13-06-2008, 01:41 PM
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Premium Agency Member
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Join Date: Jun 2007
Posts: 804
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Quote:
Originally Posted by RalphJ
As I stated in a thread here a couple months ago, the land prices are just now starting to "boom" here in Aracaju. We've heard rumors for months now concerning large developments in the Aruana and Mosqueiro region in Aracaju....these are beachfront neighborhoods. Just this past Monday Norcon, the northeast's 5th largest construction company based in Aracaju, announced publicly in Cinform that they will be building a total of 22,000+ units in 5 different northeastern cities, 1,100 in Maceio, Alagoas, 5,200 in Salvador, Bahia, 8,000 in Maracanau, Ceara, 4,500 in Abreu and Lima, Pernambuco, and 4,848 in Aracaju, Sergipe. The developments in Aracaju are going to be located in Aruana and Mosqueiro and are very close to MJR Developments land where our Rose Garden Projects are located. Speculators from all over Brazil and from Europe have been frequenting Aracaju of late looking to get in on the "bottom floor" so to speak.
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Aracaju isn't the only place with lots of speculators right now. We have been showing a stream of investors from the US and Europe around RN for the last two months and the investors are buying up in a big way. Whilst the euros have always been interested, there suddenly seems to be a surge in interest from US investors in the North East of Brazil. |