Obelisk International Analyses Investment Potential of Natal, Brazil

Brazil has been creating extensive column inches recently due to its widely regarded status as an emerging real estate market worth watching. Within the country it has been Natal that has been a main focus of this attention and Obelisk International has been investigating why, as part of its standard due diligence into the feasibility of global real estate investment markets.

Natal is the capital of Rio Grande do Norte in the northeast of Brazil, famous for its outstanding natural beauty and the most temperate climate in the country. Indeed it is renowned for having the purest air of the Americas, and the second purest air in the world, second only to Antarctica (source: NASA). The region boasts 400km of beaches, natural reserves, more than 200km of rivers, the second largest urban forest park in Brazil, and vast expanses of sand dunes (Natal is known as the "City of the Dunes", with a 10,000 square metre Parque das Dunas and a famous landmark sand dune, Morro do Careca). All such attractions help to make tourism the most vital industry in Natal.

Travel and tourism in Latin America is expected to generate US$186.4 billion in 2007, growing to a staggering US$304.3 billion by 2017, according to research by the World Travel and Tourism Council (WTTC). Brazil has the second largest tourism economy in Latin America after Mexico, growing at a rate of 7.2% (source: WTTC). While Rio Grande do Norte, and Natal in particular, is now attracting more and more international tourists, it has long been the holiday destination of choice for a large portion of the 186 million Brazilians.

The international tourist trade in Natal is set to be boosted further by the development of more than ten golf courses and the US$1.8 billion worth of investment into hotels and resorts. By 2009, the largest airport in South America, the eighth largest in the world, will be completed in Natal to help cater to the 5 million passengers passing through each year.

The recent surge of quality new construction in Natal is evidence of the rush to satisfy the growing demand from international purchasers, as well as the growing middle class of Brazil looking to move to the highly desirable city. Such demand is helped along by news that the Institute for Applied Economics Research recently reported that Natal is the safest of all Brazil's regional capitals when it comes to personal risk. The infrastructure growth of the city and its region, along with a burgeoning tourism economy thanks to its untouched natural beauty and array of attractions all spell success for the real estate investor. David Martin of Obelisk International states, “As a company we have been aware for some time of the outstanding investment potential that Brazil, and Natal in particular, represents which was why we were keen to be able to present the right investment opportunity in Natal to our clients. The belief in this market was confirmed by the overwhelming response to our recent Natal project, Estrela do Atlântico, which sold out in only 48 hours.”

About Obelisk International
Obelisk International offers investors opportunities for investment in various selected real estate projects from around the world. Their investors are offered involvement in ventures that create unrivalled opportunity, potential and ultimately, return on investment. The service they provide to investors is based upon three key aims: price, profit and performance.
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