Tourism Boom Forecast Following Planning Win in Joao Pessoa
Lengthy negotiations between the Paraba State Government and the MPF, Ministrio Pblico Federal, has resulted in agreement between the parties and permission for the construction of a major conference centre to be located in Cabo Branco, Joo Pessoa's number one residential district and an ideal investment location.
The development will cost in excess of $50 million, with works due to commence at the end of September. The Infrastructure Secretary, Francisco Sarmento, has stated that the State of Paraba has agreed all of the terms required by the MPF and the Federal environmental agency.
The land upon which the convention centre is to be constructed is part of a large master-planned area with proposals for at least six large resort hotel schemes. The land had been the subject of legal arguments for the last 20-years, stopping any development.
But with agreement now reached between State and Federal authorities regarding the protection and re-planting of native vegetation, the safeguarding of the beaches and investment into regularizing the water supplies for the area, planning permissions will soon be approved and development commenced.
This agreement will bring a boom to tourism in Joao Pessoa and will be a landmark development within the North East of Brazil, states Sarmento. The building will help to improve the touristic network we already have in place and will give us increased drawing power in our low-season months he goes on to say. Real estate prices are forecast to increase massively now that this legal impasse has been resolved. The new hotels and resorts will have a knock-on effect throughout the city, which is good news for the canny investors who already have Joao Pessoa on their radar.
The state of Paraba contains one of Brazil's hidden gems. Joo Pessoa is a great investment alternative to Brazils high density, high-rise developments in larger cities. Joo Pessoa is the gateway to Europe and home to the eastern-most point of the Americas, Ponta do Seixas.
It is widely recognized to be Brazils safest city and also its greenest. In fact it is the second-greenest city in the world. It offers an array of high quality restaurants, cheerful bars and a number of shopping malls.
The city has a very rich and varied cultural programme that is actively backed by the local council. The wide range of activities covers just about every area of the arts, from literary gatherings and art exhibitions to large-scale classical and popular music festivals.
Paraba and Joo Pessoa in particular, is experiencing rapid growth within the domestic market due to its economic expansion and migration from the south, and international interest is growing apace. This area offers investors excellent year-round rental prospects due to its 12-month season, as well as a growing stream of international investors and domestic buyers should they wish to sell on their investments. The development of the Conference centre and the proposed hotels and resorts will only increase the investment potential of this great city. - 23167
The development will cost in excess of $50 million, with works due to commence at the end of September. The Infrastructure Secretary, Francisco Sarmento, has stated that the State of Paraba has agreed all of the terms required by the MPF and the Federal environmental agency.
The land upon which the convention centre is to be constructed is part of a large master-planned area with proposals for at least six large resort hotel schemes. The land had been the subject of legal arguments for the last 20-years, stopping any development.
But with agreement now reached between State and Federal authorities regarding the protection and re-planting of native vegetation, the safeguarding of the beaches and investment into regularizing the water supplies for the area, planning permissions will soon be approved and development commenced.
This agreement will bring a boom to tourism in Joao Pessoa and will be a landmark development within the North East of Brazil, states Sarmento. The building will help to improve the touristic network we already have in place and will give us increased drawing power in our low-season months he goes on to say. Real estate prices are forecast to increase massively now that this legal impasse has been resolved. The new hotels and resorts will have a knock-on effect throughout the city, which is good news for the canny investors who already have Joao Pessoa on their radar.
The state of Paraba contains one of Brazil's hidden gems. Joo Pessoa is a great investment alternative to Brazils high density, high-rise developments in larger cities. Joo Pessoa is the gateway to Europe and home to the eastern-most point of the Americas, Ponta do Seixas.
It is widely recognized to be Brazils safest city and also its greenest. In fact it is the second-greenest city in the world. It offers an array of high quality restaurants, cheerful bars and a number of shopping malls.
The city has a very rich and varied cultural programme that is actively backed by the local council. The wide range of activities covers just about every area of the arts, from literary gatherings and art exhibitions to large-scale classical and popular music festivals.
Paraba and Joo Pessoa in particular, is experiencing rapid growth within the domestic market due to its economic expansion and migration from the south, and international interest is growing apace. This area offers investors excellent year-round rental prospects due to its 12-month season, as well as a growing stream of international investors and domestic buyers should they wish to sell on their investments. The development of the Conference centre and the proposed hotels and resorts will only increase the investment potential of this great city. - 23167
About the Author:
Leslie Richards wrote this article and is an investment consultant to Brazil Land Invest. There is a huge demand in Brazil for Affordable Housing and we advise you to visit our site Brazil Land Invest for more information.
posted by X - Men @ 7:51 AM
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