Buriti Bay - the hottest spot to invest in Brazil

Buriti Bay is situated on the stunning Atlantic coast 150 KM from the City of Fortaleza north east Brazil, one of the most popular tourist destinations in the region of Ceara. It is characterized by natural stunning scenery and incredible beaches. This area is popular with both Brazilian and non-resident tourists because it has the lowest crime-rate compared to the rest of the country, and is less densely populated enabling you as an investor to enjoy its unspoilt beauty in peace. Although it's laid back during the day, Buriti Bay comes to life in the night giving the whole area a vibrant and atmospheric feel. But it's also excellent if you are thinking of retiring as the cost of living is so much lower than in Europe, a small pension can a go a long way. It has fast become one of Brazil's most popular property investment destinations for three reasons mainly.

Firstly, it's close to the capital of the Ceara region, Fortaleza is considered to one of  most wealthy cities in Brazil that is basking in a lot of success. Fortaleza has been enjoying a considerable boom as increasing amounts of international, national investment and aid have been directed into the region building the back of its highly successful tourist service and agricultural industries. Buriti Bay resort has benefited greatly from this economic overspill as Fortaleza generates approximately 40% of the overall output of the entire Ceara region and this upward trend (especially in tourism), shows no signs of slowing down in the very near future.

To gain a comprehensive understanding of the full investment appeal of buying property in Buriti Bay, one must look at the context of investing in Brazil in it's entirety.  Brazil is widely acknowledged as being one of the world's genuine emerging property markets,and has found that they are increasingly gaining credibility amongst the more adventurous property investors globally, especially if you like water-sports, walking, hiking, photography, clubbing and lots more.

So why are so many investors so keen to purchase property in Brazil?

Secondly, it's the  fiscal argument, Brazil offers a series of sound economic fundamentals that make it an investors haven at present. Its home to the worlds seventh largest economy (ahead of India and Russia), and a part of BRIC, Brazil will be home to one of the world's five leading economies by the year 2050. The key to this huge potentially explosive growth is the abundance of natural resources which are in Brazil, including large reserves of oil and ethanol. Oil industry experts estimated the reserves of oil in Brazil are, at 40-50 billion barrels, comparable with those in Saudi Arabia. This unique position (considerable natural resources) has resulted in Brazil being less reliant on imported goods, and as such has offered the country a degree of insulation against adverse global conditions especially as oil prices are very high at present. Their stability can be assessed by the regularity in which they have been paying off their IMF loans thereby reducing inflation and increasing employment for the locals.

Tourism

Thirdly, with the economics giving the country a sound basis, its natural beauty is why so many people are choosing to visit and buy property in Brazil. Stunning natural scenery, including thousands of miles of beautiful coastline and some of the world's most pristine rain-forests offer Brazil the potential for one of the world's most successful tourism industries. Buriti Bay in north-eastern Brazil, is still expanding at a considerable rate, and it is estimated that visitor levels to Fortaleza in particular will increase by over 35% in 2012, hence all the developments in Buriti Bay will enjoy considerable success without any doubt from the spinoff. It has all the benefits such as a relaxed life-style, low cost living, clean beaches, golf resorts, tropical climate and spectacular natural geography to bask in. Most developments do have all the facilities that any modern town would have, such as a good transport infrastructure, shopping malls, delicious gastronomy, colorful history and an interesting folklore to keep everybody amused.

Understandably, this growth in tourism in the region has resulted in a huge increase in the demand for short term rental property in Buriti Bay, and whilst developers are bringing new projects there is still a considerable shortage in this region. The reason being that most of the coastline initially had small villages dotted on miles and miles of amazing beaching and many have experienced an explosive growth. The rise in short-term lets is going to increase considerably as Fortaleza is hosting FIFA World Cup in 2014 and perhaps some of the qualifying games for Olympics 2016.Today, a number of high quality property developments are underway in the region, just to cater for the huge demand that the area is going to experience. The government has spent millions on developing the world's fourth largest airport in Natal.

To summarize, Buriti Bay offers a sound overall package for the international property investor, and there are a number of high quality property developments in the region which have the opportunity to provide considerable returns in the years to come provided you choose wisely.