Fortaleza City has been named as one of the 12 to host the 2014 World Cup Games and the Feds will spend R$9Billion on new and upgrade infrastructure projects.
The State Governement has approved a new Aquarium at Praia de Iracema for an additional R$¼ Billion to be finished by end of 2010.
Brazil - A Property Investment Outlook
More tourists are visiting Brazil than ever before which is seeing a forward projection of an increase due to a change in the way Brazil is addressing some of its internal issues and the view that it has in the past been a place of concern for travel and settling. As foreigners have found purchasing Brazilian property much easier and and the rights of freehold ownership for foreign nationals is something taken fro granted the increase in purchases made has increased significantly.
Many gated private communities are springing up along the shores - particulary in the North Eastern sector of Brazil from Natal to Fotenza. A housing shortage in Brazil means that investing in residential projects will not only supply the local born market but will also provide housing to those who wish to settle in Brazil either permantley or for part of the year. The climate is ideal for those wishing to have warm but not stiffling heat for a year round lifestyle.
Brazil, has the largest population in any country in South America - around 190 million people who are drawn to sun, sea and sand lifestyle along the coastal regions. Brazil’s government is encouraging foreign investors to seriously consider investing in Brazil and is making it easier to do so. Brazil has a strong economy that is in a good position to grow further in the future and is the only global economy to not be reliant on oil imports. The oil crisis of the 70's ensured the direction of energy replacment by a government committed to alternative fules. Commodities are the primary industry in the country, with oil, airplanes and automobiles among the primary exports with Brazil being a superpower in terms of agriculture, leading the world exports of soybean, orange juice, coffee, beef, chicken meat and ethanol. This all adds to a market that is solid financially and open to growth.
It is widely expect that by 2050 - just 40 years from now Brazil will be the fifth largest economy of the world trading with all corners of the globe and maximising its energy rich and resource rich country enabeling standards of living to rise rapidly. Forecasts widely suggest that the Brazil property market is one of the most promising in the world for the future of real estate. |
