Fortaleza a booming city

The tourist town of Fortaleza, Brazil is set to receive billions in infrastructure improvements as it prepares to host the World Cup in 2014. Fortaleza, which is already Brazil’s largest domestic tourism destination, looks to expand their tourism market even further.

Last year Fortaleza was Brazil’s #1 domestic tourism destination. It hosted 3m Brazilian tourists and 250,000 foreign tourists. In fact, it has been #1 for three out of the last four years. There is a hotel and short-term rental shortage. There is limited developable land remaining in the area these visitors want to stay in. This is where Brazil’s wealthy come to relax on the beach. This is where Brazil’s new middle class want to come as soon as they can afford to. Every day that passes more can afford to come. Brazil is now a middle class country.

The World Cup Effect

The big buzz in Fortaleza (and surrounding areas) is the huge investment in tourism and infrastructure. The government is spending 9.8 billion reais ($5.62 billion) in Fortaleza in the lead up to the 2014 soccer world cup. 63.3% of this spend will be on infrastructure projects. In June this year, Fortaleza’s governor released a list of projects that will be delivered for the 2014 games.

850 million reais will be spent on tourism projects—gentrification of urban areas and installing attractions like the state aquarium. And big amounts will also go toward things you’d expect—improved internet access, better gadgets for the police, new equipment for the hospitals, and so on.

Transport infrastructure with a 6 billion reais spend is the big winner. The government is committed to delivering quality projects that will encourage and facilitate the economic development of the region.

The Fortaleza area is going to see a major upgrade in road (there will be a new ring road), rail (Fortaleza is getting a metro system), bridge, port, and airport infrastructure. This will make certain areas more accessible and desirable. This will drive real estate prices in these areas higher.

Many of the projects on the governor’s list could create an opportunity for profit. Here are a few that have caught my eye:

• The south line of the metro will cost 1.8 billion reais. This will link downtown with middle-class areas and outlying industrial areas.
• 450 million reais is to be invested in the stadium. This area will also benefit from improved transport infrastructure.
• Fortim (to the east of Fortaleza) has been identified as an area to host visiting teams’ training camps. The government is already negotiating to host Spain. This project will involve a major upgrade in tourism infrastructure in addition to huge marketing exposure for Fortim.
• Road access is on its way to the village of Praia Bela from Aquiraz. This is a relatively small project (10.3 million reais) but will have a huge impact on Praia Bela. This area will also benefit from the completions of the bridge and new road from Praia du Futuro to the Beach Park area.
• Further funds have been allocated to upgrading the boardwalk area. And to the east of the boardwalk, the Port of Mucuripe is getting a 120 million reais passenger terminal.
• 9.7 million reais has been allocated to complete the bridge over the Coco River. Another 62 million has been allocated to link this bridge with Fortaleza’s ring road. This project will have a big impact on Praia du Futuro and the area that’s going to open up on the other side of the bridge.

My House My Life

While people from southern Brazil want to visit Fortaleza on vacation, Fortaleza’s new middle class want to move into a shiny new condo or house. They will want to be near infrastructure that will bring them to work and play.

There’s a government program called “Minha Casa, Minha Vida”. This translates to My House, My Life. This program has the mandate to make home ownership affordable to Brazil’s lower and middle classes. The My House, My Life program has 60 billion reais ($34.5 billion) in the kitty.

The program operates through a system of subsidies with Caixa Economica Federal, (Brazil’s government-owned savings and mortgage bank) at the heart.

Developers of qualifying projects receive a subsidy and a tax break. In return for this supply side incentive, they agree to offer units for sale at an agreed and competitive rate.

The government subsidy varies according to the applicant’s income. Earn up to three times the minimum wage and you can own a home worth up to 50,000 reais, by making payments equal to just 10% of your income. The maximum price depends on where you live. In Rio and Sao Paulo, for example, it’s 130,000 reais; in cities with more than 500,000 inhabitants (like Fortaleza), it’s 100,000 reais, and the cap is 80,000 reais in smaller cities.

This article has been republished from Pathfinder International. You can also view this article from Pathfinder International, an international real estate analysis site.

Brazilian Real Estate

According to GoldenTree InSite Partners, a New York-based real estate private equity investment company, the Brazilian real estate is booming again after fizzling at the end of last year, as sales have rebounded in one of the best emerging markets. Launched two weeks ago, a 104-unit residential project aimed to middle-income families in Vila Carrão, in the outskirts of São Paulo, is a perfect example, pointed out Mr. Thomas Shapiro, president of GoldenTree InSite Partners. “We sold every unit in four hours”, Shapiro said, adding that his company has recently raised an extra $500 million to invest in Brazil. ”Brazilian real estate market indeed took a dip in the fourth quarter but has now gone up “substantially”, added Shaphiro.

Brazil has kept a low profile internationally in the past few months, he added. That was good for GoldenTree InSite to search for good investment opportunities, as local listed real estate companies were suffering with the stock market debacle.

Very few funds were raised for Brazil because they forgot the ‘B’ from the BRIC countries,” Shapiro said, adding that the bulk of the available money went to India and China. “It was hard to find something with good fundamentals that was not outflown with capital,” he said. Shapiro said the fundamentals of the Brazilian economy looked better than expected for the year ahead and a stimulus package from the government has helped the real estate market heat up.

He discarded signs of a real estate bubble forming in Brazil, like the one that hit countries like the U.S. and Spain, according to GoldenTree InSite executive. “Brazil was never leveraged,” he said, adding mortgages represent only 2 percent of gross domestic product. “It could happen in the future, but I don’t see it happening today”, Shapiro said. That’s particularly true for the residential market, he said, in a country with an 8-million housing unit deficit. “Buyers of these units are not speculators,” he said.

In Fortaleza we have already been approached by US investors looking to construct so called “casas populares” popular homes. In general northeastern Brazil is growing and there is a huge demand for housing especially for the growing middle class. A Danish company is already acting in Fortaleza constructing houses and apartments for the middle  class.

Fortaleza Real Estate – Property in Fortaleza Brazil

Dream Village Apartment in Cumbuco

More quality properties upgrade the cozy village and beach of Cumbuco. The Dream Village Cumbuco condominium is now available among our rental properties in Cumbuco. Gradually Cumbuco is turning into a serious tourist destination with several other important installations becoming a reality such as Kariri Beach Residence and Villa Galé Cumbuco.

The Dream Village condominium in Cumbuco 27 km (17 miles) north of Fortaleza is set right on the beach a short walk from the center of the cozy village of Cumbuco. The whole condominium consists of 16 houses with a total of 46 apartments. All apartments have ocean view and enjoy a beautiful garden with a large swimming pool area with bar and barbecue area.

Dream Village Cumbuco

Fortaleza Real Estate has beautiful two bed room apartments for rent in Dream Village Cumbuco. Fully equipped with air condition, TV, DVD player, internet connection (wireless) fully functional kitchen with cutlery pots, pans and guest toilet. There are two bedrooms one master bedroom with a king size double bed, air condition, bathroom and balcony with chairs and table. The second bedroom features a queen size double bed with wardrobe and air condition.

The rental price per day is BRL 150
Approximately U$ 77/day

Special conditions apply for longer periods such as a month or longer. Please consult for special rates. To see if the apartment is available during the period you wish to go please the check availability calendar.

Cumbuco is a popular beach for all kinds of visitors, family couples, and kite surfers love Cumbuco, a village that offers many activities besides the beach life. Go for an adventures beach buggy ride in the sand dunes or enjoy the calm waters of Lagoa do Banana the lake just behind the sand dunes in Cumbuco where kids can enjoy a banana boat ride or for those who like more action Jet Ski can be rented there as well.

Cumbuco Lagoa do Banana

The shallow lake makes the lake perfect for smaller children. There are several things to do right on the beach in Cumbuco where you can go for a horseback ride or if you prefer engines they rent out tricycles on the beach as well. For those looking for water adventures kite surfing is a must or how about a boat ride on the regional fishing boats called Jangadas. From Cumbuco you can easily get to Fortaleza and enjoy first class restaurants, shopping and nightlife.

Hotel for sale in Cumbuco

It has been called the best location in Cumbuco.  In real estate the only thing that matters is location, location, location!  A corner property on the preferred upper side of the village that fronts the Central Tourism Bureau (CTB) and the depot for buggy ride adventures on the street side and the newest condominium project on the avenue side.

It is also just a 300 meter walk to the village square with all the shopping.  The daily traffic on the avenue is increasing every day.  There are two other new condominium projects on either side that are creating a year round environment.

The Portuguese resort groups Vila Gale are building a resort with hotel, private residence, and golf club with 18 holes.  And the boardwalks with a redevelopment of the village are in the plans.  This location is ideally designed and located to do birthday, anniversary, wedding, and general office parties.

Bring the great food and menu, create a musical atmosphere and make it comfortable, and they will come.  The aroma in the street will be too powerful to resist.

Pousada (6 rooms) with room for expansion

2nd Floor
2 rooms – each with a king and 2 single beds for up to 4 people
2 rooms – each with a king bed for a couple.  Dune view room has 2 single additional beds on the veranda and can accommodate 4 or 5 people.

* These all are on the 2nd floor and have top of the line bedding, refrigerator, and bathroom with hot shower, central air conditioning, television, bed netting, fans, and balcony with views.

1st Floor
2 rooms for up to 2 people

* One has a wall air conditioner and ventilator and the other only has a ventilator.
Both have mini bars and hot showers.

Kitchen / Cuisine (posada)
Fully equipped kitchen with deep freezer and refrigerator and all necessary utensils, dishes, and glasses. Also, waffle maker, microwave, coffee maker, blender, and many pots and pans.
Walk in pantry for spacious storage.

Laundry Room
2 washing rooms with a deep sink and working area. An area outside with cord for clothes and linen drying.

Linen / Storage Room
For storage of linens, towels, tablecloths, etc.

Living Room
Large relaxation area with sofa and television.

Office
General administration with direct access to kitchen.

Pool
Large pool with great deck / patio area with lounge chairs.  Shower area with compartment for filter system.  Has his and her bathrooms.
Projection area for pool and deck side viewing of music and film videos on 4 x 6 meter screen.

Bar / Barbecue
Great sized bar with shelving and a barbecue.

Balcony / Veranda
Great front 1st floor veranda with tables, chairs, hammocks, and comfort seating.

Storage Lockers
3 Extra large storage lockers with 2 compartments each for additional storage.

Parking (for posada guests)
Can comfortably fit 8 cars in locked area behind the building.

Restaurant / Club
Front reception / bar for greeting and drinks with television.  Dining area for 30 comfortably and central air conditioning.  Have two sliding doors for access to pool area and one for access to exterior veranda with room for another 30-50 diners.
Has his and hers bathrooms inside restaurant.

Music system with six speakers.
25” LCD color television in dining room for world cup games.

Remove the tables and enjoy air conditioned dancing and music into the wee hours.

2nd large kitchen for the restaurant with ample space for all appliances and separate area for washing dishes with 2 sinks and working area.  Has a gas-fired pizza oven, 2nd extra large churrasceira (barbecue).

Street Side Café / Dance / Event area

Great frontal area along side avenue for special events, live music, dining, and dancing.
Street parking and use of the public building parking provides ample parking for the restaurant and events.

Bring the live music, put out the tables and chairs, serve some great Brazilian “churrasco” (barbecue food) and they will come.

See more information about this hotel/pousada in Cumbuco on our webpages http://realestate.fortalezahomes.com/index.php/property/hotels/hotel-in-cumbuco-for-sale.html

Vila Galé Cumbuco an important factor in Cumbuco

The new resort Vila Galé Cumbuco from Portugal’s second largest hotel chain Vila Galé is an important factor for any investor in the region in and around Fortaleza. Any property owner in Cumbuco will benefit from this 5 star resort being constructed at the moment. The Vila Galé Cumbuco ranks as a 5-star resort and consists of several blocks to be built on a 100,000 square meter property. The Hotel will feature 12 blocks of guestrooms, totaling 360 double rooms. In addition, 12 beach chalets and 17 standard chalets will also be on offer.

Other features of the Vila Galé Cumbuco include a 2,200 square meter catering area, a Satsanga Spa for relaxation, and a nightclub for more spirited guests.
In turn, the hotel will afford lovers of nautical sports the opportunity to join a Nautical Club. A Kids Club has been set aside for our younger guests. Moreover, the unit will also feature a 1,500 square meter outdoor pool and three tennis courts.

Houses and apartments in Cumbuco are becoming more and more attractive, Fortaleza Real Estate already have several options in Cumbuco for rent ranging from apartments in Dream Beach or houses like Villa Branca. Soon we will offer apartments in the newly constructed condominium Dream Village and Kariri Beach Residence.

Contact Fortaleza Real Estate to find out more about investment oportunities.

Vila Galé Cumbuco

Aquiraz Rivera Plots Available

Plots in Aquiraz Rivera is  now available the plots are located on Marambaia beach in Aquiraz, around 25 km from Fortaleza, Aquiraz Riviera will be the largest international standard tourism development in Brazil, with an estimated total value of US$ 350 million.

The project is developed by the Portuguese-Brazilian Consortium, Aquiraz Investimentos SA, constituted by the Ceará State businessman, Ivens Dias Branco, and by the Portuguese Ceará Investment Fund – Fundo Turístico Imobiliário, Grupo Hoteleiro Dom Pedro and Solverde (a tourism division of Industrial Violas group with the concession of Cassinos do Algarve). With a total area of 285 hectares, being 1,800 meters in front of the sea and a hotel area divided in eight lots of four hectares in the first class of the beach, Aquiraz Riviera will have a 58-hectare Environmental Protection Area for the local fauna and flora protection.

The Dom Pedro Laguna Hotel construction determines the start of Aquiraz Riviera’s first stage, forecasted to be completed in 2009. In addition to the hotel it also comprehends the installation of total infrastructure – with raw water, treated water and sewage networks, irrigation systems, power and telecommunications network; and the construction of an 18-hole golf course and a Club House. Furthermore, six multi-family areas will be installed totalizing 400 apartments and the Village Mall.

The development’s second stage, with conclusion forecasted for the end of 2010, includes the construction of villas, six multi-family areas and the installation of two international standard hotels. The third and last stage has the conclusion forecasted for the end of 2011 with Aquiraz Riviera and all of its installations in full operation.

Aquiraz Riviera will project several centers for the practice of sports highlighting the golf course with 18 holes – par 72 and displayed through 7,131 yards, but still with a tennis center and an equestrian center.

Contact Fortaleza Real Estate for more information on the plots Aquiraz Rivera

Property investments in Brazil

Investors are advised to look at property for sale in Brazil because of the country’s strong economy, according to an expert.

James Gonzalez, market analyst at Obelisk Investment Property, says that the country is “stable” under the leadership of President Luiz Inacio Lula da Silva and says the economy is “thriving” as the exports grew by nearly 15 per cent last month and people have the confidence to spend money. The Economic Commission for Latin America also reported that the country’s stock market registered a healthy trade surplus of $3,700 billion (£2,456 billion). Mr. Gonzalez has said that this tendency looks set to continue for the rest of the year, which is likely to be good news for Brazilian property investors

Paulo Wrobel, from the commercial section of the Brazilian embassy in London states that South American nation is likely to perform better during the recession than developed countries because the markets are “very robust”. Mr. Wrobel asserts that the regulations in place in Brazil are very strict for the last decade or so and the country has not seen the kind of turmoil experienced by other major powers.

He commented: “The construction is growing quite substantially but there was no madness in terms of lending for those without the capacity to pay.”

A consensus between analysts in the field of Latin American finances has found that Brazil and Mexico will be the healthiest economies in Latin America in 2009, Property Abroad reports. Property investors in Brazil will also experience a stronger-than-average drop in inflation, the magazine asserts.

Meanwhile, Brazilian property investors could be interested to hear that Mr Meirelles, the president of the Latin American nation’s Central Bank predicts the economy will grow at a rate faster than the global forecast of two per cent.

Fortaleza Real Estate

Rentals in Fortaleza Brazil

We have recently received many requests for rental properties in Fortaleza and to meet the demand we have now added several new apartments for rent in Fortaleza. Right in the heart of Fortaleza we offer a few nice penthouse apartments for example Atlantic Ocean with cable TV and Internet this beautiful apartment is set on the top floor with a magnificent view over Fortaleza. The Leme Penthouse is perfect for two couples or a family with 4 bedrooms also with Cable TV and Internet. Check our rental pages to find just your specific apartment. All our apartments hold high standard.

Are you a property owner looking to rent out your apartment the contact us and let us know about your property.

Fortaleza Real Estate

www.realestate.fortalezahomes.com

Property investments and growth in Brazil

Investors are advised to look at property for sale in Brazil because of the country’s strong economy, according to an expert. James Gonzalez, market analyst at Obelisk Investment Property, says that the country is “stable” under the leadership of President Luiz Inacio Lula da Silva and says the economy is “thriving” as the exports grew by nearly 15 per cent last month and people have the confidence to spend money. The Economic Commission for Latin America also reported that the country’s stock market registered a healthy trade surplus of $3,700 billion.

Mr. Gonzalez has said that this tendency looks set to continue for the rest of the year, which is likely to be good news for Brazilian property investors. Paulo Wrobel, from the commercial section of the Brazilian embassy in London states that South American nation is likely to perform better during the recession than developed countries because the markets are “very robust”. Mr. Wrobel asserts that the regulations in place in Brazil are very strict for the last decade or so and the country has not seen the kind of turmoil experienced by other major powers. He commented: “The construction is growing quite substantially but there was no madness in terms of lending for those without the capacity to pay.”

A consensus between analysts in the field of Latin American finances has found that Brazil and Mexico will be the healthiest economies in Latin America in 2009, Property Abroad reports. Property investors in Brazil will also experience a stronger-than-average drop in inflation, the magazine asserts. Meanwhile, Brazilian property investors could be interested to hear the president of the Latin American nation’s Central Bank predicts the economy will grow at a rate faster than the global forecast of two per cent.

Fortaleza Real Estate

Dream Beach Cumbuco Apartment for sale

This luxury apartment is painted in yellow/brown on the outside, and white inside. The apartment is newly refurnished and has a lovely sea view where one can enjoy the sun set from the terrace. The living-room has a table, two seat-er and three seat er sofa, dining area with table and seating for 6 persons, three bedrooms with private bath and terasse with sea view on both sides of the house.

This apartment is for sale – PRICE 1.645.000 NOK Norwegian Crowns

Rental price per day is BRL 300.00 for longer period price can be negociated.

Dream Beach Cumbuco - Apartment For Sale

Kitchen:

Dream Beach - kitchen

• Very well furnished and complete kitchen equipment. Refrigerator/freezer
• gas oven
• water cooler and electric appliances you would expect from a high standard kitchen

Dream Beach - bedroom

Bedroom Equipment/Inventory

• Each bedroom has a King-size bed
• wardrobe and a silent operational air-conditioner with remote controls.

Dream Beach - bathroom

Bathroom Equipment/Inventory

• Each bedrooms has private bathroom with shower
• sink and WC. One of the bath has equipment for handicap people. (look at the photo)

Dream Beach - livingroom

Livingroom Equipment/Inventory

• Coffee table
• two seat-er and three seat-er sofa. Dining area with sideboard
• table and seating for 6 persons. TV
• stereo
• two TV chairs and table.

Dream Beach - veranda

Extra Equipment/Inventory/Items

• Terrace furniture: Sofa
• two tables
• 6 seats
• one sundeck chair
• two double hammocks and grill. Laundry room with washing machine and cloths drying facilities

Not included in price

• Cleaning every day is not included (you may order a maid that will clean and do the dishes everyday for a small fee)

Included in price

• Cleaning once a week
• Satelite TV and wireless network is included.

The administrator on Dream Beach takes care of our guests and makes sure that the stay is as perfect as expected. Information folders are available in each apartment, describing indoor equipment usage and what to do and see in the area.

At the center of the village is the praçinha (town square). Surrounding this are many shops, snack bars, restaurants, small supermarkets

We have no less than 7 pools in and around the property, one main pool, and 6 pools for kids or adults that just want to relax in 2 feet of water with refreshment in their hand.