With an increase of over 32% so far this year, mortgage loans in Ceará are at their highest since 2015. They reflect a very busy market, currently experiencing its best moment for years. Analysts believe that this trend will continue well into 2021 as buyers take advantage of record low interest rates.
Discover why record low interest rates and changes in lifestyle trends means that the Brazilian property market is heating up and leading the economic recovery. According to analysts, the sector is “experiencing its best moment for years”.
Mortgage loans in Ceará surged in September, beating the record in August and registering an increase of 156% in the year. Analysts believe that 2020 will set a record for mortgages in Ceará generally as buyers flood the market.
A shift in lifestyle preferences makes vacation rental accommodation more attractive than ever in Brazil and demand for Ceará holiday lets have pushed prices up to 20% higher. Holidaymakers are also turning their attention to new coastal destinations in the state including Flecheiras, opening up the horizons for buy-to-let investment.
The Ceará property market registered high increases for sales and sales value in August for all types of new builds. The rises in sales of new second homes and villas were particularly high in year-on-year terms and reached triple figures in both cases.
Although Ceará tourism officially resumed activity at the beginning of July, many sectors have waited until the autumn to return to business. Discover the full calendar for the complete reopening of hotels, rescheduling of events and return of international flights to Fortaleza.
Sales of property in Ceará went up by 78% in the year to July, indicating strong demand within the market. Mid to high-end properties were the most sought-after. The state also registered its third consecutive month of increases in mortgage loans auguring well for the market in the autumn and 2021.
BRIC Group has just launched a new website for The Coral resort, a high-end property development in Northeast Brazil. The website features all aspects of the resort with dedicated sections to investment options, location and the latest development progress.
Northeast Brazil property investment has been at the forefront of portfolios for many years now and the area has consistently provided solid returns. The key to sustainable investment, however, lies in several factors including the right location and facilities. The Coral resort in Ceará offers this combination, recently enhanced with the addition of the Ocean Lounge Beach Club.
Brazil’s economy increased by 0.6 per cent in the third quarter of 2019, beating experts’ expectations and bolstering hopes of a cyclical improvement in Latin America’s largest country. Compared with the same quarter last year, the economy grew by 1.2 per cent, above analysts’ expectations of 0.9 per cent.
Atlantica Hotels announce the first Radisson Hotel in Ceará in alliance with The Coral resort in a prime location on the coast. Discover the full details.
Ceará is once again the fastest growing state in terms of international tourists. According to data from the National Civil Aviation Agency (ANAC), from January to August 2019, Ceará increased foreign visitors coming to the state using direct flights by 74%.
According to the Brazilian Institute of Research Services Monthly Geography and Statistics (IBGE), the State was the fastest growing in the whole country in volume of tourist activities. Figures show an increase of 9.9%, a rate almost three times higher than the average of Brazil in the first half.
BRIC Group is pleased to announce that our luxury, beachfront new development, The Coral, has won the International Property Awards for Best Residential Development in Brazil in 2014.
