The installation of a large coconut processing plant is set to boost the local economy in Ceará. The plant will create thousands of jobs as well as push up demand for property in the area. This BRIC Group news article provides the full picture.
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.
The figures just released for employment and property in northeast Brazil highlight that both markets are booming and well ahead of those at national level. The state of Ceará was one of the centres for job creation as well as a hot spot for property.
Sam Zell, one of the world’s most successful property investors, says that now is the perfect time to invest in Brazil. He believes the country’s rising middle class has all the right ingredients for profitable investment and on the back of this, forecasts that property prices in Brazil are unlikely to fall this year.
On the back of solid demand from society and increased mortgage lending, there’s plenty of room for growth in the Brazilian property sector. With the total home loans to rise by 10 per cent next year, 2015 looks set to see further consolidation in the market.
There have been signs that consumer spending in Brazil has slowed down, but the luxury car sector tells a completely different story. Booming sales so far this year confirm that the upper middle class in the country still has money to spend and plenty of it.
The Brazilian housing market remains strong with steady house price increases. The final quarter of 2013 saw house prices rise by 3.5% from the previous quarter with all major Brazilian cities benefitting from increased property values. Brazil continues to hold its position as a hot property location for real estate investors.
Brazil’s real estate market is one worth watching. In 2012 and 2013, Brazil welcomed two record-breaking years in real estate lending, reaching an all-time high of R$109.2 billion in 2013, according to the Brazilian Association of Mortgage and Building Lenders. With this positive trend set to continue throughout 2014, a property venture in Brazil could provide a healthy return on your investment.