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The Word on the Street is Brazilian Property in Fortaleza

By Nicholas Marr

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Published: 30Jul2007
Word count: 445
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International property investors are right now researching Brazilian property and many are finding the area of Fortaleza, Brazil an attractive place to invest. Cheap land prices a stable economy and low cost of living Brazil is a strong contender for the hottest overseas property location in the world.

Fortaleza is situated on the far northeast coast in one of the driest and sunniest parts of the country. This city of 2.1 million inhabitants is the capital of the state of Ceara and sits along the spectacular Atlantic coastline. Fortaleza is known for its sunny days and active nights

There is something for everyone in this city, from beaches and bars to culture and shopping. Iracema Beach is a popular, eclectic beach that has many all night bars for tourists and locals alike to enjoy. Other popular beaches include the Praio de Futuro, Meireles, Volta da Jurema and Mucuripe. The last three of these beaches are connected to each other by the Avenida Beira-Mar, a three mile long road with just about anything anyone could want. The largest water park in Brazil is at Porto das Dunas, about 20 minutes south of the city.

Fortaleza has many existing properties for sale that are available at very reasonable properties. For those looking for a place to retire, this is a hard place to beat with existing costs so low. It is also beginning to see some major developments spring up, particularly along the coast outside of the city. Taibai Beach Gardens is a new development about 60 minutes outside the city and The Fountains, Praia das Fontes, about 50 minutes south of the city are two popular new developments. These and other developments have many off-plan units for sale, and the values are only expected to rise in the coming years.

Development and investment is slowly moving up the Brazilian coast and now is a great time to get into this area. Over the next few years, there will be much greater activity in these areas, and the investments and values of all properties will rise.

With the recent opening of its new international airport terminal, getting to Fortaleza is becoming easier. Pinto Martins International Airport (FOR) opened its terminal in 1998 and is just 15 minutes from downtown. Because of its location it is the closest major Brazilian city to Europe and there are an increasing number of charters that fly directly into Fortaleza. There is connecting service from Salvador, Rio de Janeiro, and Sao Paulo.

Brazil is already making investors money house prices are picking up and the currency is getting stronger no wonder the word on the investment street is Fortaleza Brazil

Nicholas Marr is clearly an observer of life and front row spectator of the events in the overseas property market. A lifetime property investor his UK based company Marr International owns one of the fastest growing overseas property websites in Europe at http://www.homesgofast.com and Brazilian property website at http://www.brazilian-homes.com/

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