The strength of the dollar makes Brazilian real estate the best buy in the world this year, according to Forbes. Dollar buyers have the potential for 32% more purchasing power in 2021, a year that Forbes calls “perhaps the best time in our lifetime to buy”.
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The Coral has just received the Traveller Review Award for 2021 for one of the top ten places to holiday in Ceará. The accolade places the 5-star holiday resort up with the very best in the world this year.
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.