Where & Why is Property & Land Investment Popular
It is the Northeast of Brazil that is emerging as the most popular Brazil investment property region in the whole country, lets examine why?
The northeast of Brazil has a fantastic 3.300 km of coastline and is also the nearest major Brazilian tourist destinations to the Europe and America.
During the last couple of years the region has seen a large increase in the number of affordable European charter and scheduled flights with flying time to the Northeast cut in half through direct flights from Europe: The Northeast is only 6 hours from Florida, just under 7 hours from mainland Europe (Lisbon) and just over 9 hours from London.
The airports in the Northeast has also benefitted from major improvements which resulted in a significant growth in the number of both regular and chartered international flights.
Today, the airports of Salvador, Natal and Fortaleza receive, all together 110 international flights per week, twice as many as they did 5 years ago.
The weather is sunny all year round with over 300 days of sunshine a year and average temperatures from between 28 – 31oC.
You will also be happy to know that in the northeast there are very low risk of natural disasters like storms, hurricanes, earthquakes and floods etc… Plus there is virtually no risk of floods, hurricanes, storms, tsunamis and earthquakes, and the air is pure and clean, free from any pollution and according to NASA research the northeast has the purest air on the continent and second purest in the world, after Antarctica.
Another very positive point is that the northeast and specifically the city of Natal is said to be the safest place in Brazil. Therefore Natal property is one of the most popular investments for overseas buyers.
Tourism growth in the Northeast
Tourism in the northeast has been growing rapidly as it has been helped by a lot of investment including The Northeast region and its tourism industry have greatly benefited from the improvements funded by the Prodectur Action Programme and in Natal, Recife and Fortaleza, the development of tourism and the economy is significant with the contribution of tourism to the GDP of the Northeast reaching 6.32% (over twice the average rate for Brazil) while by the end of 2007, tourism has generated over 1.2m direct and indirect jobs.
Real estate development in the Northeast
The Northeast is at a point in which the tourism industry is experiencing considerable transformation in the volume and characteristics of its supply and demand and part of this transformation has been moved along by the development of large, modern tourism related real estate projects and resorts and a high amount of residential and commercial developments with many overseas companies, investors and people participating. There are now many overseas companies and individuals interested in investing in the area which has lead to the government and private Brazilian companies offering regular Brazil land sale auctions.
In summary because of all the favourable conditions as mentioned earlier the northeast has been ear marked for development of tourism and as such has undergone development funded by large private and government investment which has help gain exposure for the area and attracted international real estate and tourist group’s investment and an unprecedented real estate development boom.
