The property market in Ceará in Northeast Brazil has always followed a slightly different track to the rest of Brazil. Property in Fortaleza, the capital, grew faster than the majority of Brazilian cities prior to 2016 and this year, property prices have continued to grow.
The Brazilian property market produced a set of very positive figures in July proving the scenario for real estate generally is back on track.
Optimism surrounds the Fortaleza property market based on the city’s pent-up demand and lack of supply, a situation that contrasts with many other cities in Brazil. This conclusion was reached by some of Fortaleza’s most prominent business people in a recent interview published in O Povo newspaper. This latest BRIC Group news article provides a summary.
Brazilian real estate continues to attract international investment funds, keen to make the most of the current situation in the Brazilian property market. Among the largest investors is Blackstone who claims that now is the time to invest in property in Brazil, as this latest BRIC Group news article explains.
The Brazil property market has just received a boost in the form of improved mortgage lending terms from one of the largest Brazilian banks La Caixa Economica Federal. Under the conditions, it’s easier to borrow more money to purchase Brazil property. This latest BRIC Group article reports on why analysts believe that the move will bring fresh air to the market.
One sector of the Brazilian property market is flying high despite the economic slowdown in the country. Luxury property in Brazil had an excellent year in 2015 – some properties sold for over R$80 million – and there’s every sign of a repetition of this in 2016.
Analysts looking back over the last year for the performance of property in Brazil are unanimous. Market conditions in 2015 were much better than many had predicted since prices rose rather than fell. And for the coming 12 months, experts are forecasting the year of the buyer.
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.
Highly favourable exchange rates and excellent real estate opportunities in Brazil are drawing some of the world’s largest investment companies to the country. Major players on the international property scene are buying big stakes in development companies and property itself.
Luxury property has moved to the top of the investment agenda in 2015 for the world’s richest people with a significant percentage planning to buy property this year. The number rises even higher in Latin America where Brazilian cities feature among those with high property price increases.