Over the last decade there has been a massive change in the Brazilian economic atmosphere. With a host of reforms and policies bringing about massive reforms, local industry has boomed, bringing in local and foreign investment on a large scale. For Natal, these winds of change have been exceptionally kind, especially when it comes to property rates for the middle-class community.
The improvement of the industrial and business landscape has meant that more businesses have succeeded while a lot more people are making a lot more money than before. This has given their middle class a massive boost, both in population and buying power. The population of those below the poverty-line has dropped drastically while the property values have been rising steadily.
There are plenty of housing projects coming along, such as the Golden Fields Natal or the Minha Casa, Minha Vida projects, trying to match the ever-increasing demands for quality housing. Natal also faces a widening gap in the population demography. The population is steadily aging while the birth-rate isn’t anywhere near what it should be. As a result, a generation is almost missing from the population.
This fact is being compensated by those moving into this fantastic city to take advantage of these property-buying opportunities as well as the flourishing industry and tourist-trade in Natal. This influx is not just limited to Brazilians because plenty of North Americans and Europeans are looking to reach the “Promised Land” before the party is over.
For foreign investors, the iron is red-hot at the moment. With just enough time for projects to reach their completion before the oncoming 2014 FIFA World Cup, Natal is becoming the hottest destination on the global property market. Investors are diving into Natal’s consistent growth, trying to find ways to capitalize on the current progress. Right now, the scenario is still quite skewed, with a majority of the investment coming from Brazilian investors from the south.
However, with everything, from high-end luxury property as well as low-income housing, up for grabs, people are not just coming in with a second-home in sight, they are also looking at opportunities to invest capital in one of the fastest growing real estate markets in the world.
Natal is reaping the fruit of the investment made into its local infrastructure. Investors are almost coming by the truckloads to grab their handfuls in this massive gold-rush. Housing projects, investors and prospering businesses fill its economy; and Natal becomes a reflection of the modern-day booming Brazil!