Brazilian property event Attracts £144m of investment
Sunday, May 31, 2009
The fourth annual business-to-business tourism and real estate event generated R$ 457 million worth of investment capital for the Northeast region of Brazil.
Nordeste Invest, was held at the Maceió Convention Center, in the state of Alagoas from 31st March till 2nd April 2009. The event was attended by Over 100 businesses of 17 different nationalities gathered at the Convention Centre in order to find out about the opportunities of investment in the Brazilian Northeast region. Nordeste Invest was held for the first time in March 2006 and the second event was held in Salvador Bahia consolidated the event as a meeting point for international investors.
Many UK businesses which attended this year's conference have already formed business collaborations with Brazilian companies which include Salamanca Capital from London, Kapital International from Scotland and Property Frontiers in Oxford. The event attracted 1320 participating exhibitors and collaborators; and 105 international investors, of which 73 were funded by ADIT Nordeste and APEX Brazil as delegates from countries such as: Spain, Argentina, Portugal, UK, Italy, France and the United States.
Colony Capital, from US, one of the biggest real estate private equity companies in the world also attended the event to expand their investments in Brazil. Ben Jefferis of Property Frontiers in UK says: "We consider Brazil to be one of the destinations where it is possible to invest in real estate with good return conditions because of the region’s market’s growth projection." This confidence stems again from the region’s economic and political stability demonstrated in the past.
EMBRATUR, the Government's Tourism division, pledged over £2 million to the region at the event. Jeanine Pires President of EMBRATUR, commented; "We want to promote the natural and cultural diversity of Brazil. We want to draw attention to the possible experiences on offer in our sensational country at any time of year; invite people to seek more information about the different types of travel available in Brazil for pleasure or for business."
Social BookmarkingNordeste Invest, was held at the Maceió Convention Center, in the state of Alagoas from 31st March till 2nd April 2009. The event was attended by Over 100 businesses of 17 different nationalities gathered at the Convention Centre in order to find out about the opportunities of investment in the Brazilian Northeast region. Nordeste Invest was held for the first time in March 2006 and the second event was held in Salvador Bahia consolidated the event as a meeting point for international investors.
Many UK businesses which attended this year's conference have already formed business collaborations with Brazilian companies which include Salamanca Capital from London, Kapital International from Scotland and Property Frontiers in Oxford. The event attracted 1320 participating exhibitors and collaborators; and 105 international investors, of which 73 were funded by ADIT Nordeste and APEX Brazil as delegates from countries such as: Spain, Argentina, Portugal, UK, Italy, France and the United States.
Colony Capital, from US, one of the biggest real estate private equity companies in the world also attended the event to expand their investments in Brazil. Ben Jefferis of Property Frontiers in UK says: "We consider Brazil to be one of the destinations where it is possible to invest in real estate with good return conditions because of the region’s market’s growth projection." This confidence stems again from the region’s economic and political stability demonstrated in the past.
EMBRATUR, the Government's Tourism division, pledged over £2 million to the region at the event. Jeanine Pires President of EMBRATUR, commented; "We want to promote the natural and cultural diversity of Brazil. We want to draw attention to the possible experiences on offer in our sensational country at any time of year; invite people to seek more information about the different types of travel available in Brazil for pleasure or for business."
Labels: British, Investment-property
Pipa property is a safe bet for foreign investors
Thursday, May 28, 2009
Pipa offers fantastic opportunities for Brazilian property investors as it is a "very safe bet", according to an expert.
Brazilian property specialist uv10 new development project named Pipa Beach; where an old, ruined house is being knocked down to make way for six luxury apartments. Samantha Gore, sales director at uv10, reveals that The Pipa Beleza is proving particularly popular with Brazilian property investors as the project is due to finish construction in October and 41 out of the 49 homes have already been sold
Ms Gore stated that Pipa conforms to the old investment adage, with demand prevails over supply at the moment and it is "tried and tested" market for rentals. One-bedroom apartments in Pipa beach potentially commanding up to 200 reais (£62.70) a day in high season. However, the strict ecological protections mean that construction is controlled so there are very few small developments and demand is increasing, she asserts.
She added that Pipa also has good access to travel links as it is just an hour away from Natal, where one of the world's biggest airports is currently being built.
Meanwhile, Paul Irvine, co-founder of Dehouce, recently stated that Brazilian property buyers are motivated by good capital appreciation in the country, according to Dailymail reports.
Social BookmarkingBrazilian property specialist uv10 new development project named Pipa Beach; where an old, ruined house is being knocked down to make way for six luxury apartments. Samantha Gore, sales director at uv10, reveals that The Pipa Beleza is proving particularly popular with Brazilian property investors as the project is due to finish construction in October and 41 out of the 49 homes have already been sold
Ms Gore stated that Pipa conforms to the old investment adage, with demand prevails over supply at the moment and it is "tried and tested" market for rentals. One-bedroom apartments in Pipa beach potentially commanding up to 200 reais (£62.70) a day in high season. However, the strict ecological protections mean that construction is controlled so there are very few small developments and demand is increasing, she asserts.
She added that Pipa also has good access to travel links as it is just an hour away from Natal, where one of the world's biggest airports is currently being built.
Meanwhile, Paul Irvine, co-founder of Dehouce, recently stated that Brazilian property buyers are motivated by good capital appreciation in the country, according to Dailymail reports.
Labels: Buying-property, Market-Trends, Pipa
Cyrela reports increase in net operating revenue
Wednesday, May 27, 2009
Brazilian property builder Cyrela has reported increase in net operating revenue for the first quarter of the year.
Cyrela Brazil Realty is Brazil's largest developer of residential properties. It currently operates in 17 states and 55 cities in Brazil, and also in Argentina. According to Dow Jones Newswires, The Company has reported net profit of 100 million reais (£31.5 million) for the first quarter of the year, up from 68.5 million reais during the same period in 2008. Net revenue stood at 671 million reais for the January to March period, up from 550 million reais in the first quarter of 2008.
Elie Horn, chairman of Cyrela's board of directors stated that in residential sector, the company is growing at 80% to 90% a year for the past three or four years. In 2009, the growth was in low-income, middle-income and high-income. It was in the all sectors of Brazil. Of course, low-income is the category that is supposed to grow more because more people willing to buy such apartments.
Meanwhile, another Brazilian property builder Gafisa has reported a 59 per cent increase in net operating revenue for the first quarter of the year with the income of 541.9 million reais (£171 million), up from 340 million reais for the same period in 2008. The company has managed to "successfully ramp up" its sales efforts, generating over 558 million reais worth of income. The rise in returns has been attributed to an increase in sales of Brazil real estate during the first three months of the year.
Social BookmarkingCyrela Brazil Realty is Brazil's largest developer of residential properties. It currently operates in 17 states and 55 cities in Brazil, and also in Argentina. According to Dow Jones Newswires, The Company has reported net profit of 100 million reais (£31.5 million) for the first quarter of the year, up from 68.5 million reais during the same period in 2008. Net revenue stood at 671 million reais for the January to March period, up from 550 million reais in the first quarter of 2008.
Elie Horn, chairman of Cyrela's board of directors stated that in residential sector, the company is growing at 80% to 90% a year for the past three or four years. In 2009, the growth was in low-income, middle-income and high-income. It was in the all sectors of Brazil. Of course, low-income is the category that is supposed to grow more because more people willing to buy such apartments.
Meanwhile, another Brazilian property builder Gafisa has reported a 59 per cent increase in net operating revenue for the first quarter of the year with the income of 541.9 million reais (£171 million), up from 340 million reais for the same period in 2008. The company has managed to "successfully ramp up" its sales efforts, generating over 558 million reais worth of income. The rise in returns has been attributed to an increase in sales of Brazil real estate during the first three months of the year.
Labels: Latest-News
Brazil top eco-friendly property investment destination
Sunday, May 24, 2009
The property developers in Brazil are leading the way in making sure that their projects minimize the impact they have upon the natural resources of their surroundings and also the residents are more likely to purchase green electricity for their home than inhabitants in any other country, according to the latest research.
In the second annual survey to measure and monitor consumer behaviors that have an impact on the environment, National Geographic and the international polling firm GlobeScan have found that residential property in Brazil registered the best housing scores along with India, as they are found to be the most environmentally friendly across the categories of housing, transportation, food and goods.
The Greendex study included questions on energy use and conservation, transportation choices, food sources, the relative use of green products, attitudes towards the environment and sustainability and awareness of environmental issues. Terry Garcia, executive vice president of National Geographic's, Mission Programs commented: "Interestingly, the economic upheaval appears to have had a silver lining for the environment."
The government authorities have kept tight restrictions on the projects they allow to be built and are trying to make sure they fit in with the natural environment. The developers on the other hand are seeing the benefit of building low-density projects and using the protection of the environment as a way of attracting a different kind of buyer.
According to the United Nations (UN) World Tourism Organization, Eco- tourism is getting popular in Brazil due to its plethora of world heritage sites, including Igaucu national park and the Amazon Conservation Complex. Laura Rendell-Dunn, marketing manager for Journey Latin America, asserts that Brazil is the "perfect destination" for travelers looking for nature, adventure and culture, as "it offers something for everybody".
Social BookmarkingIn the second annual survey to measure and monitor consumer behaviors that have an impact on the environment, National Geographic and the international polling firm GlobeScan have found that residential property in Brazil registered the best housing scores along with India, as they are found to be the most environmentally friendly across the categories of housing, transportation, food and goods.
The Greendex study included questions on energy use and conservation, transportation choices, food sources, the relative use of green products, attitudes towards the environment and sustainability and awareness of environmental issues. Terry Garcia, executive vice president of National Geographic's, Mission Programs commented: "Interestingly, the economic upheaval appears to have had a silver lining for the environment."
The government authorities have kept tight restrictions on the projects they allow to be built and are trying to make sure they fit in with the natural environment. The developers on the other hand are seeing the benefit of building low-density projects and using the protection of the environment as a way of attracting a different kind of buyer.
According to the United Nations (UN) World Tourism Organization, Eco- tourism is getting popular in Brazil due to its plethora of world heritage sites, including Igaucu national park and the Amazon Conservation Complex. Laura Rendell-Dunn, marketing manager for Journey Latin America, asserts that Brazil is the "perfect destination" for travelers looking for nature, adventure and culture, as "it offers something for everybody".
Labels: Environment-friendly
Brazil to account for 30% of Latin American oil demand by 2013
Wednesday, May 20, 2009
Brazil will account for 31.80% of Latin American regional oil demand by 2013, while providing 27.36% of supply, according to a new report.
According to the Brazil Oil and Gas Report Q2 2009 by Business Monitor International forecasts, Demand from foreign buyers for oil exports is currently exceeding the pace of supply expansion and Brazil will account for over 30 per cent of Latin America's regional fuel demand by 2013.
The 2009 BMI gas oil forecast is for an average price of US$67 per barrel (bbl), assuming a monthly high of US$77.30/bbl in December which will be a 45% downturn from the 2008 level. This could see a significant amount of income generated for the Brazilian economy by oil sales meaning property investors in could benefit.
With Oil consumption between 2007 and 2018 is set to increase by 41%, Experts are forecasting an increase in Brazilian oil production of 135%, with crude volumes rising steadily to 4.3mn b/d by 2018. Gas production is expected to rise gradually, from an estimated 12.5bcm in 2008 to 35.0bcm by 2018. As a result of this, Brazilian real GDP growth is now predicted by BMI at 2.3% for 2009, followed by a 2.6% growth in 2010, 4.3% in 2011, followed by 4.5% in 2012 and 4.1% in 2013.
Recently, evidence of oil was found in the Santos Basin and the C-M-401 block in the Campos Basin off the coast off Rio de Janeiro. Paulo Wrobel, representative from the economic and trade sector of the Brazilian embassy commented: "There is a consensus now, not only in Brazil but amongst other countries, that they represent probably the largest discovery of oil of the last 25 to 30 years. It is quite a large deposit of oil and gas there; it is a boom area in Brazil and attracting a lot of interest from foreign investors because most of it is under control of the Brazil's state-controlled energy company Petrobras."
Petrobras announced plans to build five new oil refineries at a cost of more than £60 billion in Brazil by 2017. The refineries are likely to fuel demand in parts of the Brazilian property market, as they will lead to thousands of jobs being created both at the sites themselves and in support industries.
Social BookmarkingAccording to the Brazil Oil and Gas Report Q2 2009 by Business Monitor International forecasts, Demand from foreign buyers for oil exports is currently exceeding the pace of supply expansion and Brazil will account for over 30 per cent of Latin America's regional fuel demand by 2013.
The 2009 BMI gas oil forecast is for an average price of US$67 per barrel (bbl), assuming a monthly high of US$77.30/bbl in December which will be a 45% downturn from the 2008 level. This could see a significant amount of income generated for the Brazilian economy by oil sales meaning property investors in could benefit.
With Oil consumption between 2007 and 2018 is set to increase by 41%, Experts are forecasting an increase in Brazilian oil production of 135%, with crude volumes rising steadily to 4.3mn b/d by 2018. Gas production is expected to rise gradually, from an estimated 12.5bcm in 2008 to 35.0bcm by 2018. As a result of this, Brazilian real GDP growth is now predicted by BMI at 2.3% for 2009, followed by a 2.6% growth in 2010, 4.3% in 2011, followed by 4.5% in 2012 and 4.1% in 2013.
Recently, evidence of oil was found in the Santos Basin and the C-M-401 block in the Campos Basin off the coast off Rio de Janeiro. Paulo Wrobel, representative from the economic and trade sector of the Brazilian embassy commented: "There is a consensus now, not only in Brazil but amongst other countries, that they represent probably the largest discovery of oil of the last 25 to 30 years. It is quite a large deposit of oil and gas there; it is a boom area in Brazil and attracting a lot of interest from foreign investors because most of it is under control of the Brazil's state-controlled energy company Petrobras."
Petrobras announced plans to build five new oil refineries at a cost of more than £60 billion in Brazil by 2017. The refineries are likely to fuel demand in parts of the Brazilian property market, as they will lead to thousands of jobs being created both at the sites themselves and in support industries.
Labels: Economy, Latest-News
Investors attracted by healthy Brazilian economy
Sunday, May 17, 2009
Investors are advised to look at property for sale in Brazil because of the country's strong economy, according to an expert.
James Gonzalez, market analyst at Obelisk Investment Property, says that the country is "stable" under the leadership of President Luiz Inacio Lula da Silva and says the economy is "thriving" as the exports grew by nearly 15 per cent last month and people have the confidence to spend money. The Economic Commission for Latin America also reported that the country's stock market registered a healthy trade surplus of $3,700 billion (£2,456 billion). Mr. Gonzalez has said that this tendency looks set to continue for the rest of the year, which is likely to be good news for Brazilian property investors
Paulo Wrobel, from the commercial section of the Brazilian embassy in London states that South American nation is likely to perform better during the recession than developed countries because the markets are "very robust". Mr. Wrobel asserts that the regulations in place in Brazil are very strict for the last decade or so and the country has not seen the kind of turmoil experienced by other major powers.
He commented: "The construction is growing quite substantially but there was no madness in terms of lending for those without the capacity to pay."
A consensus between analysts in the field of Latin American finances has found that Brazil and Mexico will be the healthiest economies in Latin America in 2009, Property Abroad reports. Property investors in Brazil will also experience a stronger-than-average drop in inflation, the magazine asserts.
Meanwhile, Brazilian property investors could be interested to hear that Mr Meirelles, the president of the Latin American nation's Central Bank predicts the economy will grow at a rate faster than the global forecast of two per cent.
Social BookmarkingJames Gonzalez, market analyst at Obelisk Investment Property, says that the country is "stable" under the leadership of President Luiz Inacio Lula da Silva and says the economy is "thriving" as the exports grew by nearly 15 per cent last month and people have the confidence to spend money. The Economic Commission for Latin America also reported that the country's stock market registered a healthy trade surplus of $3,700 billion (£2,456 billion). Mr. Gonzalez has said that this tendency looks set to continue for the rest of the year, which is likely to be good news for Brazilian property investors
Paulo Wrobel, from the commercial section of the Brazilian embassy in London states that South American nation is likely to perform better during the recession than developed countries because the markets are "very robust". Mr. Wrobel asserts that the regulations in place in Brazil are very strict for the last decade or so and the country has not seen the kind of turmoil experienced by other major powers.
He commented: "The construction is growing quite substantially but there was no madness in terms of lending for those without the capacity to pay."
A consensus between analysts in the field of Latin American finances has found that Brazil and Mexico will be the healthiest economies in Latin America in 2009, Property Abroad reports. Property investors in Brazil will also experience a stronger-than-average drop in inflation, the magazine asserts.
Meanwhile, Brazilian property investors could be interested to hear that Mr Meirelles, the president of the Latin American nation's Central Bank predicts the economy will grow at a rate faster than the global forecast of two per cent.
Labels: Economy, Investment-property
Private investment in Brazil on the rise
Monday, May 11, 2009
The Brazilian government is keen to encourage the private sector to inject money into its infrastructure expansion plans.
Vale, Brazilian mining company has announced plans to spend US$ 3 billion adding 546 km to the Estrada de Ferro Carajás railroad, alongside construction of an additional 104 km of tunnels, railroads, bridges, viaducts and loading systems, as well as the US$ 163 million expansion plan for Ponta da Madeira port, in Maranhão state. The government also expects the new regulations will attract investors to expand the country's port network.
Pedro Brito, head of its special ports department (SEP) commented: "in the first five years, we expect to attract investments of US$ 9.05 billion. The concessions will be valid for 25 years and can be extended for another 25. Bid winners will have the right to built and manage the ports, as well as transport third-party cargo". The two first new ports to be offered this year are expected to be the freshwater port of Manaus in the northern state of Amazonas and the seaport of Ilheus in the northeastern state of Bahia.
According to statistics published by the International Monetary Fund, Brazil will see economic growth of 3.5% by the end of 2010. Laura Rendell-Dunn, marketing manager at Journey Latin America commented "Brazil's economy is booming at the moment so they probably have a lot of money to invest in paving the roads, building new hotels and doing up the stadiums," said Laura Rendell-Dunn.
"That's fantastic news for tourism because if they're investing in infrastructure it makes tourists' adventures around Brazil a lot easier," she concluded.
Social BookmarkingVale, Brazilian mining company has announced plans to spend US$ 3 billion adding 546 km to the Estrada de Ferro Carajás railroad, alongside construction of an additional 104 km of tunnels, railroads, bridges, viaducts and loading systems, as well as the US$ 163 million expansion plan for Ponta da Madeira port, in Maranhão state. The government also expects the new regulations will attract investors to expand the country's port network.
Pedro Brito, head of its special ports department (SEP) commented: "in the first five years, we expect to attract investments of US$ 9.05 billion. The concessions will be valid for 25 years and can be extended for another 25. Bid winners will have the right to built and manage the ports, as well as transport third-party cargo". The two first new ports to be offered this year are expected to be the freshwater port of Manaus in the northern state of Amazonas and the seaport of Ilheus in the northeastern state of Bahia.
According to statistics published by the International Monetary Fund, Brazil will see economic growth of 3.5% by the end of 2010. Laura Rendell-Dunn, marketing manager at Journey Latin America commented "Brazil's economy is booming at the moment so they probably have a lot of money to invest in paving the roads, building new hotels and doing up the stadiums," said Laura Rendell-Dunn.
"That's fantastic news for tourism because if they're investing in infrastructure it makes tourists' adventures around Brazil a lot easier," she concluded.
Labels: Infrastructure
Investors attracted by healthy Brazilian economy
Investors are advised to look at property for sale in Brazil because of the country's strong economy, according to an expert.
James Gonzalez, market analyst at Obelisk Investment Property, says that the country is "stable" under the leadership of President Luiz Inacio Lula da Silva and says the economy is "thriving" as the exports grew by nearly 15 per cent last month and people have the confidence to spend money. The Economic Commission for Latin America also reported that the country's stock market registered a healthy trade surplus of $3,700 billion (£2,456 billion). Mr. Gonzalez has said that this tendency looks set to continue for the rest of the year, which is likely to be good news for Brazilian property investors.
Paulo Wrobel, from the commercial section of the Brazilian embassy in London states that South American nation is likely to perform better during the recession than developed countries because the markets are "very robust". Mr. Wrobel asserts that the regulations in place in Brazil are very strict for the last decade or so and the country has not seen the kind of turmoil experienced by other major powers.
He commented: "The construction is growing quite substantially but there was no madness in terms of lending for those without the capacity to pay."
A consensus between analysts in the field of Latin American finances has found that Brazil and Mexico will be the healthiest economies in Latin America in 2009, Property Abroad reports. Property investors in Brazil will also experience a stronger-than-average drop in inflation, the magazine asserts.
Meanwhile, Brazilian property investors could be interested to hear the president of the Latin American nation's Central Bank predicts the economy will grow at a rate faster than the global forecast of two per cent.
Social BookmarkingJames Gonzalez, market analyst at Obelisk Investment Property, says that the country is "stable" under the leadership of President Luiz Inacio Lula da Silva and says the economy is "thriving" as the exports grew by nearly 15 per cent last month and people have the confidence to spend money. The Economic Commission for Latin America also reported that the country's stock market registered a healthy trade surplus of $3,700 billion (£2,456 billion). Mr. Gonzalez has said that this tendency looks set to continue for the rest of the year, which is likely to be good news for Brazilian property investors.
Paulo Wrobel, from the commercial section of the Brazilian embassy in London states that South American nation is likely to perform better during the recession than developed countries because the markets are "very robust". Mr. Wrobel asserts that the regulations in place in Brazil are very strict for the last decade or so and the country has not seen the kind of turmoil experienced by other major powers.
He commented: "The construction is growing quite substantially but there was no madness in terms of lending for those without the capacity to pay."
A consensus between analysts in the field of Latin American finances has found that Brazil and Mexico will be the healthiest economies in Latin America in 2009, Property Abroad reports. Property investors in Brazil will also experience a stronger-than-average drop in inflation, the magazine asserts.
Meanwhile, Brazilian property investors could be interested to hear the president of the Latin American nation's Central Bank predicts the economy will grow at a rate faster than the global forecast of two per cent.
Labels: Economy, Investment-property
Brazilian tourist board kicking off roadshows in UK
Wednesday, May 6, 2009
The Brazilian tourism board, Embratur, will be launching a series of roadshows in the UK and Ireland that is due to stop in three major cities, reports Ttglive.com.
Embratur will host the information sessions to attract more UK tourists to the South American country and this the third year that the board has organized workshops for the UK travel industry. The Workshop Road Shows will be kicking off in 12th May in London followed by Birmingham, Newcastle, Manchester, Edinburgh and finishing off in Dublin in November. The events will start in the evening from 18:30 BST to 21:20 BST and also includes a prize draw to win a place on Embratur's trips to Brazil.
Chris Fuzinatto, Director of the Brazil Tourist Office for the UK and Ireland, said, “Brazil’s tourist offer is constantly expanding so it's a priority for us to get on the road again and show travel agents what is new." The road show will offer information sessions for travel agents and tourists about what Brazil has to offer, as well as sessions to familiarize them with the Brazilian products, services and destinations based on the commercial expertise.
The dates are:
London 12 May
Birmingham 13 May
Newcastle 14 May
London 21 July
Manchester 22 July
Edinburgh 23 July
Dublin 5 November
Travel agents interested in taking part in any of the road show workshops can contact Chris Fuzinatto on 020-7396 5551 or email ebt.uk@embratur.gov.br.
Social BookmarkingEmbratur will host the information sessions to attract more UK tourists to the South American country and this the third year that the board has organized workshops for the UK travel industry. The Workshop Road Shows will be kicking off in 12th May in London followed by Birmingham, Newcastle, Manchester, Edinburgh and finishing off in Dublin in November. The events will start in the evening from 18:30 BST to 21:20 BST and also includes a prize draw to win a place on Embratur's trips to Brazil.
Chris Fuzinatto, Director of the Brazil Tourist Office for the UK and Ireland, said, “Brazil’s tourist offer is constantly expanding so it's a priority for us to get on the road again and show travel agents what is new." The road show will offer information sessions for travel agents and tourists about what Brazil has to offer, as well as sessions to familiarize them with the Brazilian products, services and destinations based on the commercial expertise.
The dates are:
London 12 May
Birmingham 13 May
Newcastle 14 May
London 21 July
Manchester 22 July
Edinburgh 23 July
Dublin 5 November
Travel agents interested in taking part in any of the road show workshops can contact Chris Fuzinatto on 020-7396 5551 or email ebt.uk@embratur.gov.br.
Labels: Tourism
North-east Brazil offers many investment opportunities
Sunday, May 3, 2009
The Brazilian Northeast has been attracting the attention of foreign companies and Jumeirah Group is the latest in that list which has a continuous strategy to be the biggest luxury hotel chain in the world, this time turning its attention to Brazil's northeast.
James Erlacher, the Senior Vice-President of Development for the Americas will participate in Nordeste Investe 2009 in Maceio, while estimating the company's possibilities of settling in Northeast Brazil. Jumeirah, having their headquarters in Dubai, wants to spread to American soil - and for them, Brazil spikes as a favored area for various reasons: the Brazilian economic and political stability, the progressive middle-class consumption and the 2014 World Cup.
Mr. Erlacher commented: "Brazil has a government that understands the challenges that the global economy faces." "There are many development opportunities in Brazil, particularly in the north-east. Brazil represents a very strategic market for us," he said.
A variety of opportunities have surfaced to promote the tourist-real estate developments in Northeast Brazil and it is bringing developers from an international level. Most potential buyers head to the northeast of the country, where the Fernando de Noronha, Alagoas and the Marau peninsula have been named among the best destinations for beaches.
Property prices in Northeast Brazil have seen stratospheric growth, fuelled by an emerging Brazilian middle class and an international campaign to attract investors to be staged across the whole country. Felipe Cavalcante de Melo Lima, president of the Association for the Development of Tourism and Real Estate in the Brazilian Northeast says "Some locations have seen capital appreciation of more than 1,000% in five years," he predicts a more modest 12% increase for this year.
In related news, David Gordon, commercial director of Qualta Resorts, comments "Northeast Brazil is like southern Spain 10 or 20 years ago and it is a fabulous alternative to Spain and is more affordable than the Caribbean. People are fed up with the classic Costa del Sol pitch, which has become one big ghetto of British people."
Social BookmarkingJames Erlacher, the Senior Vice-President of Development for the Americas will participate in Nordeste Investe 2009 in Maceio, while estimating the company's possibilities of settling in Northeast Brazil. Jumeirah, having their headquarters in Dubai, wants to spread to American soil - and for them, Brazil spikes as a favored area for various reasons: the Brazilian economic and political stability, the progressive middle-class consumption and the 2014 World Cup.
Mr. Erlacher commented: "Brazil has a government that understands the challenges that the global economy faces." "There are many development opportunities in Brazil, particularly in the north-east. Brazil represents a very strategic market for us," he said.
A variety of opportunities have surfaced to promote the tourist-real estate developments in Northeast Brazil and it is bringing developers from an international level. Most potential buyers head to the northeast of the country, where the Fernando de Noronha, Alagoas and the Marau peninsula have been named among the best destinations for beaches.
Property prices in Northeast Brazil have seen stratospheric growth, fuelled by an emerging Brazilian middle class and an international campaign to attract investors to be staged across the whole country. Felipe Cavalcante de Melo Lima, president of the Association for the Development of Tourism and Real Estate in the Brazilian Northeast says "Some locations have seen capital appreciation of more than 1,000% in five years," he predicts a more modest 12% increase for this year.
In related news, David Gordon, commercial director of Qualta Resorts, comments "Northeast Brazil is like southern Spain 10 or 20 years ago and it is a fabulous alternative to Spain and is more affordable than the Caribbean. People are fed up with the classic Costa del Sol pitch, which has become one big ghetto of British people."
Labels: Investment-property, Latest-News
