Brazil Real Estate Market Booming in North-East Region – Waseem Saddique, CEO of Housetech Developments, Welcomes Brazil Property Sector Growth
Amid speculation that the Brazil Real Estate Market has entered a ‘bubble', the North-East region of Brazil continues to defy the market sceptics by thriving at a relentless rate. In this article, Waseem Saddique reveals the secret behind the success of the North-East Brazil Real Estate Market.
(PRWEB) October 26, 2012
According to a report published by ‘Property Showrooms' a number of Brazilian real estate agents have revealed how housing development companies are finding it difficult to keep up with the volume of interest from potential buyers.
Waseem Saddique asserts: “There are many factors behind the recent surge in interest in the North-East region of Brazil. One of the key elements is the movement of Brazilian natives, with many people from cooler regions of the country retiring to warmer climates such as Natal.”
A number of people who are local to the North-Eastern region of Brazil, with essential funds, are also looking for a way into the rental market. Furthermore, an increasing number of workers in Brazil's North-Eastern towns and cities are looking to invest in the Brazil Real Estate Market in order to get their foot on the Brazil property ladder.
As well as an increasing volume of locals identifying the attraction of the property market in Brazil's North-East, a number of international investors have also recognised the potential. Natal in particular is proving quite lucrative at present given its status as a ‘host city' for the FIFA World Cup in 2014.
Waseem Saddique comments: “The Brazil Real Estate market is buoyant at the moment and North-Eastern parts of Brazil are really experiencing the benefits of continued development, with social and economic situations experiencing positive changes.”
Alongside Natal, the report by ‘Property Showrooms' also identified the area of Florianopolis as another city reaping the benefits of a booming real estate sector. Florianopolis is the capital city of the southern region of Santa Catarina.
In recent years the area has experienced house price growth of around 10% on an annual basis and adds further credibility to support the notion that the Brazilian Real Estate Market continues to thrive despite the global economic crisis.
Despite claims from a number of industry experts that the Brazil Real Market is ‘slowing down', on the evidence of this report, their claims seem unfounded and speculative as many areas across Brazil continue to experience increasing demand for housing.
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