Natal’s Prospects Heightened by 2014 World Cup

The investment prospect for Natal has increased further after news of the 2014 Brazilian World Cup.

The city of Natal has been provisional picked as one of the key sites for the 2014 World Cup. Preliminary reports state that Natal is also expected gain from the development of a brand new stadium.

James Gonzalez, Market Analyst at Obelisk comments, “The outlook for Brazil’s property market has been very buoyant for some time now. This news regarding the World Cup will only heighten international interest from all kinds of investors with many areas already seeing a price per square meter increase by US$150.”

Eighteen stadiums are designated potential World Cup sites, which are expected to be whittled down to a final list of ten. These final choices are to be either redesigned or built from scratch. The chosen areas will also receive further cash injections into local airports and transportation to accommodate the major influx of visitors to the country.

However, the World Cup will not be the only visitor generator due to ten new golf courses planned with over US$1.8 billion worth of investment for new hotels and resorts. In preparation, Natal’s redeveloped airport will be complete by 2009 and ready to receive 5 million passengers, making it the largest airport in South America.

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