It is difficult with the popularity of platforms development southeast Brazil, Sao Paulo and long on Rio de Janeiro focused argue. Because of this popularity, competition in the areas of land and development resources, is hard. Investors and developers who have an interest in Brazil are now in the northern region of the country so far to read unclear.
The North begins to grow
With an economic growth of 7%, the Northeast recently, more than 1,000 local and international investors in the capital of Rio Grande Norte has attracted. A three-day event was organized to attract private capital into Brazil in the commercial real estate industry, especially in the Northeast. With a variety of industries and less competition, began this area’s interest in foreign investment attracting.
Most of the growth rate of 7% is to strengthen initiatives by the government, the tourism in the region. Hundreds of millions of dollars in infrastructure and transport projects have added more support for the industry, creating jobs in the region. have been built a growing number of middle class people living needs, and a number of high-rise residential projects to satisfy this demand. Salamanca, an international developer, with the development of local society Ecocil developing over 25,000 residential units in the northern regions over the next five years. There is also interest in developing hotels in the region, as there are currently 42 000 rooms in the region, but no hotels of international brand. Rumours of interest from the Ritz Carlton have not been confirmed, and the Brazilian Ministry of Tourism says that the agreements were not reached.
Move-malls in the tropical forests
Another development that has gathered momentum in Brazil is the construction of shopping centers in the areas of rain forest. As new projects are currently built in deforested areas for many years before there was little opposition from environmental groups. Currently there are five cities in the Amazon in Brazil with a population of at least 300,000 people. This is seen as a threshold for economic development. It is expected that by the end of next year, four of these five cities have American-style malls.