Lencois - a great location for real estate investors
Monday, December 28, 2009
People looking to invest their money in Brazilian property should travel to some of the lesser-known places and a recent visitor has said that the area of Lencois provides a "great location" for real estate investors.
According to Gringoes.com, Travel writer Alison McGowan stayed in the Alcino Estalagem hidden pousada recently and gave the area a glowing review. She said that Lencois is the main town in the Chapada Diamantina … outside high season, it maintains a well preserved colonial atmosphere with very little traffic and cafes where tourists can sit and drink and chat or work without worrying when they might say it's time to leave.
Lencois, a county in the state of Bahia, Brazil, lies in the diamond highlands. Ms McGowan also commented that as it was once the business centre of the Brazilian diamond trade, the colonial buildings show off a wealth "beyond dreams".Sight-seeing in Lencois consists of all natural activities. Tourists can explore caves, swim in natural pools and waterfalls, and mountain bike old miner tracks. The Chapada Diamantina National Park is one of the most fascinating natural parks Brazilians. The mountainous landscape harbors an extraordinary variety of ecosystems. The Brazilian property expert recommended the trips to Poco Azul and the caves of Lapadoce and Torrinha is 'a must' for adventure lovers.
Meanwhile, Evan Soroka,moved to Brazil eight years ago and told the website that some of the smaller Brazilian property locations "are magical".
Social BookmarkingAccording to Gringoes.com, Travel writer Alison McGowan stayed in the Alcino Estalagem hidden pousada recently and gave the area a glowing review. She said that Lencois is the main town in the Chapada Diamantina … outside high season, it maintains a well preserved colonial atmosphere with very little traffic and cafes where tourists can sit and drink and chat or work without worrying when they might say it's time to leave.
Lencois, a county in the state of Bahia, Brazil, lies in the diamond highlands. Ms McGowan also commented that as it was once the business centre of the Brazilian diamond trade, the colonial buildings show off a wealth "beyond dreams".Sight-seeing in Lencois consists of all natural activities. Tourists can explore caves, swim in natural pools and waterfalls, and mountain bike old miner tracks. The Chapada Diamantina National Park is one of the most fascinating natural parks Brazilians. The mountainous landscape harbors an extraordinary variety of ecosystems. The Brazilian property expert recommended the trips to Poco Azul and the caves of Lapadoce and Torrinha is 'a must' for adventure lovers.
Meanwhile, Evan Soroka,moved to Brazil eight years ago and told the website that some of the smaller Brazilian property locations "are magical".
Labels: Market-Trends
Property owners will benefit from record low interest levels
Friday, December 18, 2009
Interest rates are kept at record low for Brazilian property owners, Brazilian monetary policymakers held the country's benchmark interest rate at 8.75% which have been maintained for the third successive bank meeting.
The interest-rate decision arrived ahead of report on third-quarter gross domestic product. Economists polled by Dow Jones Newswires expect expansion of 1.9% from the second quarter, and a decline of 0.3% from the third quarter of 2008. Latin America's largest economy continued to bounce back from the shrinking GDP figures recorded in the fourth quarter 2008 and first quarter this year. The Growth has been fueled by an aggressive monetary easing cycle, hikes to government spending and tax cuts on consumer goods.
The central bank slashed a cumulative 500 basis points off the benchmark interest rate this year in an effort to help jump start the then-flagging economy. The central bank's Copom rate-setting panel once again maintained the Selic at 8.75%. The panel, however, altered its statement that hinted at sooner-than-expected rate increases.
"The country is still on a growth trajectory, but it's a more moderate growth, and also more balanced," said Newton Rosa, an economist at the Sao Paulo-based Sulamerica Investimento fund. "But this has a positive side in that it shouldn't put pressure on the central bank to raise interest rates in the short term," he added.
Meanwhile, Brazil's government said it will lend an additional $80 billion reais ($45.3 billion) to the national development bank over the next two years to boost investment and pushing ahead with spending on infrastructure and new Brazilian property.The measures have increased consumers' access to credit and increased confidence. The government will also extend 369 million reais ($208 million) worth of tax breaks on capital goods items until June 2010 and authorize private banks to raise cash via the issuance of debentures, Brazil's Finance Minister Guido Mantega added.
According to Brazil's census bureau, Family consumption rose 2.0% quarter-on-quarter, while government consumption also increased 0.5% in the third quarter. They reported an uptick in November consumer prices. In More good news for investors, the annual inflation rate currently runs at 4.22%, below the government's target of 4.5. Economists expect inflation to remain below the target, not only in 2009 but also 2010.
Social BookmarkingThe interest-rate decision arrived ahead of report on third-quarter gross domestic product. Economists polled by Dow Jones Newswires expect expansion of 1.9% from the second quarter, and a decline of 0.3% from the third quarter of 2008. Latin America's largest economy continued to bounce back from the shrinking GDP figures recorded in the fourth quarter 2008 and first quarter this year. The Growth has been fueled by an aggressive monetary easing cycle, hikes to government spending and tax cuts on consumer goods.
The central bank slashed a cumulative 500 basis points off the benchmark interest rate this year in an effort to help jump start the then-flagging economy. The central bank's Copom rate-setting panel once again maintained the Selic at 8.75%. The panel, however, altered its statement that hinted at sooner-than-expected rate increases.
"The country is still on a growth trajectory, but it's a more moderate growth, and also more balanced," said Newton Rosa, an economist at the Sao Paulo-based Sulamerica Investimento fund. "But this has a positive side in that it shouldn't put pressure on the central bank to raise interest rates in the short term," he added.
Meanwhile, Brazil's government said it will lend an additional $80 billion reais ($45.3 billion) to the national development bank over the next two years to boost investment and pushing ahead with spending on infrastructure and new Brazilian property.The measures have increased consumers' access to credit and increased confidence. The government will also extend 369 million reais ($208 million) worth of tax breaks on capital goods items until June 2010 and authorize private banks to raise cash via the issuance of debentures, Brazil's Finance Minister Guido Mantega added.
According to Brazil's census bureau, Family consumption rose 2.0% quarter-on-quarter, while government consumption also increased 0.5% in the third quarter. They reported an uptick in November consumer prices. In More good news for investors, the annual inflation rate currently runs at 4.22%, below the government's target of 4.5. Economists expect inflation to remain below the target, not only in 2009 but also 2010.
Labels: Latest-News
Jumeirah Group plans to open a number of hotels in Brazil
Friday, December 4, 2009
Dubai's Jumeirah Group plans to open its first hotels in Brazil after witnessing the country's recent economic growth and the 2014 World Cup and 2016 Olympic games generate demand, according to a report.
James Erlacher, senior vice president of development for the Americas at the Dubai-based Jumeirah Group, said that the time is right now for them to be entering the Brazilian market, according to Bloomberg newswire reports. Jumeirah's priority is to operate hotels in Sao Paulo and Rio de Janeiro, Brazil's biggest cities, and it's also considering resorts "primarily in the northeast part of the country," Erlacher said.
Famed for its Four Seasons hotels, they expect to reach agreements with developers of three projects in the next 18 months, including hotels in Sao Paulo and Rio and a beach resort while the north-eastern part of the country may also be targeted, Alinio Azevedo, the chain’s director of development for South America and the Caribbean said in an interview. He added that the number one attraction for the group is to really understand the wealth creation that has happened in Brazil in the last eight to 10 years.
According to Tourism Minister, Luiz barreto, further strengthening of the Brazilian real, which has rallied 34 percent this year against the dollar, the most of any major currency, may drive away foreign visitors to Rio before it hosts the 2016 Olympics. The real's gains have been driven in part by investors buying stocks and bonds on prospects the country is among those emerging fastest from the global financial crisis. In more good news for Overseas property investors, Economists surveyed by the central bank predicted GDP will expand 0.2 percent this year and 5 percent in 2010, according to the median estimate.
Meanwhile, Brazil won an investment-grade rating from Moody's Investors Service putting it one level above high- yield or junk at all three major ratings companies. Moody’s cited Brazil’s "strong economic and financial resilience" during the worldwide slowdown.
Social BookmarkingJames Erlacher, senior vice president of development for the Americas at the Dubai-based Jumeirah Group, said that the time is right now for them to be entering the Brazilian market, according to Bloomberg newswire reports. Jumeirah's priority is to operate hotels in Sao Paulo and Rio de Janeiro, Brazil's biggest cities, and it's also considering resorts "primarily in the northeast part of the country," Erlacher said.
Famed for its Four Seasons hotels, they expect to reach agreements with developers of three projects in the next 18 months, including hotels in Sao Paulo and Rio and a beach resort while the north-eastern part of the country may also be targeted, Alinio Azevedo, the chain’s director of development for South America and the Caribbean said in an interview. He added that the number one attraction for the group is to really understand the wealth creation that has happened in Brazil in the last eight to 10 years.
According to Tourism Minister, Luiz barreto, further strengthening of the Brazilian real, which has rallied 34 percent this year against the dollar, the most of any major currency, may drive away foreign visitors to Rio before it hosts the 2016 Olympics. The real's gains have been driven in part by investors buying stocks and bonds on prospects the country is among those emerging fastest from the global financial crisis. In more good news for Overseas property investors, Economists surveyed by the central bank predicted GDP will expand 0.2 percent this year and 5 percent in 2010, according to the median estimate.
Meanwhile, Brazil won an investment-grade rating from Moody's Investors Service putting it one level above high- yield or junk at all three major ratings companies. Moody’s cited Brazil’s "strong economic and financial resilience" during the worldwide slowdown.
Labels: Investment-property, Tourism
