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Natal new airport will see property investments soar

Saturday, July 4, 2009

Natal is a major tourist destination in Brazil and demand for property is predicted to rise as it will be home to the world's fourth largest airport set to be completed in 2010 in San Gonzalvo.

There are major updates in transport, the environment, infrastructures, and tourism management bodies taking place including the redevelopment of airports. Keen to stake its claim in the Brazilian skies cheap and cheerful carrier, international airlines are busy setting up new flight routes, there is already a direct route to Natal's Augusto Severo Airport from Portugal, and many charter flights from European cities.

The Brazilian government in the north east initiated a large public investment programme for the North east to capitalize on the regions superb natural resources. Some of this investment has been allocated to build a massive new Airport which with certainly have a positive impact of both industry and tourism. San Gonzalvo airport is due to open in 2010 and will be the fourth largest airport in the world, significantly increasing the number of direct flights to and from Natal in the north-eastern region of the country.

"Natal is moving fast," says Graeme Grant, of Resort Group International. "Aside from its beautiful surroundings, it's low cost of living - less than 20 per cent of the UK - and the investment in new hotels, golf courses and resorts is expected to exceed US$1.8 billion [£900 million] over the next five years. This activities has attracted further private investment and specifically from international tourist and residential property developers.

Meanwhile, FIFA has announced that Natal is one of the Brazilian cities which will host the World Cup in 2014. It is estimated that about U$ 27 billion is going to be invested to improve infrastructure and modernize facilities. This is expected to project Natal to the world, bringing more tourists and placing Natal definitively on top of tourism destinations.

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posted by EstatesNewz, 9:24 PM

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