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"Opening up of new air routes is one of the strongest drivers of real estate prices in emerging markets. In Europe this trend is dubbed ‘The Ryanair effect.’" — Ronan McMahon
Blogger’s note: Why would you buy real estate somewhere difficult to reach? Ronan McMahon of International Living knows that no one, except [...] ... Continue reading »
Blogger’s note: Why would you buy real estate somewhere difficult to reach? Ronan McMahon of International Living knows that no one, except [...] ... Continue reading »
11 months ago
It is also worth mentioning that a massive new airport is being built in the northeast near Natal.
The Tourism Development Programme in the North East, PROSETUR / NE
Over 670 million dollars have been invested through this programme in infrastructure; transport, the environment, and tourism management bodies.
The success of this has resulted in the implementation of PRODETUR / NE II with an estimated investment of 400 million dollars.
Part of this development is the massive airport that is being built in the city of São Gonçalo, about 30 km from Natal, when it is built it will be the second largest airport in Brazil and the 5th largest in the world and being both a cargo and passenger airport it will most certainly have a very positive impact on the growth of trade industries and especially Tourism.
This massive public investment and urban development activity has led to a major influx of private investment, most notably residential tourist property developments with many top quality tourist resorts offering a range Brazil property including many different apartments and villas in superb locations.
Its is these new resorts that are taking advantage of the property market boom, many shrewd investors including international celebrities have already purchased and some of the property values have increased by 100% in less than 36 months.