Brazil property update - 2014 world cup investment - Emerging Real Estate

Brazil property update - 2014 world cup investment

25/08/2011

 Brazil property update – 2014 World Cup Investment

One of our property hotspots is currently Brazil and earlier this month official preparations for the 2014 Brazilian World Cup have begun in Natal, in the north east of the country. The global event promises to be a life changing event for many Brazilians and domestic business. It was at this presentation that the Mayor unveiled plans for further significant investments in the region.

Natal, the fourth Brazilian city to hold the event, will receive a total of R$800 million in public funds plus an unspecified amount of private investment.

Speaking to the many entrepreneurs at the event, the Mayor Micarla de Sousa said that the World Cup is hugely important for Natal, "Natal will never be the same after the World Cup," she told those present.

Part of the government investment in Natal will go towards urban improvements such as street paving, drainage and sanitation. Further funds will be spent on upgrading transport infrastructure such as converting the Natal-Mossoro highway into dual-carriageway. The majority of the government money invested into the region comes from the Growth Acceleration Programme (PAC). It’s this same fund that his financed the incredibly popular and successful Minha Casa Minha Vida campaign.

The new stadium in Natal is the main driver in terms of development in the city. The Arena das Dunas is being built under a public-private partnership - built to seat 42,000 spectators, the stadium will be finished in December 2013 in time to host four or five World Cup matches.

Brazil is more than conscious of the massive opportunities that come from hosting a world class sporting event. Natal's Mayor reported that in Natal alone, the World Cup will create 30,000 new jobs with 15,000 of these in the civil construction sector.

"This is the moment. This is the opportunity," Ms de Sousa explained as she urged local businesses to make the most of all the opportunities available to them. As well as civil construction, other sectors expected to benefit from the World Cup are tourism and services.

We have been offering investment opportunities in Brazilian real estate for some time now and have some new exciting projects starting up soon. For more information on these properties or for a friendly chat on the benefits of investing in Brazilian property, please do not hesitate to contact us.