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Hot Properties Tempt Investors To Brazil
January 7, 2009Article by Ray Withers
Brazil is flying high as one of the world’s economic powerhouses – but this massive country has much more to offer. Booming Brazil is also a magnet for tourists looking for fantastic beaches, quality accommodation and last but by no means least – average temperatures of 28 centigrade and more than 300 days of sun every year. Brazil is also the nearest landing place in South America for flights from Europe and plans are underway to build the fourth largest airport in the world to handle five million passengers a year from 2010.
The airport is under construction near the coastal city of Natal, which sits amid the picturesque palm-fringed coastline stretching lazily over 400 miles of sandy beaches. Flying time to the new airport is no longer than that to Miami from Europe. Investment dollars are flooding in to the region from the US – with at least 20 major golf courses in planning or construction phases. On the investment ‘must do’ list is also a huge marina and more holiday and tourist property in Natal. For tourists, this part of Brazil is a dream destination – the sun, sea and sand are already there, and now the infrastructure to bring in tourists by air, plus the facilities to feed, sleep and entertain them are coming.
Visitor numbers are already up 134% over the past three years, and tourism chiefs are working to grow the influx in to an invasion by making Natal a tropical playground. Brazil hosting the 2014 World Cup is sure to boost tourism – and the 65,000 capacity Estádio Estrela dos Reis Magos in Natal will be the backdrop for group qualifying matches, bringing thousands of football supporters in to the area.
Development has already started on the first luxury tourist property in Natal. It’s no surprise to hear that they are popular when the Brazilian cost of living is so low compared with the US and Europe and the scorching weather gives an all-year round season for holiday letting. Property prices have increased by 20% – and some Natal property by even more – over recent years. Developments close to city include The Natal Ocean Club is located just 25 minutes from the centre of Natal, offering easy access to the city and airport while still providing seclusion and unspoiled views of the countryside and ocean.
The holiday village is set in 20 acres of tropical gardens and has a 300 metre private beachfront. Yields are expected to hit 15% with the current operator room rates. Acclaimed Brazilian architect David Bastos has designed the complex, which comprises apartments and villas priced from £168,000 for a one-bedroom condo to £4.5 million for a luxury 6-bedroom villa.