The economy of Ceará grew at twice the national rate in the second quarter of 2019. The gross domestic product (GDP) of Ceará, between April and June this year, closed at 2.08%. Which shows an increase compared to the same period last year.
Figures released on the 15th of May, show that rental prices have gone over experts’ expectations, as well as over the predicted inflation from January to April in 2019. In the first four weeks, the average rent cost has risen 2,5%. The increase hasn’t only been seen in the price but also in the number of rentals.
As interest rates have gone down in the last years to 6.5%, and the inflation is rising but in a fairly controlled way, the expectations are very positive as people will have better borrowing conditions, will consume more and therefore increase the GDP of the country. We can observe these changes regarding interest rates over the last years.