The property market in north-east Brazil is booming, with one estate agent noting that developers are struggling to keep up with the level of interest from buyers.

Samantha Gore, sales manager for real estate firm UV10, explained there are many demographics looking for homes in this part of the country.

She said that Brazilians from cooler states are considering moving to Natal, in the north-east of the country, for their retirement due to the warm, sunny weather, while locals with enough money are seeking a way into the rental market.

There is also a growing number of workers in the area who are "keen to get a foot on the property ladder", Ms Gore observed.

"Add international investors ahead of the 2014 World Cup - Natal is a host city - and you have just some of the reasons why this is such a buoyant property market," she concluded.

Earlier this month, Ms Gore highlighted another area where Brazil's real estate sector is thriving - Florianopolis in the country's southern state of Santa Catarina.

She revealed that house price growth of up to ten per cent per year is not unlikely in the region.

source: http://www.propertyshowrooms.com/brazil/property/news/strong-demand-for-property-north-east-brazil_312457.html

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