Fortaleza Real Estate in Northeast Brazil

Fortaleza real estate opportunities abound in both the residential and commercial real estate markets of this growing city. Myriad properties in this city, which boasts a solid economy and infrastructure, offer investors the chance to invest in Brazilian properties for only a fraction of the cost of Brazil’s major cities of Rio de Janeiro and Sao Paulo.

Fortaleza, the capital of the state of Ceara, lies on Brazil’s northeast coast and is the home to 3.4 million residents. Economically, the city has benefited significantly from an increased attention to tourism which has resulted in major infrastructure improvements to roads, hotels, and utility services. Moreover, Fortaleza has attracted major companies in the textiles, food processing, and shoe manufacturing industries.

Real estate in Fortaleza exists in a multitude of forms and in virtually all price ranges. Beachfront and ocean view properties provide investors with a wide range of options. Simple beachfront condominiums comprise the majority of the market but undeveloped land, hotels, and apartment complexes may also be found. In the city’s downtown areas, the boost in tourism has made a number of hotels, inns, restaurants, and retail spaces available on the commercial market.

Recent changes to Brazil’s mortgage banking laws will no doubt greatly supplement the real estate markets in Brazil. Traditional thirty year mortgages are now available to the vast majority of the population thereby providing a significant increase in the number of potential real estate investors. As a result, a previously non-existent consumer market for Brazilian real estate is growing and is sure to support an already strong real estate market.

The chance to purchase beachfront and ocean view property along the beautiful beaches of Brazil’s Northeast coast at prices significantly less than those of Rio de Janeiro and Sao Paulo make Forteleza real estate a viable option. Increased tourism and an increased consumer buying market combine to make the conditions ripe for investment in Fortaleza’s residential and commercial real estate markets.