Direct flights from United States of America to Northeastern Brazil.
Delta Airlines will fly 4 times weekly to Northeastern Brazil starting the 22nd of December. They will fly Atlanta-Recife-Fortaleza-Atlanta and American Airlines will fly starting 2nd of November daily between Miami-Salvador-Recife-Miami.
The flights can be booked through the airlines webpage's.
Fortaleza Real Estate
www.realestate.fortalezahomes.com
Fortaleza Real Estate has one apartment available in the recently completed Tabuba Ocean Residence 27 kilometers from Fortaleza and neighbor to Cumbuco village.Banco do Brasil: today Latin America: tomorrow, the world?
Alamy Just a few years ago, the average Brazilian would never have dreamt of borrowing from a bank. Loan rates were sky-high and what mortgage money there was available was offered to customers on unmanageably short terms of just a few years.
But a prolonged period of interest rate cuts have taken the country’s benchmark Selic lending rate down to 11.25% and sparked a surge in demand for consumer credit. With inflation running at more than 4%, real interest rates in Brazil are still the highest in Latin America. And consumers can only dream of obtaining cash at 11.25%; in reality, banks charge customers anything from 35% a year to 100%-plus on unsecured loans.
Canny consumers have found one way round that, however. One of the biggest growth areas is car loans, which accounted for around a third of personal lending in Brazil last year. Rates on auto loans are far more competitive, at under 20% a year, and manufacturers offer long terms and low down-payments. Thus it is not uncommon for Brazilians to sell their cars to raise cash to fund other purchases and then simply take advantage of a cheap loan to buy a new car. In Brazil’s boom-bust years, banks would simply not risk lending to consumers.
But recent legal changes have been fuelling the demand for credit, and have helped create a new market in loans deducted direct from payrolls. This has opened up the credit market to the poor, with the bulk of payroll loans taken out by low-earners. Other changes have brought in faster bankruptcy proceedings and asset recovery process.
There is a cultural change too, believes Carlos Jeireissati, chief executive of the real estate developer Iguatemi, which specializes in shopping centers. He recalls a meeting with some Spanish businessmen: “All of them had either one or two mortgages. Among the Brazilians present, none of us had credit. This happened six months ago.” Brazilians have historically had an aversion to debt, he says. “We have always looked at debt as something over which we have no control. “Now this is changing. Regardless of the interest rate, because there is more predictability, credit has started to enter the life of Brazilians.”
São Paulo state savings bank Nossa Caixa, one of the largest financial institutions in Brazil, plans to increase loans to individuals by more than a third this year and to up its lending to businesses by 50%. Nossa Caixa is controlled by the government but its shares are now quoted on the stock market, which chief executive Milton Luiz de Melo Santos believes is vital to its continued development. The visibility and accountability brought by the bank’s share float has made it more competitive and also helps it resist political interference from “congressmen, mayors and government officials generally,” he says.
The bank is accountable to its shareholders, which gives it more control: “I have more arguments to say ‘no’,” he says. Despite the recent boom in lending, bank loans in Brazil still equate to little more than a third of the country’s gross domestic product, well behind levels in developed countries. Mortgage lending equates to just 2% of the country’s GDP, leaving plenty of room for growth.
At Banco do Brasil, vice-president Jose Maria Rabelo is keenly aware that the banking sector has a long way to go before it can compete effectively with the rest of the world. The main challenge, he says, is scale: “We are the biggest bank in Brazil and in Latin America, but when compared with the biggest banks, the leaders in the world, we are small.”
Fortaleza Real Estate
www.realestate.fortalezahomes.com
Real Estate Investments in Brazil
Increasingly, you may hear that investing in real estate is a good option for your financial future. Did you know, though, that investing in overseas real estate can be a better idea than investing domestically? Investing in real estate in Brazil is an excellent idea for a number of reasons.
Brazil is in the top five of the largest countries in the world, leaving lots of areas for real estate investors. Moreover, the areas Brazil encompasses include more than four thousand miles of beautiful coastline property, the massive Amazon, rainforests, mining towns, mountains, and towns like Sao Paulo and Rio de Janeiro. With a cost of living that is significantly lower than the United States, Brazil seems like the perfect place for your first overseas property investment. However, there are several things that you need to know before you can begin buying and selling in Brazil.
One of the first things you should know is that you must have a CPF, or a Brazilian tax registration card. In order to get this piece of identification, you should first have your birth certificate translated into Portuguese (the national language of Brazil) by a member of the nearest Brazilian consulate.
The next step requires a bit of travel, but it will put you well on your way to starting the investment process. Some individuals are eligible to apply for a CPF through the Receita Federal website, but check with your Brazilian consulate to be sure. If not eligible, travel to Banco de Brasil with both your translated birth certificate and your passport. This major Brazilian bank is headquartered in Brasilia, and while there are branches in major cities like New York, they are only available for larger corporations and traveling Brazilian nationals. A fee is required for your CPF, and twenty-four hours later, you can pick up your CPF number at Receita Federal, also located in Brasilia.
You need to set up a post office box somewhere in the country, as your new card can only be mailed to a Brazilian address. This step will occur within the next two months. During the course of your first few investments, it is best to use an English-speaking broker in the area that you wish to invest in. Not only will it help you to understand the country as a whole, it may also help you to identify some of the deals that you might have overlooked. It also helps to ensure that you have to engage in very little travel, if you prefer it that way.
When you're ready to choose an area for investment, talking to other Brazilian investors would be helpful, but some of the best spots to invest in include Fortaleza with has some of the hottest properties in Brazil Aquiraz, Porto das Dunas and Cumbuco are some of the best beach places for international travelers.
Investing in property overseas is a great idea for your financial future, and at the moment, Brazil is the one of the best places to invest in.
Fortaleza Real Estate
www.realestate.fortalezahomes.com
Set right on the beach with a beautiful pool area and garden.
A House for Rent in Cumbuco
The house is white with a red roof and is situated only 40 meters from the Atlantic Ocean. The house is 4 years old and is built in south French style. (The former owner who built the house was French).
Within a short radius from the house there are several restaurants and two major hotels and of course the neighbor restaurant Boxing Kangaroo only 100 meters from the house. Here you can enjoy dishes such as king prawns, lobster or maybe get a good steak. Whatever you choose you will get a good and well served meal.
In total there are 6 bedrooms with a total of 15 beds (6 double beds and childbed with three beds) Each bedroom has its own bathroom and shower. All the rooms are equipped with ventilators and the largest room is equipped with an air conditioner.
A perfect house for a team of kitesurfers. Kiteschool in Cumbuco just next to the Villa Branca.
Kitesurfing at Cumbuco Beach
The conditions of Cumbuco beach are truly wonderful for all levels of kite surfer; there is a small shore dump and then flat water with slight sea swell. Cumbuco beach is one of the world's most idyllic bays for kitesurfing.
The beach of Cumbuco has two main sections, the upwind bay stretches from Barraca (beach restaurants) Cumbuco Beach 4km downwind to the point where Duro Beach Hotel is.
The centre of the village has Barraca's (beach restaurants) all along the beach, it's very narrow at high tide and there can be lots of swimmers so it's best to either kite upwind or downwind of this 1km stretch.
The best place to launch and land to kitesurf in the main bay of Cumbuco is from Hi-Life Kitesurfing School, from here onwards you have 10 kilometers of open empty beach and ocean to play in.
The shore dump can at high tide when there is a big swell reach 1m (only a few times a year, mainly Jan onwards) but normally its only 0.5m and there is only one line of breaking waves.
At low tide there are sand bars off the point that produce nice waves around 300-400 hundred meters from the shore.
For all kiters Cumbuco is a dream place to kite - and the village has allot going on, all based around kiters. Villa Branca is a 20 minutes walk along the beach to Cumbuco.
Dream Village apartments consist of 16 houses that cluster around the central water feature and swimming pool with its bar and barbecue area. There are 46 apartments in the 16 houses, each one with a sea view, even those furthest from the beach.
Decking on the shoreline gives straight onto the beach and more than any other development we have planned, this one will have the intimate atmosphere of a village.
There are four different types of apartment in the development. All the houses have a duplex apartment on the top two floors. The two houses nearest the beach are very spacious and have one apartment on the ground floor, with the duplex above.
The other houses have an extra storey, so there are apartments on the ground and first floors, as well as a second/third floor duplex.
All apartments have ample terrace areas, the upper duplex apartments particularly having very large balconies.
The development is gated and has 24-hour security.
Car parking is confined to the back of the development, near the road, to keep vehicles away from the pretty landscaped grounds. The site is dotted with trees and has paths winding around the central water feature. The swimming pool is served by a bar and barbecue area and showers.
Apartments on upper floors are more expensive than those lower down, and apartments in houses near the beach are generally more expensive than those nearer the road.
The apartment we have for sale is Dream Village 501 and selling for € 149.500
Ground floor apartment Nº 501-V.
Gross area (to outside of walls): 85 sq. meters.
of which the balcony area is: 28 sq. meters.
The construction is estimated to finish in December 2008.
A rhythm the world listens to
In just the last year, Brazil's economic indicators have been glowing. 5.2% growth, inflation below 5%, low interest rates and an investment-grade rating round the corner. But will its chaotic infrastructure hold it back?
Despite the latest in a series of corruption scandals — this time over officials running up huge personal bills on government credit cards — president Lula da Silva remains Brazil's most popular leader in living memory. And why wouldn't he? From the boombust days of triple-digit hyperinflation in the late 1980s and early 1990s, Latin America's biggest economy is enjoying a new period of stability and growth. It was six years ago that Goldman Sachs economist Jim O'Neill formulated the concept of Brics — the giant emerging economies of Brazil, Russia, India and China — which he believed would grow so rapidly they would overtake most of the developed world's economies by 2050. Until last year Brazil, the world's 10th biggest economy hadn't looked much like fulfilling that promise. But in 2007 its stock market was among the best performing in the world and the country climbed rapidly up the global league table for foreign direct investment, attracting $34.6bn — almost double its 2006 total. Growth, which had averaged just 2.5% a year over the two decades before Lula swept to power in 2003, reached 5.2% last year. Inflation has been kept under control and within government targets of 4.5% and
interest rates have been falling steadily. The country remains on track to gain an investment-grade credit rating later this year, despite jitters from the global financial crisis. This would allow the government to borrow at lower rates and would also widen the country's appeal to overseas investors. Investment-grade status will be "very positive," says Jose Carlos Grubisich, who heads petrochemicals group Braskem. "Not only will we have lower funding costs but
also access to a larger base of investors." The government appears confident the economy is in good shape to withstand the worst of a world slowdown, although growth is expected to fall to around 4.5% this year. There have been worrying signs — in January Brazil ran up a current account deficit of $4.23bn, giving the country its first 12-month deficit in five years, at $1.17bn. Economists expect its trade surplus to narrow from $40bn in 2007 to
around $33bn as imports rise rapidly to feed domestic demand. Growth in its exports to China, up from 2% two years ago to 10% now, will help
cushion Brazil should America move into recession but it is domestic demand that remains buoyant. The spending has been fuelled by a slashing of interest rates from the 45% peak they reached in 1999 to 11.25%. Credit, a new concept to most Brazilians, is becoming more widely available and the pent-up demand for consumer goods is kicking in.
Need for reform
Despite the new mood of confidence in the country, Brazil has lagged behind the other Bric countries, hampered by the urgent need for radical reform of its
bloated public sector and its complex tax system, which stifles enterprise and imposes a crippling burden on business. A recent survey by PWC and the World Bank calculated that it takes a typical Brazilian company an astonishing 2,600 hours a year to comply with tax legislation. That compares with an average of 322 hours for the 178 countries in the survey and less than an hour in the Maldives. Lula has been widely applauded for his Bolsa Familia financial aid programme which helps 40 million of the poorest Brazilians and is conditional on school attendance and vaccinations for children. It costs some 9bn reais ($5.3bn) a year, but the gap between rich and poor in Brazil remains vast. Many millions live in favela or shanty towns, with a housing deficit estimated at 10m homes. Hike up into the favelas, the notoriously lawless hillside slums, and you find hairdressers, stationers and electrical goods shops reporting booming sales. There are still, of course, the more traditional booms courtesy of drug-dealers in combat fatigues who sit on pavements making little piles of gunpowder. "A bomb for the police," explained one young bomb-maker in Rocinha, a Rio favela, after a shoot-out that killed an 11-year-old girl.
Gang warfare and police brutality remain embedded here, as does extreme inequality. Some shantytowns, with their legions of street children and shacks of wood and plastic, could pass for the more impoverished parts of sub-Saharan Africa. Except that overhead there are helicopters ferrying the super-rich to shopping appointments with Gucci and Jimmy Choo. Economic and social indicators do suggest the gap is closing, albeit slowly. "What has been achieved looks more solid than in some other countries," concludes Michael Reid in a recent book, Forgotten Continent: the Battle for Latin America's soul. Reid's upbeat assessment comes with a warning about the need for bolder premarket reforms of byzantine taxes, red tape and outdated labour laws. Some critics go further and argue that Brazil is glitzy but hollow, just like a carnival float, because it is coasting on benign global conditions and a domestic credit boom while shirking the hard graft of building a competitive economy.
"Everybody is making a lot of money," says Alan Goldlust, the head of Comexport, a big trading company. "I'm making more money than I've ever made. But nothing is being done to improve our schools or labour laws or bureaucracy. We're filling our stomachs but not our heads." In the same vein some western diplomats credit Lula with raising Brazil's prestige but not its influence, partly because he lets Venezuela's Hugo Chavez shout as regional spokesman. A permanent seat on the UN Security Council is still a dream. The president's vow to end the corrupt ways of the old elite has also faded in a
slew of financial scandals tainting senior members of his ruling Workers' Party. Dilma Rousseff, the president's chief of staff, disagrees. Lula was enthusiastically voted back into power last year, she points out, and the government is sticking with its commitment to low inflation and financial
stability. "We have shown we are not afraid of taking tough decisions." It used to be said that Brazil was a country with a great future condemned to its
eternal contemplation. That future has not arrived, not quite yet, but it is closer now than it has been in generations.
For Roger Agnelli, president of mining giant Vale, Lula's government has been a pleasant surprise. But the country's inadequate
infrastructure urgently needs attention, along with the fiscal system. "We have to think about railways, harbors and energy." The boom in commodities and overall global growth has largely been behind Brazil's increased prosperity, says Flávio Maluf, president of the wood and metal products group Eucatex. But reform is urgently needed: "Perhaps we will have two or three years of prosperity, but Brazil has to go through a dramatic structural change in order to keep growing." That view is echoed throughout Brazil. Most accept that total reform would be a political impossibility, but changes to pensions and the tax system are "imperative" if the country is to continue to attract overseas investment, says Sergio Thompson- Flores of Infinity Bio Energy. "Brazil today is like a marathon runner carrying an anchor round his neck … the anchor is our taxation system, which is a burden worsened by our labour laws and
benefits." It is a wonder Brazil manages to run the race at all, he says. Marcos de Moraes, a former dotcom entrepreneur who now heads the fast expanding
Sagatiba drinks business, has a more sanguine view on the lack of reform: "The economy and the government can go the same way or not," he says. "Fortunately the economy is depending less and less on the government as it's becoming stronger. "We are survivors here, never forget that. We endured a period of hyperinflation, a military government … we've survived many difficult situations here in Brazil."
Property in Cumbuco is getting more and more interesting! After many years of preparing for construction the second largest hotel chain in Portugal Vila Galé announced that they have started construction of the Cumbuco Beach Golf Resort. The 5 star resort will occupy an area of 10 hectares and the project is expected to count with the installation of luxurious Spa Satsanga. The project of Vila Galé Cumbuco will also include initially a golf course of 9 holes later to be extended to a full 18 hole golf course on a total of 450 hectares of beautiful coastal land nearby the village of Cumbuco. The construction of Vila Gale Beach Golf Resort will benefit the whole region around Cumbuco with improved infrastructure.
The Kariri Beach Residence is due to complete construction end October 2008 and it will be run as a hotel as well as private apartments. With that Cumbuco gains a high standard resort right on the beach in the heart of the small fishing village of Cumbuco. Along with Kariri Beach Residence plans for a volleyball training center of international standard is being planned.
The Breezes do Cumbuco another beautiful apartment complex has just initiated their construction situated in the beginning of Cumbuco.
Investing in Cumbuco is and will be good business as the once small sleeping fishing village is now becoming an attractive tourist destination with a good hotel and apartment structure. There is a wonderful place in Cumbuco called the “Lagoa do Banana” the banana lake. Some houses there have a wonderful view over this calm lake with the mountains in the background. There are still bargains to be made around what I would call one of the most attractive but forgotten regions in Cumbuco. The lake will be situated close to the golf course and it wouldn’t surprise me if this region in the future will be high end luxury property only.
Are you looking to buy property in Brazil and particularly in the state of Ceará you should consider Cumbuco! Conveniently close to Fortaleza offering all the comfort and tropical ambient one would dream of.
Contac us for more information on interesting possibilities and let us know what YOU are looking for.
Kaj Jensen
New Costa Blanca Resort is being launched these days from the same developers constructing the Breezes Cumbuco. Pre-sales has started and apartmens are selling fast. This popular region near the famous Beach Park water amusement park and also close to the Aquiraz Golf Course.
The construction of Cumbuco Breezes has started. The entrepreneurs has set up an administrative building and fencing the whole area. Calculations have been made to see how earth is needed to fill up the area and a well has been drilled for fresh water. We will follow the development and publish news about this construction on our webpage’s. For automatic news please sign up for our newsletter.
Fortaleza Real Estate
www.realestate.fortalezahomes.com
| Finally the long awaited Golf Resort of Vila Galé has started their construction in Cumbuco. |
| The executive Jorge Rebelo de Almeida communicated recently that the construction of the Hotel Vila Galé Cumbuco 33 kilometers from Fortaleza has started. The 5 star resort will occupy an area of 10 hectares and the project is expected to count with the installation of luxurious Spa Satsanga already featured in another of Vila Galé hotels the Vila Galé Marés Resort Spa & Conference Hotel. The project of Vila Galé Cumbuco will also include initially a golf course of 9 holes later to be extended to a full 18 hole golf course on a total of 450 hectares of beautiful coastal land nearby the village of Cumbuco. Fortaleza Real Estate www.realestate.fortalezahomes.com |
Posts
All Comments
