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by Overseas Property Mall on Wednesday, June 22nd, 2011 in Brazil Property, Florida
The strength of the Brazilian Real against the Dollar is giving Brazilians more buying power in the US property market than they have had for a generation. Because of this the growing Brazilian middle class is buying up Florida properties, mainly in Miami, according to a Folha de São Paulo study released Monday.
by Overseas Property Mall on Tuesday, March 22nd, 2011 in Brazil Property
Property prices in Sao Paulo fell in the final months of 2010 but there is little cause for concern, especially given the rapid growth preceding the minor falls.
In Brazil’s emerging market there is no such thing as an official indice, or even an indice as well respected as those of the UK lenders like Nationwide. However, real estate agents and others involved in the industry are slowly but surely organising themselves into large enough bodies that we can get a picture of what is going on.
by Overseas Property Mall on Monday, December 20th, 2010 in Brazil Property
A survey of 60 international investors (including private equity fund managers, investment bankers and real estate developers) released this week by Ernst & Young has found that Brazil will continue to be one of the most popular destinations in the world for residential property investment in 2011, and in fact will see the level of investment increase even further.
“Two-thirds of real estate investors with funds committed to emerging markets in Latin America have earmarked investment dollars for Brazil over the next 12 to 24 months,” says Rogerio Basso, the Latin American hospitality practice leader at Ernst & Young.
“That’s a pretty substantial statement for a country that less than a decade ago was considered high risk due to an unstable economy, hyperinflation, mounting debt and a volatile currency,” he added.
by Overseas Property Mall on Monday, November 29th, 2010 in Brazil Property
We have all heard about the massive property investment opportunities currently presenting themself in Brazil. The consensus of opinion is that the best opportunities lie in the north east of the country, and Fortaleza is currently mentioned as one of the hotspots.
by Overseas Property Mall on Wednesday, October 6th, 2010 in Brazil Property
Brazil has definitely become the hottest emerging property market in Latin America, having just received what during the boom came to be known as the emerging market seal-of-approval, investment by Donald Trump and the well known Trump Organisation.
An example of this seal of approval is Panama, during the boom Panama’s construction boom was the hottest in Latin America, and the world, at which point Trump graced it with a Trump Tower, a massive multi-purpose (commercial, luxury-residential, hotel, condos, casino(s)) sky-scraper in Panama City, which we have all no-doubt heard about.
At the time resorts around the world saw construction start under the Trump Organisation halo of ultimate luxury, real-prime property, but the latest investment in Brazil (the first, we believe since the bust) is different and even more of a testament to Trump’s belief in Brazil’s potential.
Most — if not all — of his previous investments have involved a franchise, whereby other parties buy the benefits of the Trump brand, while Trump’s part in the organisation of building work, management of construction etc is minimal. But the investment in Brazil is the 50/50 (well, 50/25/25); a joint venture between the newly formed Trump Realty Brazil S/A which owns 50%, and Brazilian businessman Ricardo Bellino, who owns the other 50% along with his EGO Empreendimentos e Participações’ partners, and he will be heading Trump Brazil’s organization.
“We have a promising future in taking our brand to Brazil”, said Donald Trump Jr., emphasizing that it could not be a better date and suitable moment to announce the new partnership (the partnership was announced on September 7th, Brazilian Independence Day).
“The Brazilian market excellence is well known worldwide. The development, the construction and the architecture are among the most advanced in the planet. Brazil is evoking international investors’ attention that intends to act in all Brazilian real estate areas. In the globalization era the long term foreign capital is really welcome, especially with Brazilian companies’ partnerships”, Yazbek declares.
by OP-Mall on Thursday, October 22nd, 2009 in Brazil Property, International Properties for Sale | Real Estate Listings, Natal Property
Villamarina Towers is a five star off-plan development property in sunny Natal, Brazil where you get to enjoy sunshine all-year round. Stunning Ponte Negra beach is only minutes away and the views from any apartment in the building will be magnificent, giving you paradise at your feet.
by OP-Mall on Tuesday, August 11th, 2009 in Brazil Property
Hotel accommodation rates in samba friendly Rio de Janeiro have climbed a healthy 12 percent in the last 12-months as more tourists flock to the sunny regions of Brazil. Hotel chains like Accor and Marriott International have raised their daily rates on average by 5.5 percent in the first half of 2009. The highest they have been since 2005.
Smith Travel Research Inc. also released other interesting bits of data. While occupancy rates dropped by 7 percent nationwide, in Rio it rose 5.6 percent during the same time frame.
Occupancy rates in the U.S. fell 11 percent while hotel rates tumbled 8.7 percent. On European shores rates tumbled by a whopping 24 percent while occupancy declined by 9.8 percent.
Marriott’s Chief Financial Officer, Carl Berquist said last week: “Brazil is a good market. Travel there is driven a lot by local demand and has therefore done well. It has held up better than many others.”
While Europe and North America are still in the middle of the recession, Latin America is rebounding from its worst recession in 19 years.
Record low borrowing costs, domestic demand, tax cuts and an increase in government spending have all helped to contribute to this rapid regrowth. The expected growth rate for gross domestic product is said to be 4 percent next year.
If you want a standard hotel room in Rio de Janeiro’s Sofitel on Copacabana Beach, then expect to pay around $308.73 a night. For a more fancy premier suite you might have to take out a personal loan. They currently retail around $1,065.11.
Vice president of Smith Travel Research, Jan Freitag stated: “There are only a few countries that have positive rate growth right now. Larger metropolitan areas in Brazil are doing relatively better than other major city centers around the globe. It may be an indicator of strength in emerging markets.”
Only 12 percent of Brazil’s hotels are affiliated with international hotel chains. The rest is owned and operated by independent providers.
Brazil currently ranks third as South America’s hottest travel destination after Colombia and Peru, according to website Travelocity.
Many projects are underway according to a new LaSalle report. “We’ll start to see more larger-scale, 150-rooms-plus, hotels that will be mostly run by large international brands. The number of rooms in Brazil in the next five years will be evenly split between international brands and local independents,” said Rumpel.
Photo credits: InfoMofo via flickr
by OP-Mall on Friday, July 10th, 2009 in Brazil Property, Holiday Property, Travel, Waterfront Property
Much like Brazilian girls, Brazilian property is steaming hot and has been for some time now. While the East Coast of Brazil has steadily seen some fantastic growth over the last few years, places like Recife have lured buyers to a lifestyle of sand, sun and beaches according to NY Times.
by OP-Mall on Tuesday, March 31st, 2009 in Brazil Property
Brazil president Luiz Inacio Lula da Silva is intent on helping the flagging Brazilian economy by injecting $15.1 billion into the housing industry. According to Bloomberg, the Brazilian government will build one million new homes for the country’s low income earners.
Currently the situation is dire as local companies cut costs to weather the global crisis. The emergency program is supposed to help boost the Brazilian market and help people survive the recession.
Low income earners will be supposed to pay a symbolic contribution to take on home ownership and people who earn less than 2,790 reais will be eligible for government subsidies.
by OP-Mall on Monday, December 1st, 2008 in Brazil Property
Brazil is by all means a vast country with an area that covers 8,514,215 km² and occupies about half of South America’s land mass. With four different time zones and a wide range of climatic regions, Brazil has established itself as new emerging market for luxury development. A new report released by Knight Frank clearly indicates that things have only just started to heat up in regards to Brazil’s real estate market.
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