As predicted, the celebration of the Olympic Games last year brought its rewards – 2016 was the best year for Brazilian tourism ever. Not only did international visitor figures soar, earnings from tourism also experienced an important increase. In addition, the current high season promises to beat last year’s record.
Brazilian holidaymakers and rental property owners have embraced holiday lets so much that the number of properties available and the number of people using them have increased dramatically over the last few years. With the Olympic Games on the horizon, Brazilian holiday lets have never been so popular as this news article by BRIC Group explains.
Once again, BRIC Group, developer of Brazil property atThe Coral, a 5* star resort located on the stunning tropical beaches of Northeast Brazil, has scooped another set of International Property Awards. The resort has won accolades for Best Residential Development and Best Mixed-Use Development in the 2015-2016 America’s edition of the Awards.
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.
With just over a year to go before Brazil welcomes the next Olympic Games, the host city Rio de Janeiro continues to dominate the Brazilian property market rankings. Not only is Rio the most expensive city in Brazil to buy a property, it also tops the rental rate lists.
Brazil is set to register record tourism figures this year, both in numbers of international and domestic tourists. Northeast Brazil with Fortaleza at the helm continues to dominate destinations reflecting the preferences of the majority of tourists for beach holidays.
The market for holiday lets in Brazil might be young but it’s growing fast. The huge success of the recent FIFA World Cup has boosted the demand and supply of holiday lets to unprecedented levels. This surge of interest from both foreigners and Brazilians augers well for the holiday let sector over the next few years.