 |
||
Bahia Real Estate: property in Salvador, Itacare, Arraial, Trancoso |
||
Property in BahiaSalvador & Linha Verde
|
NewsBrazil real estate news blog |
For more information about investing in Brazil, |
Real estate in Bahia and SalvadorSalvador, with over 2.2 million inhabitants, is the 3d largest metropole of Brazil. Salvador has remained relatively poor; with only 5% of the population in social class A and 12% in B. As a result, the local primary real estate market has been small - with a production of only 1600 housing units in 2004 of which 1000 for class A-B. Yet the state of Bahia, more than any other state in the Nordeste, was the first to realise that it's future lies in the development of tourism, and they have channeled considerable resource to building a world-class infrastructure including a brand new airport and the "Linha Verde" - a 160 km stretch of tollway along the gorgeous Costa dos Coqueiros. As a result, investments have sprung up. Already in operation is mega-resort Costa do Sauipe, spearheaded by 5 star names like Sofitel (with 2 five stars hotels); a Marriott's resort, a Breezes, and a Renaissance. It includes a 27 hole golf course, spa, horseriding and watersports facilities. A few km to the South, spanish group Iberostar has started construction of an other five luxury golf hotels to be built between Costa do Sauipe and Praia do Forte. Praia do Forte has been a well-know holiday destination for 15 years, and the addition of the Praia do Forte Eco-Resort by German Peter Kraus has given it a new impulse. Next to it, in Imbassai, Portuguese group Reta Atlantico are building the Reserva Imbassai resort. All these investments have put Salvador definitely on the map as a top tourism destination; and the area has been named as the new Cancun. Prices have risen rapidly over the past 4 years but are still a lot cheaper than the South of Brazil - and definitely still very cheap by Western standards - generally about one third of the price of comparable European real estate. The area is also benefiting from other major investments, like the Ford plant near Salvador, which creates additional infrastructure and a higher level of services. The coastal area is beautiful, not only because of it's exotic vegetation and fauna - but also because of the combination of beaches, and many rivers that create beautiful lakes and estuaries only separated from the sea by spectacular snowwhite dunes. As a result, it is extremely interesting for real estate development; as not only the front line beach but the whole area lying behind it is of exceptional beauty creating gorgeous views (and value) for the homes being built. In the South of Bahia are further areas of strong touristical interest. Near the airport of Ilheus, Itacaré with its elite hideaways like WaraPuru, Villas de São José and Txai; and the peninsula of Marau (Barra Grande, Taipus de Fora) are an ecological paradise. Near the airport of Porto Seguro, served by many international charter flights; are the posh holiday towns of Arraial d'Ajuda and Trancoso, small upmarket villages with recent developments like Club Mediterranée and TerraVista golf resort; and Outeiro das Brisas which even has its own polo fields. Discover more: real estate - land - beaches - map
|
Itacaré
Salvador
Trancoso
Pelourinho
Arraial d'Ajuda
Taipus de Fora
|
|
Taipus de Fora |
More on Bahia links boutique hotels in Bahia
|
|
For more information about investing in Brazil, |
||
