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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.
by OP-Mall on Wednesday, November 5th, 2008 in Brazil Property, International Properties for Sale | Real Estate Listings, Natal Property, Waterfront Property
Designed by internationally acclaimed Brazilian architect David Bastos, the Natal Ocean Club will be the premier resort development in North East Brazil. Wide open spaces and rich local woods will jostle for attention along the design aspects of the resort. Having put a lot of thought into the environment and surrounds, David Bastos has chosen to use a vast range of natural materials in NOC’s development.
Combined with the best of technology, Natal Ocean Club will provide residents with all aspects of luxurious, modern living in the 21st century.
by OP-Mall on Monday, November 3rd, 2008 in Brazil Property
The Brazilian Grand Prix was nothing but spectacular and loaded with suspense for title contenders Felipe Massa and Lewis Hamilton. Die-hard F1 fans couldn’t have wished for a more thrilling end of season finish than in this race.
It had all the makings of a nail biter and didn’t disappoint in the end. Rain at the start of the race saw David Coulthard make an unplanned exit to his last Grand Prix race after Nico Rosberg nudged him into a spin.
by OP-Mall on Sunday, November 2nd, 2008 in Brazil Property, International Properties for Sale | Real Estate Listings
This pre-launch resort consists of 560 hectares of coconut palms, lagoons, mangrove glades and stunning palm-fringed beaches. Situated on the exclusive Brazilian north east coast beach town of Pernambuco, it is set to be a world class resort. The developers have decided to keep the name of the resort private until its launch.
by OP-Mall on Tuesday, October 7th, 2008 in Brazil Property, Buying Property, Holiday Property, Natal Property
Bald Hill, Natal Brazil [credits: goliveira via flickr]
Brazil is hot property right now and has been for a couple of years. In fact, some of Brazil’s hottest regions have appreciated a lot in the last five years. Some say the situation is much like it was in southern Spain some 20 years ago.
by OP-Mall on Tuesday, September 30th, 2008 in Brazil Property, China Property, Indian Property, Russia Property
São Paulo Skyline
The term BRIC originated back in 2003 and was coined by Goldman Sachs economist Jim O’Neill. It was O’Neill’s opinion that since the US economy took a nose dive it allowed the BRIC countries Brazil, Russia, India and China to take a bigger slice of the world’s gross domestic product.
We would be taking a quick peek into the property markets of these four countries, to gain a better overview of what exactly is going on.
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Overseas Property Mall is an international real estate investment blog that has been offering free & reliable international property research, news and interviews since March 2005. We continually monitor global real estate markets & offer investment insights by giving pointers on where to and not invest. Our key differentiator is our objectivity, in-depth analysis & wit in delivering very useful global property news, tips & information.
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