IT'S A GREAT TIME TO INVEST IN CEARÁ, BRAZIL

This is the time of the year to remember, re-calibrate, regroup, and reset your priorities. Where have you been... and, more importantly, where are you going from here? As we stand on the threshold of 2021, the answer to that question has a great deal to do with a beachfront property that Prime Suites is developing in Northeast Brazil.

Brazil is a huge country, the world’s 7th largest economy and is currently considered one of the world’s best investment opportunities especially in real estate.

The North Eastern coast has traditionally been Brazilian’s favorite holiday destination. Fueled by increasing economic growth and wealth, local investments in second homes are boosting.

And thanks to its ideal climate, the affordability of beachfront properties, and the beauty of its coast, the state of Ceará is in a winning position.

Located in the Northeast, Ceará is Brazil’s 8th largest state by population and one of its leading economies.

In addition, Ceará combines the perfect ingredients for a relaxing break in the sun: natural beauty, stunning beaches and untouched lagoons, mountains, and countryside.

This explains why the state consistently remains at the top of the most sought-after holiday destinations in Brazil.

Ceará also brings together the ideal conditions for kitesurfing: warm water, steady wind conditions, low rainfall averages, and white sand. The last competition of the year, the Superkite Brazil 2020 took place at Ilha do Guajirú, one of the most famous spot of the region.

#1 Travel Destination for Brazilians

Nearly 50% of Brazilian choose the region for their holidays. Prior to the COVID pandemic, records for both tourism volume and revenue were reached by the Ceará state . And it is set to continue. In a survey conducted at the end of 2020 by Decolar (the largest travel agent in Brazil), Fortaleza, the capital of Ceará is ranking number 1 favourite Brazilian holiday destination for the upcoming months, especially for summer 2021. Furthermore, tourist activities in Ceará are the fastest growing in Brazil. Click here to access the article.

Massive investments in infrastructure

The region is undergoing an extensive improvement program, with a focus on transportation. In 2017, US$73.3 million was assigned to revitalize Fortaleza and the development of a faster and more secure highway along the 370 km of the state's coastline along the Atlantic Ocean.

Fortaleza airport witnessed a 31% record growth in 2019

New direct flights from around the world are creating easier and faster access to Fortaleza, the capital Ceará state, and this traffic is expected to continue to increase by 40% over the upcoming years.

But most importantly, this is an undervalued market on the rise.

10-15% appreciation p.a. of the housing market

Luxury accommodation is scarce in the region. As the first luxury boutique hotel of its kind across the region, Prime Suites presents investors with a chance to access the premium side of a market that is still in the early stage. Forecasts show a strong appreciation of the property value and we expect the price of properties to double every 5-10 years, making it a very attractive proposition for investors looking for alternatives to volatile stock markets and negative interest rates on saving accounts.

2nd Home Market for affluent Brazilians

The combination of high demand for luxury property in the region, the scarcity of such properties, and the emergence of a strong growing local middle class provides a good basis for efficient resell. Prime Suites is happy to assist you in your exit strategy and resell.

Prime Suites makes the most of the winning Ceará combination of natural beauty and stunning beaches. We offer exceptional, sustainable buy-to-let luxury properties starting at just US$75'000 (€62'000).

"This is a great deal for anyone looking for turn-key, hassle-free rental income"

For more information about Prime Suites in Brazil, check out our website and become part of our tribe

Jessica Sturzenegger

President of the Board

www.myprimesuites.com