The devaluation of the Real against the US dollar has led to foreign investors snapping up Brazilian real estate. Discover what this means for the property market as a whole and why Brazilians have also joined the trend.
2021 has started well for Ceará real estate with a surge in mortgage lending and purchases of land. Both increases point to a surge of interest in property this year. This high demand means that new-build second homes are currently in short supply and coastal areas are experiencing an increase in prices.
Ceará land sales surged in 2020 on the back of strong demand. Analysts report an extremely busy start to the year and expect sales to go by 50% throughout 2021. Reasons for the appeal for plots in Ceará include high returns (at least 10%), cheap mortgages and the opportunity to buy a tailormade home.
The Brazilian real estate market thrived in 2020 on the back of several factors that emerged last year. These look set to continue throughout 2021 when analysts expect a continuation of strong performance in the sector. Read on to discover four reasons why buying property in Brazil has such strong potential this year.
Northeast Brazil is the Brazilians’ favourite place to spend carnival 2021. Seven of the top ten preferred destinations are in Northeast Brazil and Salvador and Maceio have displaced Rio de Janeiro, the usual king of carnival. The shift in trend bodes well for Ceará and in particular, self-catering accommodation in quieter resorts.