With thousands of kilometres of beaches and over 300 days of sunshine per year, the Brazilian government is now promoting Brazil as the place to come for both tourism and investment. The government’s commitment to opening up the country can be seen in the upgrading of several airports such as Joao Pessoa, Natal and Maceio, to international status, along with huge investment in new roads and general infrastructure.
Property in North East Brazil
The northeast of Brazil is the main “sun and beach” destination in the country and is also the area that is receiving most investment and attention on an international level. Two reasons for this could be the near perfect climate and the numerous semi-virgin beaches along its beautiful coastline.
The weather in the northeast is the best in the entire country with a yearly average temperature of 27 degrees and is stable and sunny virtually all year around. In addition, the northeast is the closest point to Europe from Latin America and flying time is approx. 7-8 hours. Further, compared to many tropical destinations, Brazil benefits from a complete lack of natural phenomena such as hurricanes and tropical storms nor is it affected by earthquakes.
See the latest Property in Brazil
The scenery and beaches in the northeast of Brazil are quite simply breathtaking, The cost of living is 20% of that in the UK, property prices are incredibly cheap and the area is highly accessible with daily flights from most major European countries.
Even though the northeast of Brazil is considered an emerging tourist destination for foreigners, it does not mean that tourism is a something new in this part of the world. Brazil has a population of approximately 186 million people and when Brazilians plan their holidays, they don’t have to look any further than their own border and they usually head to the northeast. As a result of this, Brazilian tourists have been coming to the northeast for decades and there is a vast range of tourist attractions at hand. Activities range from beach buggy tours along the beautiful nearly deserted beaches to diving and snorkeling, visiting historical sites and last but not least, a very exciting night life.
Tourism and Real Estate in Brazil
At present, both commercial and residential property is low priced, particularly by western standards and thus investors are increasingly looking towards this new market where strong capital appreciation is predicted. Good quality residential property costs from about £35,000 while a massive 500sq.m luxury home in an upmarket area can still be bought for around £300,000. Rental yields vary between 6% and 12% in tourist locations, however many investors in Brazil are buying property for capital appreciation rather than just rental income.
Tourism in the northeast of Brazil increased by just over 26% between 1995 and 2000, with 2.5million Brazilian and international holiday-makers visiting the area last year. In fact Brazilians make up over 90% of the tourist market. The international tourist market is relatively small compared to other destinations however it is growing fast. It is generally better known among Portuguese, Spanish, Italian and other South American tourists.
Brazil is only now opening up to the potential of international tourism. The country’s bright tourism future has also been boosted by the influx of major tour operators into Brazil, such as the Marriott & Renaissance chain, French operators Sofitel, Mercure and Ibis, Spain’s Iberostar, and other big names like Club Med, and Breezes SuperClubs. Charter flights have begun to serve several new destinations including Salvador, Fortaleza and Natal. A combination of the sunny climate, extremely low cost of living and high-quality property available, has already attracted not only overseas investors, but growing communities of European residents.
Many Portuguese, Spanish, Italians, Germans and Scandanavians have been buying been buying property in Brazil. In 2006 over 30% of properties worth were bought by overseas buyers in places such as Natal and Forteleza.
