Record Tourism Figures for Brazil
It's all good news coming out of Brazil at the moment. Not only is it in the middle of a property market boom, but latest tourism figures have hit an all-time record.
Embratur, Brazil's tourism organisation, reported that tourist arrivals were up by a staggering 15.22% in 2007, while the Brazilian Central Bank published data revealing that up to November 2007, foreign visitors had spent £2.3 billion in the country. These figures are a direct result of the government's National Tourism Plan which aims to attract 9 million visitors annually. The plan includes infrastructure improvements to improve accessibility. It is hoped that by 2010, Natal's Augusto Severo airport will be supported by a brand new airport, 30km outside the city, which will be the largest airport in South America. Improved access to this beautiful and popular north east coast of Brazil is good news for property investors.
Investors will also be interested to hear that new credit ratings for South American countries, including Brazil, are set to boost their attractiveness to foreign investors. Propertywire reports that Brazil's credit rating has now been upgraded by Standard and Poor's rating system, which should attract more investors to the Brazilian credit market and, in turn, help the government to raise finances on increasingly competitive terms.
The icing on the cake for Brazil is that it has been named as the host nation for the 2014 FIFA World Cup. It will be the first time the World Cup has been held in South America since Argentina hosted the tournament in 1978 and, according to BBC News, the government is setting aside around $550 million to update its stadiums, including the Maracanã stadium in Rio de Janeiro, which hosted the 1950 World Cup Final.
Other Property Investment News
Brazil is Red-Hot
Reports don’t come more bullish than this – according to Morgan Stanley, Brazil is “red-hot”. Almost all aspects of Brazil are booming, proving that there has never been a better time to invest in Brazil.
Property Builders in Brazil Get Bigger
As the Brazil property market expands so do Brazilian homebuilders. The recent merger of two property giants is the latest indication of how real estate in Brazil is adapting to its new and booming market.
Great First Quarter for Brazil Property Investment
Recent results published by two of the largest real estate companies in Brazil confirm that the property boom is well underway. And north east Brazil is earmarked as an expanding area for property investment.
Social Housing is New Investment Property
Tipped by A.T. Kearney as “the new frontier” in property investment, social housing is entering portfolios. Emerging markets, particularly those with growing middle classes such as India and Brazil, offer the best investment potential.
North East is Highlight for Brazil Construction
As real estate in Brazil powers into 2010 fuelled by government and private construction programmes, the demand for building materials and labour keeps rising.
Minha Casa Minha Vida
Property investment is a universal dream. And it’s also one that is about to come true for millions of Brazilian families.
Brazil Tourism Boosts Property Investment Potential
With the slogan ‘Sensational Brazil’ the Ministry of Tourism in Brazil announced a new marketing strategy. The campaign aims to take Brazil to the forefront of international tourism, adding extra potential to investment in Brazil.
Boom for Holiday Property in Brazil
Along with real estate, holiday property in Brazil is growing in popularity. Not just with foreigners but also with Brazilians who are snapping up holiday property options in their home country.
Obelisk Launches New Product
Looking for the ultimate in wealth creation? Like the sound of 170% returns over two years?
Property Investment Stays Top
Property investment remains a clear favourite among the wealthy. Not only is property significant in their portfolios, property is also tipped as a good investment opportunity this year.
