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.
Foreign investment in Ceará continues to pour in this year. The latest multinational drawn to the region by its strategic location is a Chinese-backed electrical company. This is the first of several planned investments and brings welcome capital and employment opportunities to the state.
When it comes to foreign investment, tourism and real estate, some regions of Brazil are moving faster than others. This is certainly the case in Ceará, Northeast Brazil, a state registering high volumes of investment and buoyant business tourism figures.
The latest arrivals of new investment in Ceará mean the state is set to lead Latin America and add R$1.1 billion to its GDP over 30 years.
After major expansion of infrastructure at Pecem Port, one of the largest in Brazil, the export-import facilities are set to record major increases. As Pecem Port grows larger and handles more cargo the demand for property in this part of Northeast Brazil expands.
Certain beaches in Northeast Brazil are firmly established on the holiday radar, but others are only just being discovered. This is the case with a quartet of beaches in Trairi in Ceará, once a well-kept secret among a privileged few. But suddenly everyone is talking about them. This latest BRIC Group article explains why.
Latest figures for import and export handling at Pecem Port, one of the largest ports in Northeast Brazil, point to an excellent start to the year. The port and state authorities believe 2016 will be a year of consolidation at Pecem Port for both business opportunities and employment as the port continues its expansion plans. This BRIC Group news article explains why.
Three large hotels in Fortaleza have recently opened to meet demand from increased tourism in the city, particularly in the business sector. One hotel is located near the highly successful Ceará Conference Centre and the other two in the vicinity of Praia do Futuro, one of the best beaches in Fortaleza. All three hotels have started the season with high occupancy rates as this latest BRIC Group news piece reports.
Latest Ceará employment figures show a stable job market, creating a steady flow of jobs. Stand-out sectors in this state in Northeast Brazil include trade and hospitality, and reflect the area’s continued economic growth against a very different background nationally.
Luxury property in Brazil remains untouched by the economic crisis although preferred locations have shifted. Northeast Brazil and Southeast Brazil now dominate searches with high-end property in Fortaleza the most sought-after.