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.
Social BookmarkingThere 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.
Labels: Infrastructure, Natal
North East Brazil will benefit from the new thermal-electric power plant
Thursday, June 11, 2009
Brazilian property investors will benefit from the construction of a new thermal-electric power plant which has been approved in the north east part of Brazil.
The Brazilian Development Bank (BNDES) announced that the project for construction of the Pecém Port thermal-electric power plant, in the city of São Gonçalo do Amarante, Ceará, in the Brazilian Northeast, was granted financing of 1.4 billion Brazilian reais by the BNDES.
The work should generate 1,500 jobs in the period and construction is part of the Growth Acceleration Program (PAC). The new plant should start operating in 2012. This project is also expected to boost the property market in the region.
According to the press release by the BNDES, the new thermal electric mill should implement technologies for clean production, using coal as a fuel, with the aim of reducing environmental impact and emission of polluting gas.
According to the country's finance minister Guido Mantega, Brazil has already begun its recovery and will grow by between three and four per cent next year, the Wall Street Journal reports. The Latin American country is continuing to invest in measures that could increase its self-sufficiency and therefore encourage its economy to grow towards developed status.
Agriculture minister Reinhold Stephanes said this week that the Brazilian government is to increase lending to farmers by as much as 38 per cent this season in a bid to avoid problems accessing credit that have blighted businesses in the western world.
Meanwhile, a survey carried out by PricewaterhouseCoopers (PwC) found that even though much of the world saw a decline in mergers and acquisitions, the Operations in Brazil's ironworks industry grew by 52 per cent. The country produces a quarter of the world's iron ore output and Brazilian government is aiming to capitalize on its wealth of natural resources in order to achieve self-sufficiency and status as a developed country.
Social BookmarkingThe Brazilian Development Bank (BNDES) announced that the project for construction of the Pecém Port thermal-electric power plant, in the city of São Gonçalo do Amarante, Ceará, in the Brazilian Northeast, was granted financing of 1.4 billion Brazilian reais by the BNDES.
The work should generate 1,500 jobs in the period and construction is part of the Growth Acceleration Program (PAC). The new plant should start operating in 2012. This project is also expected to boost the property market in the region.
According to the press release by the BNDES, the new thermal electric mill should implement technologies for clean production, using coal as a fuel, with the aim of reducing environmental impact and emission of polluting gas.
According to the country's finance minister Guido Mantega, Brazil has already begun its recovery and will grow by between three and four per cent next year, the Wall Street Journal reports. The Latin American country is continuing to invest in measures that could increase its self-sufficiency and therefore encourage its economy to grow towards developed status.
Agriculture minister Reinhold Stephanes said this week that the Brazilian government is to increase lending to farmers by as much as 38 per cent this season in a bid to avoid problems accessing credit that have blighted businesses in the western world.
Meanwhile, a survey carried out by PricewaterhouseCoopers (PwC) found that even though much of the world saw a decline in mergers and acquisitions, the Operations in Brazil's ironworks industry grew by 52 per cent. The country produces a quarter of the world's iron ore output and Brazilian government is aiming to capitalize on its wealth of natural resources in order to achieve self-sufficiency and status as a developed country.
Labels: Infrastructure
Canadian pension fund aims to focus on real estate in the Brazil
Saturday, June 6, 2009
Canada Pension Plan Investment Board (CPPIB) said it expects to boost its real estate and infrastructure exposure in fiscal 2010 and could be set to purchase property in Brazil as it looks to take advantage of opportunities caused by the global downturn.
The CPPIB, one of Canada's largest pension funds with $105.5 billion of assets said it is likely to reduce its Canadian equity exposure in favour of global stocks and it would trim Canadian equity exposure to 13 percent from 14.7 percent.
In a media briefing, Mark Wiseman, senior vice-president of private investments at CPPIB commented: "We see significant opportunities in infrastructure investment around the world. We are prepared to pursue large transactions".
Chief Executive David Denison recently stated that the fund is eyeing more investment choices abroad, particularly in real estate and infrastructure, as it takes advantage of buying opportunities spawned by the financial crisis. In fiscal 2010, it aims to focus on real estate in Brazil, the U.K. and Australia, among other markets, according to Reuter’s reports.
Graeme Eadie, senior vice president of real estate for the fund has stated that the diversity of Brazil and its investment opportunities are a factor behind its interest. He said that those behind pension plan can see chances for growth in Brazil real estate.
In related news, Luis Fernando Martinez, sales director of steelmaker CSN has said that the company is aiming to make the most of Brazil real estate sector boom. "The housing deficit here is still too big and the ability to lend is very good at the same time. The sooner you enter this market, the better the growth opportunities you will get,"he explained.
Social BookmarkingThe CPPIB, one of Canada's largest pension funds with $105.5 billion of assets said it is likely to reduce its Canadian equity exposure in favour of global stocks and it would trim Canadian equity exposure to 13 percent from 14.7 percent.
In a media briefing, Mark Wiseman, senior vice-president of private investments at CPPIB commented: "We see significant opportunities in infrastructure investment around the world. We are prepared to pursue large transactions".
Chief Executive David Denison recently stated that the fund is eyeing more investment choices abroad, particularly in real estate and infrastructure, as it takes advantage of buying opportunities spawned by the financial crisis. In fiscal 2010, it aims to focus on real estate in Brazil, the U.K. and Australia, among other markets, according to Reuter’s reports.
Graeme Eadie, senior vice president of real estate for the fund has stated that the diversity of Brazil and its investment opportunities are a factor behind its interest. He said that those behind pension plan can see chances for growth in Brazil real estate.
In related news, Luis Fernando Martinez, sales director of steelmaker CSN has said that the company is aiming to make the most of Brazil real estate sector boom. "The housing deficit here is still too big and the ability to lend is very good at the same time. The sooner you enter this market, the better the growth opportunities you will get,"he explained.
Labels: Infrastructure, Market-Trends
Private investment in Brazil on the rise
Monday, May 11, 2009
The Brazilian government is keen to encourage the private sector to inject money into its infrastructure expansion plans.
Vale, Brazilian mining company has announced plans to spend US$ 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
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
Brazilian government to boost its infrastructure
Wednesday, December 17, 2008
According to the Xinhua news agency, Brazil will continue to maintain the investment flow so the impact of the economic downturn being experienced by Europe and the US does not result in "exorbitant costs." Dilma Rousseff, minister-chief of the Civilian Household of the Presidency told the House of Deputies that the Brazilian President intends to tackle the economic slowdown.
Brazil has spent $22.9 billion (£13.9 billion) on stabilizing the currency against the US dollar, the Associated Press reported. The investments the government has made to boost its economy is through swaps, loans and direct auctions of dollars that will not be put back into the $200 billion the country has in reserves.
Meanwhile, a new report released by Real Capital Analytics stated that Brazil real estate enjoyed a rise of 40 per cent during the first six months of this year but Emergency markets accounted for one quarter of all property sales in the first-half of 2008 - up from ten per cent in the same period last year.
This comes after The Brazilian Society of Transnational Corporations and Economic Globalization revealed that Some £17 million was invested in the nation by people from other countries last year.
Social BookmarkingBrazil has spent $22.9 billion (£13.9 billion) on stabilizing the currency against the US dollar, the Associated Press reported. The investments the government has made to boost its economy is through swaps, loans and direct auctions of dollars that will not be put back into the $200 billion the country has in reserves.
Meanwhile, a new report released by Real Capital Analytics stated that Brazil real estate enjoyed a rise of 40 per cent during the first six months of this year but Emergency markets accounted for one quarter of all property sales in the first-half of 2008 - up from ten per cent in the same period last year.
This comes after The Brazilian Society of Transnational Corporations and Economic Globalization revealed that Some £17 million was invested in the nation by people from other countries last year.
Labels: Economy, Infrastructure
