Brazilian government relaxes its grip on air fares
Wednesday, April 29, 2009
Brazilian tourism could get a major boost from the government's decision to eliminate the minimum international flight prices within the next year.
According to the Diário Oficial (Federal Daily Gazette), the country's National Agency of Civil Aviation (ANAC) authorized the granting of discounts of 20% on established minimum fares for international travel outside South America.
Currently all Brazilian air fares must respect a minimum price but once the decision is published in the Official Gazette air carriers will be able to offer 20% rebates on the current fares. Three months later the rebate will increase to 50%, and another three months later to 80%. Six months later minimum prices will disappear and companies will be able to offer whatever fares they wish.
The discounts will be applicable to a list of ANAC minimum or floor fares for flights to, Asia, Africa, North America, Central America, Europe and Oceania. Earlier, last year ANAC had applied a similar gradual system for flights to South American countries originating in Brazil, which culminated last September. Brazilian domestic flights were the first to benefit from the new fares system, which is contemplated in the ANAC creation Bill.
According to Marcelo Guaranys, ANAC's director, the real reduction of price will depend on the competition between the Airlines. "Where there's more market competition the reduction will be higher. So, we imagine that markets like the United States and some European destinations will have a reduction in the short term" he comments.
Social BookmarkingAccording to the Diário Oficial (Federal Daily Gazette), the country's National Agency of Civil Aviation (ANAC) authorized the granting of discounts of 20% on established minimum fares for international travel outside South America.
Currently all Brazilian air fares must respect a minimum price but once the decision is published in the Official Gazette air carriers will be able to offer 20% rebates on the current fares. Three months later the rebate will increase to 50%, and another three months later to 80%. Six months later minimum prices will disappear and companies will be able to offer whatever fares they wish.
The discounts will be applicable to a list of ANAC minimum or floor fares for flights to, Asia, Africa, North America, Central America, Europe and Oceania. Earlier, last year ANAC had applied a similar gradual system for flights to South American countries originating in Brazil, which culminated last September. Brazilian domestic flights were the first to benefit from the new fares system, which is contemplated in the ANAC creation Bill.
According to Marcelo Guaranys, ANAC's director, the real reduction of price will depend on the competition between the Airlines. "Where there's more market competition the reduction will be higher. So, we imagine that markets like the United States and some European destinations will have a reduction in the short term" he comments.
Labels: Tourism
Standard and Poor reiterates Brazil's credit rating
Wednesday, April 22, 2009
Brazil has maintained its investment-grade credit rating in Standard and Poor's latest report due to its external liquidity position and improved fiscal dynamics.
Standard and Poor's analysts said in a statement that the BBB rating reflects the dramatic improvement in Brazil's external and public sector balance sheet. It also praised Brazilian government for their commitment to low inflation and a primary budget surplus "that has dispelled previous concerns over medium-term fiscal sustainability." The analysts added that declining interest rates will progress growth and reduce the cost of government debt, while Brazil’s change to a net creditor from a net debtor will help shield the country from global economic recession.
Brazil was appointed investment grade by Standard and Poor's at the end of April 2008 and in the latest report it has retained the credit rating. President Luiz Inacio Lula da Silva's popularity also will be supportive in pushing through policy changes needed to tackle "significant economic challenges" this year; however, S&P expects Brazil's economy to shrink 1 percent in 2009.
During an address at an investor conference in New York, Brazilian president contradicted predictions that the country's financial system will shrink in 2009 and said that it will expand this year as the economy was well prepared for the global financial crisis.
"We will grow in 2009 less than what we would like, less than we could grow if there was no external crisis. But we will grow," he said
The stable outlook on the BBB- long-term credit rating, the lowest investment-grade level, is "supported by the government's commitment to prudent macroeconomic policies," bloomberg .com reports.
Social BookmarkingStandard and Poor's analysts said in a statement that the BBB rating reflects the dramatic improvement in Brazil's external and public sector balance sheet. It also praised Brazilian government for their commitment to low inflation and a primary budget surplus "that has dispelled previous concerns over medium-term fiscal sustainability." The analysts added that declining interest rates will progress growth and reduce the cost of government debt, while Brazil’s change to a net creditor from a net debtor will help shield the country from global economic recession.
Brazil was appointed investment grade by Standard and Poor's at the end of April 2008 and in the latest report it has retained the credit rating. President Luiz Inacio Lula da Silva's popularity also will be supportive in pushing through policy changes needed to tackle "significant economic challenges" this year; however, S&P expects Brazil's economy to shrink 1 percent in 2009.
During an address at an investor conference in New York, Brazilian president contradicted predictions that the country's financial system will shrink in 2009 and said that it will expand this year as the economy was well prepared for the global financial crisis.
"We will grow in 2009 less than what we would like, less than we could grow if there was no external crisis. But we will grow," he said
The stable outlook on the BBB- long-term credit rating, the lowest investment-grade level, is "supported by the government's commitment to prudent macroeconomic policies," bloomberg .com reports.
Labels: Economy, Investment-property
Increasing number of people is looking for Brazilian property online
Tuesday, April 14, 2009
Increasing number of people is searching for Brazilian property online as the Brazilian market is offering some outstanding opportunities for investment.
According to Homesoverseas.co.uk research, the South American nation is the tenth most enquired about location on its website and has moved up from 15th position in the previous survey, based on country page and property views. Homes Overseas Magazine, the top Overseas Property magazine in the UK has reported that Brazil is in third place in the Top 10 Locations for Overseas Property Investment.
However, research from Doing business indicates that standards vary significantly across the country when it comes to commercial activities like setting up business, construction, protecting investors etc, there are a number of government and private organizations, that are facilitating overseas companies to overcome the language and cultural barriers. Brazilian Government investment in infrastructure coupled with low property prices, relatively low cost of living and an exotic climate have put Brazil on the radar of international agents and investors.
The Jan/Feb 2009 issue of Homes Overseas Magazine also states that good yields are available for investors in Brazil property, but buyers need to choose their locations carefully. Property in Rio de Janeiro at between 7.5 and 9.6 per cent, property in Sao Paolo at between 4 and 9.6 per cent, Fortaleza property offers up to seven percent, property in Bahia and Brasilia, with smaller units generally offering better returns.
In related news, Emirates Business 24/7 reports that Brazil is among ten real estate "hotspots" that still offer a good investment opportunity and has "considerable untapped potential" for those looking to spend their money on bricks and mortar.
Social BookmarkingAccording to Homesoverseas.co.uk research, the South American nation is the tenth most enquired about location on its website and has moved up from 15th position in the previous survey, based on country page and property views. Homes Overseas Magazine, the top Overseas Property magazine in the UK has reported that Brazil is in third place in the Top 10 Locations for Overseas Property Investment.
However, research from Doing business indicates that standards vary significantly across the country when it comes to commercial activities like setting up business, construction, protecting investors etc, there are a number of government and private organizations, that are facilitating overseas companies to overcome the language and cultural barriers. Brazilian Government investment in infrastructure coupled with low property prices, relatively low cost of living and an exotic climate have put Brazil on the radar of international agents and investors.
The Jan/Feb 2009 issue of Homes Overseas Magazine also states that good yields are available for investors in Brazil property, but buyers need to choose their locations carefully. Property in Rio de Janeiro at between 7.5 and 9.6 per cent, property in Sao Paolo at between 4 and 9.6 per cent, Fortaleza property offers up to seven percent, property in Bahia and Brasilia, with smaller units generally offering better returns.
In related news, Emirates Business 24/7 reports that Brazil is among ten real estate "hotspots" that still offer a good investment opportunity and has "considerable untapped potential" for those looking to spend their money on bricks and mortar.
Labels: Buying-property, Market-Trends
The World Cup will bring huge real-estate profits to Brazil
Friday, April 10, 2009
The property market in Brazil has performed very well in recent times and Brazilian property is set to benefit from new infrastructure being put in place for the 2014 World Cup, it has being claimed.
Brazil is in the throes of preparing for the 2014 World Cup finals which will again put the country in a prime position to attract overseas investors and overseas visitors. There are vast improvements on the country's roads and a growing international and domestic commercial flight market has opened up so many different areas of the country. Erin Scott, trend analyst at Property Abroad, says investors are looking to invest while prices are low, expecting them to rise again in the run up to the World Cup in 2014.
Ronan McMahon, writing for Nuwire Investor has stated that the government has already committed itself to further infrastructure investment and the proposed $23.5 billion (£15.8 billion) investment in transportation will draw an extra influx of investors looking to buy Brazilian property due to the World Cup effect, citing the example of South Africa, where prices rose by 35 per cent in 2005 in advance of it hosting the tournament next year. The Brazilian Football Confederation (CBF) has estimated that the stadiums alone would involve investments of $1.1 billion, which it says would come from the private sector. "The world cup will leave an important inheritance for the future," said Teixeira. "There will be improvements in transport infrastructure, hospitals and a significant improvement in public security."
Richard Way, editor of A Place in the Sun Magazine maintains the transport networks being laid down in preparation for 2014 World Cup finals will have a "big impact" and will "drive the significance" of Rio de Janeiro. He added that the Latin American country's largest airport is planned for the north-eastern city of Natal where there is indication the area is growing into a tourist hub.
Commenting on the he construction work happening in Rio, Tourism minister Luiz Barretto has said that this will provide economic dynamism, which is very important, to the tourism industry. The hotel sector is going to grow, as well as the restaurant sector, and that should lead to an expansion of tourism in this region of the state. Obviously, an increasing number of visitors could be good news for anybody looking to buy Brazilian property.
Brazil is in the throes of preparing for the 2014 World Cup finals which will again put the country in a prime position to attract overseas investors and overseas visitors. There are vast improvements on the country's roads and a growing international and domestic commercial flight market has opened up so many different areas of the country. Erin Scott, trend analyst at Property Abroad, says investors are looking to invest while prices are low, expecting them to rise again in the run up to the World Cup in 2014.
Ronan McMahon, writing for Nuwire Investor has stated that the government has already committed itself to further infrastructure investment and the proposed $23.5 billion (£15.8 billion) investment in transportation will draw an extra influx of investors looking to buy Brazilian property due to the World Cup effect, citing the example of South Africa, where prices rose by 35 per cent in 2005 in advance of it hosting the tournament next year. The Brazilian Football Confederation (CBF) has estimated that the stadiums alone would involve investments of $1.1 billion, which it says would come from the private sector. "The world cup will leave an important inheritance for the future," said Teixeira. "There will be improvements in transport infrastructure, hospitals and a significant improvement in public security."
Richard Way, editor of A Place in the Sun Magazine maintains the transport networks being laid down in preparation for 2014 World Cup finals will have a "big impact" and will "drive the significance" of Rio de Janeiro. He added that the Latin American country's largest airport is planned for the north-eastern city of Natal where there is indication the area is growing into a tourist hub.
Commenting on the he construction work happening in Rio, Tourism minister Luiz Barretto has said that this will provide economic dynamism, which is very important, to the tourism industry. The hotel sector is going to grow, as well as the restaurant sector, and that should lead to an expansion of tourism in this region of the state. Obviously, an increasing number of visitors could be good news for anybody looking to buy Brazilian property.
Labels: Infrastructure, Market-Trends
Brazil has been named top exotic and thrilling adventure destination
Wednesday, April 1, 2009
The Brazilian property market offers good vacation rental opportunities for investors as Brazil has been named the best destination in the world for adventure travel.
Brazil which caters for high-end travelers searching for adventure and unique experiences has bagged top spot in National Geographic rankings, the second time it has won in this category in the past three years.
Brazilian tourism authorities have stated that 'This is a wonderful accolade for our country'. Brazilian Tourism has applauded the efforts of the adventure industry and the valuable contribution made to keeping Brazil in top of mind when it comes to accolades and visitor choice.
National Geographic's travel and tourism director, Bryan Kinkade, said it was vital to build on the experiential tourism market, adding that Brazil experience-rich destinations were perfectly positioned to attract a bigger slice of the market. He added that Brazil was chosen because of its excellent infrastructure, the many natural sites and pristine beaches it offers and the enhanced access to the Amazon, reports etravelblackboard.com.
An article in MSNBC list world's top 10 rain forests and obviously Amazon is in the list. According to the Rainforest Alliance, an organization based in New York City, The majority of rain forests are in the Amazon, which is the largest on the planet; Diane Jukofsky, director of communications, marketing and education at the Rainforest Alliance "actually, the best way to experience a rainforest is to hike through it. That could mean trekking through dense jungle or following well-marked trails". "This gives visitors a chance to really absorb the scenery and see the wildlife, plants and flowers that make the rainforest special," He added.
According to Laura Rendell-Dunn, marketing manager at Journey Latin America, The diversity of lifestyle, culture and cuisine is also a draw for foreigners. Visitors looking to get away for the weekend or sample a different side of Brazilian life, Ms Rendell-Dunn say there is a plenty of other attractions such as colonial towns, rainforests and countryside as well as there are all kinds of activity sports, like white water rafting, for the more adventurous.
Samantha Gore, sales manager at uv10, asserts that the investors like to use their property for one or two holidays a year and then rent it out for the rest of the time.
"You've got a long rental season because it is sunny all year round and a long tourist season you can rent it out for," Ms Gore explains.
Social BookmarkingBrazil which caters for high-end travelers searching for adventure and unique experiences has bagged top spot in National Geographic rankings, the second time it has won in this category in the past three years.
Brazilian tourism authorities have stated that 'This is a wonderful accolade for our country'. Brazilian Tourism has applauded the efforts of the adventure industry and the valuable contribution made to keeping Brazil in top of mind when it comes to accolades and visitor choice.
National Geographic's travel and tourism director, Bryan Kinkade, said it was vital to build on the experiential tourism market, adding that Brazil experience-rich destinations were perfectly positioned to attract a bigger slice of the market. He added that Brazil was chosen because of its excellent infrastructure, the many natural sites and pristine beaches it offers and the enhanced access to the Amazon, reports etravelblackboard.com.
An article in MSNBC list world's top 10 rain forests and obviously Amazon is in the list. According to the Rainforest Alliance, an organization based in New York City, The majority of rain forests are in the Amazon, which is the largest on the planet; Diane Jukofsky, director of communications, marketing and education at the Rainforest Alliance "actually, the best way to experience a rainforest is to hike through it. That could mean trekking through dense jungle or following well-marked trails". "This gives visitors a chance to really absorb the scenery and see the wildlife, plants and flowers that make the rainforest special," He added.
According to Laura Rendell-Dunn, marketing manager at Journey Latin America, The diversity of lifestyle, culture and cuisine is also a draw for foreigners. Visitors looking to get away for the weekend or sample a different side of Brazilian life, Ms Rendell-Dunn say there is a plenty of other attractions such as colonial towns, rainforests and countryside as well as there are all kinds of activity sports, like white water rafting, for the more adventurous.
Samantha Gore, sales manager at uv10, asserts that the investors like to use their property for one or two holidays a year and then rent it out for the rest of the time.
"You've got a long rental season because it is sunny all year round and a long tourist season you can rent it out for," Ms Gore explains.
