Brazil Real Estate News
Property Market Trends and Reviews

The vibrant city of Sao Paulo have a lot to offer for investors looking to buy property in Brazil beyond the traditional tourist areas, as it has launched the battle against "visual pollution", according to new reports.

The Brazilian city has banned all billboards, illuminated signage, neon signs and electronic panels as part of the new Clean City law. The Clean City law Passed in September 2006 by a margin of 45 votes to one aims to make Sao Paulo a more attractive place to day-trippers, residents and investors alike. The authorities call it as a visual pollution, plans to ban the outdoor advertising to transform the landscape and to offer its residents unimpeded views of their surroundings.

City planners and environmental advocates enthusiastically said that the new "clean city" law and brings Sao Paulo a welcome step closer to an imagined urban ideal. The law also applied to advertising banners trailed by airplanes. All other forms of advertising in public places, like distribution of fliers are also banned and the law also has regulated the dimensions of store signs. Roberto Tripoli, president of the City Council has stated that they are aiming for a complete change of culture.

Aboutsaopaulo.com has reported that the state of Sao Paulo accounts for just three per cent of the Brazilian landscape yet is home to 40 million people and also attracts the most foreign visitors. The Conjunctural Survey of Retail revealed that first quarter growth for retail trade reached 7.3 per cent in Sao Paulo. The major factors for the boom are said to be the increasing credit available and the higher income rates in the metropolitan region. A booming economy could be good news for the investors considering property purchase in Sao Paulo as it is seen to underline the region’s prosperity.

Labels: Latest-News, Sao Paulo

Brazilian property is set to benefit from the news that the 2014 soccer World Cup will be held in Brazil, alongside infrastructure improvements.

Brazil has invested around £550 million to modernize its stadiums, including the Maracanã in Rio de Janeiro which also hosted the 1950 World Cup final. This, along with several improvements to public transport and airports, will place Brazil firmly on the overseas property investor map.
Brazil will now have to make provisions for the huge volumes of travelers to the country, looking for quality hotels and recreational activities during their stay for the football tournament. VRG airlines have launched a new flight route between Rio de Janeiro, Sao Paulo and London recently. A Place in the Sun Magazine has reported that the transport networks up gradation for the event will have a "big impact" and will "drive the significance" of Rio de Janeiro.

According to Reuters, there has been an "explosion" of economic growth in the nation, which lifted many out of poverty and made more people prosperous. Richard Way, editor of the travel magazine, said that Sao Paulo and Rio are the main hubs of this middle class boom. Most areas in southern Rio have seen "massive growth" in property values recently and have experienced a 15 per cent increase over the last three years.

This comes after the new report by Cater Allen base which has revealed that Rio de Janeiro is among several destinations considered to be celebrity hotspots by holidaymakers.

Labels: Buying-property, Overseas-property, Sao Paulo

Overseas investors looking at property in Brazil could be interested to hear about the new flights by Copa Airlines opening between Panama to Belo Horizonte, the third largest city in Brazil.

The carrier will offer passage on week days, further opening up the destination to leisure travelers and business people. This is Copa airline's fourth destination in Brazil, with the others being located in Rio de Janiero, Sao Paulo and Manaus. Pedro Heilbron, chief executive officer, Copa Airlines has stated that there has been huge demand from passengers for additional scheduled services to Brazil and it would also be expanding its operations in Latin America.

Belo Horizonte will be likely to attract more visitors and boost the local tourism industry as a result of the new flights, since it is already a "favoured destination" among holidaymakers. The increased interest in the region could result in a surge of tourism which could potentially impact on demand for temporary lodgings in these areas, a development which may be of interest to rental investors.

Meanwhile, ANBA has reported that the number of passengers flying on Brazilian operated flights increased by 40 per cent during the first half of the year according to figures from the nation's Civil Aviation Agency (Anac).

Labels: Travel

Overseas investors considering buying property in Brazil could be interested to hear that foreign investment in Brazil has continued to soar, according to reports.

ANBA has reported that foreign direct investment (FDI) for the first seven months of 2008 has reached $19.94 billion and the amount of FDI in Brazil totaled $3.24 billion in July alone, showing a considerable growth per cent from the same time last year. The expectation for the entry of foreign direct investment this year is expected to $35 billion and FDI in 2007 was twice that of 2006. According to a report released by the Central Bank of Brazil, the services sector had received the largest volume of funds which suggests that tourism in Brazil is booming.

Altamir Lopes, the head of the economic department at the Central Bank said that Brazilian property sector is in a healthy state and one of the key contributors of the rising FDI. Meanwhile, the central bank's predicts Brazil's economy will prosper further as it increased its projected economic growth from 4.66 per cent to 4.69 per cent. This suggests that the country's booming economy is more competitive and the financial buoyancy will continue in the future.

The FedEx economist Kellie Maske tipped Brazil as one of the "most dynamic" economies for growth potential and despite the "huge economic growth" currently underway in the nation property prices there still remain low.

This comes after the news that Standard & Poor ratings have placed the country in a group that presents low risk to investors.

Labels: Economy, Market-Trends, Property-prices