The north east of Brazil is a property investment hotspot. Tourism is rising rapidly in the region and property prices are rising at the same time. Because of the increased numbers of tourists, the opportunities for property investors to rent out their investments are good. In the future Brazil is set to become one of the largest economies in the world in line with the expected major economic powerhouses of China and India.
Overseas property investment in the area has been boosted by the international business that has been attracted to the Natal area due to the low labour and running costs together with an attractive working lifestyle. The Natal area has a climate that is envied by many, with very little temperature fluctuation the climate is nearly always warm and sunny.
As local and foreign investment in the Natal area is high so property prices are rising and demand for property grows continually. With the increased numbers of tourists arriving there are plenty of opportunities in the area for business and property investors. Properties are selling fast as investors and locals buy properties that have excellent potential.
The government has shown it's willingness to invest in the region by building a new airport in Natal, at the moment it is under construction but it is planned to be finished in 2009 and will be able to cope with an estimated 5 million passengers in 2009. In the years between 2002 and 2005 the number of people using Brazil's airport's increased by 50 percent.
The airport project is part of the main framework for tourism development in the north eastern area of the country set up ten years ago: the Programa de Desenvolvimento do Turismo no Nordeste. More than 670 million dollars have been invested in transport, environmental issues, infrastructure and strengthening of tourism management. Due to the success of this, another programme has been set up that it is envisaged will invest a further 400 million dollars into the area.
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