Why are overseas property investors heading to Fortaleza in north Brazil June 20, 2009
Posted by janey in : south america , trackbackBeing one of Brazil’s wealthiest, most progressively developed and most attractive regions, Fortaleza is quickly advancing as one of the Brazil’s most popular and profitable areas.
If you are just beginning to consider a Brazil property investment, you’re probably wondering why so many people and property investment agencies are highlighting the benefits of buying property in Fortaleza.
Well, there are a number of positive factors, including a strong economy and booming tourist industry.
The government in Brazil have recognised Fortaleza’s excellent potential and have invested large amounts of funds back into the state of Ceará, of which Fortaleza is the capital.
Because it is favored by locals to be more exotic & exciting than other more globally well known cities like Rio de Janeiro and São Paulo, Fortaleza is a common vacation destination of a growing number of Brazilians as well as a secure prospect, especially for investors that are keen on eventually reselling the property.
Brazil’s ThrivingEconomy
Considered by financial and economic experts to be one of the top five economies in the world within the next 40 years, Brazil already boasts the 10th largest economy on the planet.
What as the factors for Brazil to take such a strong stance amongst the world’s leading economies?
One of the many factors is an efficient use and exploitation of Brazil’s natural resources like oil and ethanol that are found abundantly in Brazil. The ability to manufacture and export desirable goods such as these have allowed Brazil to assume a unique economic position that is greatly independent of imported goods, and allowed it to remain strong despite the recent and current global economic downturn.
Besides the strong and stable economy, the undeniable natural beauty of Brazil has always been a great asset to the country, and is looking for a beautiful place to live or build a dream holiday home are attracted to the natural beauty of Fortaleza which has now emerged as a leading destination for land for sale in Brazil and this fact is making Fortaleza property investment an attractive prospect for a growing number of overseas investors. Home to dazzling beaches and pristine rainforest habitats, the tourism industry in Fortaleza is one of the most successful in the world, with at least a 25 percent increase in revenue predicted for the coming years.
Driven by the growth in the regions tourism industry, Fortaleza property investment has increased as well, with an intense increase in the demand for short term rental properties for people on vacation. And although developers are scrambling to keep up with the demand, there is still a lack of both in-hotel and stand alone villas and apartments for rent. This makes Fortaleza extremely attractive with investors seeking good financial returns combined with lifestyle and leisure enjoyment.
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