/span><\/a> have partnered up with LATAM and GOL to fly into Fortaleza. With these new flight schedules and partnerships\u2014more people will fly into the city than ever before.<\/span><\/p>\n

You might well wonder what my point is\u2014well, it\u2019s pretty simple, the more tourists you have the more valuable the property in your region becomes. As the number of people fly into a relatively underdeveloped Fortaleza increase, property rents will skyrocket and so will the property prices. As property development goes underway in the region, you\u2019ll find it\u2019ll become increasingly difficult to buy property in the region too.<\/span><\/p>\n

\"map\u00a0<\/span><\/p>\n

Historical Rent Analysis for Brazilian Property<\/b><\/h2>\n

Everyone agrees that the year 2014 was great for Brazilian property because the FIFA world cup introduced the world to a new, exotic location to visit. Since then, the property prices have attained new average highs that were significantly higher than before. Within the decade from 2004\u20132014, the <\/span>house pricing index rose by 333%<\/span><\/a> to sustain consistently high values that haven\u2019t even come close to the 2004 levels.\u00a0<\/span><\/p>\n

People put this down to the increasing number of people that showed up in 2014 and such as spike is expected once again by 2022. If the Brazilian government\u2019s policies succeed, which seems quite likely, we can expect uniform property value increase not just in the traditional tourist destination but even in Fortaleza. While there\u2019s little data on the rental values for Brazilian property, it\u2019s safe to assume that higher property prices will also reflect in higher property rents because of the increase in demand for these properties.\u00a0<\/span><\/p>\n

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How and Where to Invest in Property in Fortaleza<\/b><\/h2>\n

Typically, for a tropical country like Brazil, the most expensive property is beach property. Fortaleza, in specific, has 30 kilometers of shoreline that\u2019s basically untouched by mass tourism and is largely unexplored. Expecting higher tourist influxes, real estate developers have already invested and completed housing projects along the beach to construct spacious, luxurious beach villas.\u00a0<\/span><\/p>\n

The villas I\u2019m talking about, the ones being sold by the people over at <\/span>The Beach Villas<\/a><\/strong>,<\/strong> are 1,044 square feet and have two bedrooms, a bathroom, and a private pool. The property is immensely cheap\u2014costing about $107,000 complete with the furniture and all the amenities installed. They\u2019ve actually sent me some projections for how much money people can make in revenue\u2014even with a conservative occupancy of 55%, they generate returns at 16% per annum. You\u2019ll make 32% if, by chance, the occupancy goes up to 100%.\u00a0\u00a0<\/span><\/p>\n

The real estate market in and around Fortaleza is pretty under-crowded\u2014but this trend won\u2019t persist for long. Right now the Fortaleza real estate market is a buyer\u2019s market with people vying to get their fair share of property that they can make money off.\u00a0<\/span><\/p>\n

 <\/p>\n

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

Fortaleza is the next big thing in Brazilian tourism for sure and also the real estate market to look out for in the next few years. The development currently underway in the region spells great opportunities for anyone looking to make profits through real estate, because if tourist dynamics continue\u2014Brazil will become a billion-dollar industry. You should get in touch with the people over at the Beach Villas<\/a><\/strong> to see how you can invest in the real estate projects in Fortaleza. \u00a0You can also\u00a0email them HERE<\/a>\u00a0or call them on the phone with a US line: 203-599-1835.<\/strong><\/span><\/p>\n

Impar Engenharia Ltd. (<\/span>www.imparengenharia.com.br<\/span><\/a>) is the real estate developer and has been established since 1999. They are a debt-free company with an established track record. <\/span>As a construction and real estate development company they have delivered over 2,500 properties in Brazil.<\/span><\/p>\n

I hope you enjoyed reading: Turnkey Rentals in Fortaleza, Brazil.<\/strong><\/p>\n

Here are a few additional articles 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

Real Estate Developments in Brazil<\/b><\/a>\u00a0<\/b><\/p>\n

 <\/p>\n

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