Despite the fact that it holds city status, Natal is considered to be very idyllic and Brazil property investors have certainly taken notice of rising tourist numbers.
(PRWEB) October 20, 2012
The fundamental factor behind increased development in Natal is that is has been selected as one of the host cities for the 2014 FIFA World Cup. This in itself has caught the attention of many investors, particularly those interested in making an investment into the Brazil Real Estate Market.
Both private and commercial property in Natal has been snapped up by a number of domestic and foreign investors as the city becomes an ever more popular tourist destination. Investors have identified the city as an ideal location for a return on investments, particularly in the land and property sectors.
Natal is the capital of the North-eastern state of Rio Grande Norte and is currently undergoing some radical changes in terms of infrastructure. One of the most noticeable developments currently taking place is the construction of the Arena das Dunas football stadium, which is being built in preparation for the World Cup in 2014.
The stadium is being built on the site of the old Machadão arena and the area surrounding the complex has proven to be of particular interest to Brazil property investors as they anticipate an influx of tourists. With tourists comes the demand for accommodation, so investors are looking at opportunities to secure private and commercial property in order to capitalise on potential profits.
Work on the stadium began back in January 2011 and is set to cost R$417 million, with a completion date set for December 2013. The stadium is set to hold 43,000 people, but the design will allow for 10,000 seats to be removed.
Aside from the attraction of football, Natal also has much to offer for standard holiday makers and in 2011 alone more than two million people visited the city and this is expected to increase significantly to three million by 2014.
Waseem Saddique asserts: “Despite the fact that it holds city status, Natal is considered to be very idyllic and Brazil property investors have certainly taken notice of rising tourist numbers.”
As well as the development of the new football stadium, Natal’s airport has also undergone major changes in order to welcome the expected flurry of tourists. The development of Aeroporto de São Gonçalo do Amarante is pivotal to the city as it will need to be of a standard capable of coping with the number of people arriving in Brazil over the next four years at least.
Waseem Saddique comments: “Transport links are something that investors identify with when it comes to investment opportunities. Properties and land located close to efficient transport facilities are attractive to buyers; therefore the makeover taking place at Natal’s major airport will be most welcome.”
With demand for housing and land plots increasing all the time in Natal, the need for development has become paramount in order to satisfy the rising stature of the city. Over the next four years at least, Natal will be a city that remains under the watchful eyes of those looking to make an investment into the Brazilian Real Estate Market.