subject: A Guide To Fortaleza, Brazil a Hot Prospect For International Property Investors. [print this page] With the Brazilian Real Estate Market continuing to experience massive growth, international property investors have felt the allure of Brazil for a while now. However, with so many locations across the Brazilian nation witnessing exponential growth, international property investors could be forgiven for feeling overwhelmed as to where they should invest.
Fortaleza is located on the far North-East coast of Brazil and is home to some 3.5 million people. It is the capital city of the state of Ceara and is Brazils third largest urban population centre behind Rio de Janeiro and Sao Paulo. At present, it is also the 10 largest municipal GDP of the Brazilian nation and second in Brazils North-East region with a worth of $31.7 billion.
It also boasts the seventh largest purchasing power in the country and has become a recognised industrial and commercial centre for the Brazilian nation.
In terms of tourism, Fortaleza achieved the most popular tourist destination for Brazil back in 2004, offering attractions such as the Micareta Fortal and boasting the largest water park in Brazil, Beach Park. In 2010, Fortaleza was named as the most popular location for domestic tourists by a study conducted by Hotels.com and has now also been named as one of the 12 FIFA World Cup venues, when the event arrives in Brazil in 2014.
Why are international property investors choosing Fortaleza?
Waseem Saddique comments: Fortaleza has much to offer in terms of a viable option for Brazil property investment. Like many locations across Brazil at present, land prices are incredibly low and the city has a very stable economy, complete with a low cost of living, all of which makes the area attractive to homebuyers, not just investors.
The city also has a number of properties for sale that are available at prices which are incredibly attractive to investors looking to invest in the Brazilian Real Estate Market. A number of housing development projects are taking place across Fortaleza that are also attracting the attention of potential investors.
Many of these developments are offering a number of off-plan units for sale and it is anticipated that the value of such units will only increase, as Fortaleza continues to experience growth and development. Some of the more noticeable projects taking place at the moment include the Taibai Beach Gardens development and The Fountains (Praia das Fontes) development.
Fortaleza International Airport (Pinto Martins) also has the distinct advantage of being Brazils closest major airport to Europe and since its opening in 1998 an increasing number of chartered flights now operate a direct service into Fortaleza, making the city one of the most accessible in Brazil. There are also connecting services to Salvador, Rio de Janeiro and Sao Paulo.
The airport is situated just 15 minutes from the city centre and excellent transport links are very much a key factor for property investors, as the potential to sell property on or provide accommodation for holiday makers in order to make money, is greatly increased.
The combination of stunning scenery, increasing development, a stable economy, low house and land prices, complete with excellent transport links, means that Fortaleza has all the elements to encourage international property investors to take advantage of the thriving Brazilian Real Estate Market.
