Top 5 Undervalued Latin American Cities for High-Yield Airbnb Rentals

05/05/2025

International Outlook

Latin America has rapidly emerged as a hotspot for savvy real estate investors seeking high-yield Airbnb rentals. In a post-pandemic travel boom, the region’s vacation rental market is surging – Brazil nearly doubled its Airbnb bookings compared to pre-pandemic levels, and Latin America as a whole is experiencing robust growth (source: Rio Times). This momentum isn’t surprising. The area offers a perfect storm of investment drivers: booming tourism, a growing digital nomad culture, relatively low property acquisition costs, and a favorable operating environment. In fact, Latin American markets often deliver stronger net income margins than their North American or European counterparts, thanks to lower labor and maintenance costs and generally friendlier tax regimes (source: Global Property Guide). For seasoned investors and real estate executives, the message is clear: some of the world’s most undervalued cities for short-term rentals are right here in Latin America, blending strong cash-flow potential with long-term growth prospects.

Why Latin America for High‑Yield Airbnb Investments

The fundamental appeal of Latin America’s rental markets comes down to upside and accessibility. Tourism across the region is expanding year over year – for example, Mexico welcomed over 45 million international visitors in 2024, a new record, indicating a robust recovery in travel demand. As more travelers flock to the sun-soaked beaches, colonial cities, and natural wonders of Latin America, many prefer the space and authenticity of Airbnb accommodations over traditional hotels. Major destinations like Rio de Janeiro and Buenos Aires now each host over 25,000 Airbnb listings (source: LinkedIn (Airbtics)), and yet traveler demand continues to outpace supply in key areas. Investors often ask whether Airbnb is profitable in Latin America; the answer is a resounding yes when properties are purchased wisely. Healthy occupancy rates and solid daily rents, combined with the region’s lower operating costs, translate to attractive cap rates and cash-on-cash returns. Unlike in many U.S. or European cities, there’s less red tape in most Latin American locales – fewer strict short-term rental bans and often a warm welcome for foreign capital. The result is an environment where well-run rental properties can achieve double-digit annual yield percentages in many markets, especially when tapping into the region’s growing tourism dollars and the rise of remote work travelers.

Another key driver is diversification and value. From a portfolio strategy perspective, Latin American real estate provides geographic diversification for investors primarily exposed to North America, Europe, or Asia. Many properties in this region remain undervalued on a global scale – meaning investors can acquire luxury condos or historic homes at a fraction of the price of similar assets in the U.S. or Europe. Yet these assets can generate competitive rental income thanks to steady tourist inflows. Currencies in some countries (such as Argentina’s peso or Colombia’s peso) have depreciated significantly, effectively giving dollar or euro investors increased buying power and the chance to buy low. Of course, currency fluctuations are a double-edged sword, but for a well-informed investor, they can present an entry point into otherwise first-class locations. Latin America’s long-standing appeal to American and European travelers, combined with improving economic stability in several countries, creates a scenario where demand is high but property values are still catching up. This gap is precisely where opportunity lies.

Key Considerations: Regulations, Risk and Due Diligence

Investing in overseas real estate always requires thorough due diligence, and Latin America is no exception. While the general climate is pro-investment, each country – and city – has its own regulatory nuances for short-term rentals. In most of the region, Airbnb and other vacation rentals are perfectly legal, but smart investors take time to verify local rules. Some large cities have begun introducing light regulations: for instance, Mexico City now requires hosts to register and pay a small lodging tax (Airbnb even partnered with authorities to streamline this). Colombia technically mandates that hosts register with the National Tourism Registry and obtain a permit for rentals under 30 days (source: Holland & Knight); in practice, this means responsible investors should budget time to set up the required license, which isn’t overly burdensome. Overall, Latin American governments have been far less restrictive on short-term rentals than many European cities or U.S. metro areas – there’s a recognition that platforms like Airbnb bring in tourists and revenue. Nevertheless, it’s crucial to confirm current rules in your target city. Engage a local attorney or consultant to ensure compliance with any tourism taxes, condominium bylaws, or permit requirements. Being on the right side of the law not only protects your investment but also enhances your property’s reputation among guests.

Beyond regulations, consider the broader risk landscape and perform the same level of due diligence you would for any acquisition. Political and economic stability varies across the region. For example, investors in Argentina’s rental market can capitalize on rock-bottom real estate prices due to currency devaluation, but they must also account for the potential of capital controls or shifting tax policies. It’s wise to have an exit strategy and understand how you can repatriate funds if needed. Title security is another consideration – always use reputable local attorneys to verify title and ensure the property can be legally owned by a foreigner. (Notably, most Latin American countries allow 100% foreign ownership of real estate; Mexico is a special case where foreign buyers in coastal zones use a bank trust mechanism known as a fideicomiso – a standard process familiar to any local real estate firm.) Conduct thorough inspections of the property and infrastructure, especially in markets prone to climate risks like hurricanes or earthquakes. And since you likely won’t be on the ground full-time, line up a trustworthy property management solution. The good news is that across popular Latin American cities, a mature ecosystem of property managers, cleaning services, and maintenance crews has developed to service the growing short-term rental industry. In short, do your homework up front – legal, financial, and physical – so you can operate with confidence once you dive into these markets.

Now, let’s explore five of the most compelling undervalued Latin American cities for Airbnb investments. These selections are based on qualitative factors like tourism growth, market undervaluation, and investor-friendly environments. They span different countries and offer a mix of beach, urban, and cultural destinations. Each of these cities flies somewhat under the radar compared to the regional “mega markets,” yet each has strong fundamentals that can translate into high rental yields. From regulatory ease to year-round occupancy drivers, these locations check the right boxes for a strategic investor.

Los Cabos, Mexico – Luxury Beach Growth Market

Overview: At the tip of Mexico’s Baja Peninsula, Los Cabos (encompassing the twin resort towns of Cabo San Lucas and San José del Cabo) has evolved into a luxury tourism powerhouse. What’s remarkable is that despite its upscale reputation and surging visitor numbers, Los Cabos still offers value for real estate investors relative to other premium coastal markets. Tourist arrivals have been climbing steadily – roughly 2.8 million people visited in 2021, rising to 3.3 million in 2022, and a record 3.86 million in 2023 (source: Mexico News Daily). This boom shows no signs of slowing: the Los Cabos Tourism Board anticipates continued growth as new flights and high-end developments come online. For Airbnb investors, the allure is twofold: high nightly rates driven by affluent travelers, and occupancy levels buoyed by Los Cabos’ year-round sunshine and appeal.

High Demand, High Returns: Los Cabos consistently enjoys hotel occupancy around 70–76% even at premium room rates (source: Mexico News Daily), indicating a robust year-round tourism cycle. Vacation rentals here can command top dollar, especially for well-appointed condos and villas with ocean views. Many U.S. travelers view Cabo as a convenient “tropical escape” with short direct flights, ensuring a steady flow of guests even outside of peak season.
Undervalued Upscale Properties: Compared to similar luxury destinations in the U.S. (think Hawaii or Miami), Los Cabos real estate can be acquired at a relative discount. While not “cheap,” you’re buying into a world-class resort market that still has growth runway. New developments are adding modern condos and residences that cater to the tastes of international visitors, often at prices significantly lower than in domestic resort towns. This gap means strong appreciation potential in addition to rental income.
Investor-Friendly Environment: Mexico actively encourages foreign investment in tourist areas, and the transaction process is well-established. In Los Cabos, many developments are tailored to foreign buyers, and property management services are abundant. Short-term rentals are legal and common; Airbnb even collects lodging taxes on behalf of hosts in many Mexican states. The main regulatory consideration is the fideicomiso trust for properties near the coast – a standard step that grants foreigners all the rights of ownership. There are no draconian Airbnb restrictions here to worry about. If anything, local businesses and officials recognize that platforms like Airbnb help accommodate the swelling tourist numbers.
What to Watch: As an investor, keep an eye on overdevelopment in certain pockets and ensure your property stands out. Some parts of Cabo San Lucas are densely packed with condos, meaning savvy marketing and unique amenities (a pool, concierge service, etc.) will help maximize occupancy. Also, factor in hurricane preparedness – properties built to robust standards with proper insurance are a must in this hurricane-prone region. Finally, understand that Cabo’s popularity will attract competition; the key is to leverage its unbeatable combination of climate, safety, and luxury reputation to position your rental at the top of the market.

Santo Domingo, Dominican Republic – Culture Meets Opportunity

Overview: Often overshadowed by the Dominican Republic’s resort hubs like Punta Cana, the capital city of Santo Domingo is an undervalued gem for Airbnb investors. This vibrant metropolis – the oldest European city in the Americas – blends rich history with modern urban living. Tourists come to stroll the cobblestone streets of the Colonial Zone (a UNESCO World Heritage site), experience a lively food and music scene, and conduct business in this commercial hub. Santo Domingo has quietly become one of the top Airbnb destinations in Latin America for U.S. travelers (source: Travel Noire), a sign of its rising international appeal. Yet property prices, especially in emerging neighborhoods, remain far lower than in Caribbean resort towns. The city’s rental demand is fueled not just by vacationers but also by a constant influx of diaspora visitors, regional business travelers, and long-term expats – providing multiple streams of potential tenants.

Strong Tourism Growth: The Dominican Republic has shattered tourism records in recent years, and Santo Domingo benefits from this trend. While beach resorts draw sun-seekers, a significant portion of travelers also want to explore the capital’s culture and nightlife for a few days. The city’s cruise port and international airport bring millions of visitors, many of whom seek short-term rentals in authentic neighborhoods. Santo Domingo now regularly ranks among the top city destinations in the Caribbean for Airbnb bookings, indicating solid occupancy potential for hosts.
Year-Round, Diversified Demand: Unlike purely seasonal beach destinations, Santo Domingo sees fairly steady demand throughout the year. Government and corporate travelers fill the weekdays, while leisure tourists and returning Dominicans boost demand on weekends and holidays. This diversified guest pool means you can maintain bookings even in off-peak tourist months. The city’s status as an educational and medical hub in the region also generates extended stays (for example, families visiting students or patients), a niche that savvy Airbnb hosts can tap into.
Historic Charm and Revitalization: One of the unique advantages here is the ability to own a piece of history. Beautiful colonial-era buildings, some 500 years old, line the streets of the Zona Colonial. Many have been renovated into boutique hotels or high-end apartments. Investors can find reasonably priced units or buildings in and around this district that, once updated with modern interiors, attract guests seeking an immersive stay with Old World ambiance. Additionally, Santo Domingo’s city center has been undergoing revitalization – improved infrastructure, new restaurants, and cleaned-up public spaces are making central neighborhoods more attractive to visitors (and thus renters).
Light Touch Regulations: The Dominican government actively promotes tourism and has not imposed stringent short-term rental regulations. Owning property is straightforward for foreigners, with no special restrictions. Taxes are relatively low (there’s no capital gains tax on property sales after a certain holding period, and property taxes are modest). As a host, you’ll mainly need to follow common-sense practices and ensure your property meets safety standards. Because many condos and residences in Santo Domingo are in secure buildings with 24-hour guards, both hosts and guests enjoy a sense of safety and comfort. One consideration: some high-end apartment buildings may have HOA rules against short-term subletting, so always confirm a property’s rental policy before buying. Overall, the playing field is very hospitable for Airbnb entrepreneurs here.
What to Watch: Neighborhood selection is crucial. The Colonial Zone and adjacent Gazcue area are tourist favorites, but also look at Piantini and Naco for upscale business traveler appeal (these are the city’s modern districts with malls and fine dining). Traffic in Santo Domingo can be intense, so properties in central, walkable areas hold extra appeal. Lastly, while the city is generally safe, some blocks can be less so – investors should spend time on the ground (or work with knowledgeable local brokers) to ensure they pick locations that international guests will feel comfortable in. With the right pick, Santo Domingo can deliver an excellent mix of high occupancy and solid nightly rates, all built on a foundation of rising demand and comparatively low entry costs.

Medellín, Colombia – Digital Nomad Hotspot

Overview: Medellín has undergone a world-famous transformation – from a troubled past to a present as one of Latin America’s most progressive, innovative cities. Set in a valley with eternal spring weather, Medellín today is a magnet for tourists and especially digital nomads who may stay for weeks or months at a time. For Airbnb investors, Medellín offers an enticing combination: modern high-rise apartments with mountain views can be bought at prices far below those in North America, yet the city’s popularity means they can achieve high occupancy and strong rental yields. In fact, Medellín boasts one of the highest adoption rates of Airbnb in the region: roughly 15% of all visitors use Airbnb for accommodations (source: LinkedIn (Airbtics)), reflecting how ingrained short-term rentals have become in the local hospitality scene. Furthermore, approximately 8,300 digital nomads now arrive in Medellín each month (source: Medellín Guru), drawn by the lifestyle and affordability – a steady customer base looking for longer-term Airbnb stays. All this in a city that is still growing its international tourism profile, which means investors buying in now have plenty of upside as more travelers discover “The City of Eternal Spring.”

Year-Round Occupancy Drivers: Medellín isn’t just a winter escape or a summer vacation spot – it attracts visitors 12 months of the year. The pleasant climate (mid-70s °F year-round) and calendar of festivals (like the famous Flower Festival in August) ensure a constant stream of tourists. Importantly, the rise of remote work has made Medellín a top choice for digital nomads and expat entrepreneurs who may rent for several months at a time. These longer stays can significantly boost your average occupancy and reduce turnover costs. Many Airbnb hosts in Medellín report that a good portion of their bookings are 4-8 week stays from remote workers sampling the city’s lifestyle.
Undervalued Real Estate: Despite its popularity, Medellín’s property prices remain remarkably accessible. The city is often cited as one of the most affordable major metro areas in Latin America. As an investor, you can acquire a modern, upscale two-bedroom condo in a prime neighborhood for a fraction of what a comparable unit would cost in, say, Miami or Los Angeles. Yet the rental income the Medellín unit can generate – especially when catering to foreign visitors paying in dollars – is competitive. This disparity creates an excellent ROI scenario. Additionally, Colombia’s currency has been relatively weak in recent years; foreign buyers purchasing with U.S. dollars find their money goes a long way. You are essentially buying low in a city with a rising global profile.
Tourism and Infrastructure on the Rise: Colombia’s government has heavily invested in Medellín’s security and infrastructure, and it shows. The city’s public transport (including a clean, efficient metro and new cable cars up the mountains) is a model for the region. There are more direct flights now from the U.S. and Europe to Medellín’s international airport, making access easier. Tourist arrivals have been climbing, and Medellín is now often included in “South America highlights” itineraries, whereas a decade ago it was bypassed. The city has also been promoting itself as a hub for international events and conferences. All these trends indicate a positive trajectory for demand. Notably, Colombia overall saw nearly 20% growth in short-term rental revenue in 2023 (source: Everyplace), and Medellín is a big part of that story.
Regulations and Ease of Business: Colombia allows foreigners to own property outright and has even introduced a digital nomad visa to encourage longer stays. Running an Airbnb in Medellín is straightforward, with one caveat: as mentioned earlier, Colombia requires hosts to register rentals under 30 days with the Tourism Ministry. In practical terms, many hosts in Medellín do comply by obtaining a simple license (and paying a small fee/tax), after which they operate without issue. There isn’t a hostile stance toward short-term rentals – on the contrary, the city tacitly welcomes the economic boost from nomads and tourists. From a business perspective, you’ll find plenty of local co-hosts and property management firms that specialize in serving foreign Airbnb owners, which can be a huge asset if you’re managing remotely.
What to Watch: Neighborhood choice is paramount in Medellín. Most tourists and expats gravitate to El Poblado – a hillside district packed with restaurants, co-working spaces, and nightlife – or Laureles, a leafy, authentic area with a slower pace. These areas yield the best rental returns and attract quality guests, so they’re ideal for investment. Properties outside the main zones can still do well (and may be cheaper) but could face softer demand. Also, consider the type of property: modern high-rise buildings with 24-hour security, pools, and gyms are highly sought by visitors and typically get better reviews. Lastly, stay mindful of Colombia’s economic oscillations; inflation and exchange rates can fluctuate, which might impact your operating costs or the value of your rental income when converted to your home currency. Overall, however, Medellín’s trend line is one of increasing international appeal, and investors who enter while it’s still “undervalued” stand to reap excellent rewards.

Arequipa, Peru – Colonial Charm on the Rise

Overview: Peru’s well-trodden tourist path usually leads to Machu Picchu via Lima and Cusco, but savvy investors are looking a bit further south to Arequipa. Nicknamed the “White City” for its unique white volcanic stone architecture, Arequipa is Peru’s second-largest city and a burgeoning travel destination in its own right. This colonial city offers a stunning backdrop of three volcanoes, a famed historic center (a UNESCO World Heritage site), and a pleasant climate nearly year-round. Tourism in Arequipa has been on an upswing as global travelers seek out authentic, less-crowded alternatives – social media exposure by travel influencers has helped put Arequipa on the map (source: Remitly Blog). In fact, even Peruvians themselves flock here: at one point, Arequipa attracted more domestic tourists from Lima than any other city in the country (source: Remitly Blog). From an Airbnb investment perspective, Arequipa combines very low real estate costs (arguably some of the most affordable per square foot among major Latin American cities) with increasing tourism income potential. It’s the kind of under-the-radar market where an early investment could see significant appreciation as the world catches on.

Undervalued Entry Point: Arequipa remains incredibly affordable. You can still find historic colonial homes or modern apartments at prices that seem like a bargain compared to popular destinations. This low entry cost means even moderate rental income can translate into high percentage returns. Because many international investors haven’t yet targeted Arequipa en masse, competition for prime properties is low and deals are there to be had. It’s a classic case of an undervalued market poised for discovery. As Peru’s economy grows and infrastructure improves (new highways, potential expansion of the local airport), Arequipa’s real estate values are likely to climb.
Culture and Attractions = Steady Tourism: Arequipa offers a rich array of attractions that encourage tourists to stay for several days. The city’s central plaza and 17th-century churches, the Santa Catalina Monastery (a city within a city of vividly painted cloisters), and the museum housing the famous frozen Inca mummy “Juanita” are all big draws. Beyond city limits, the Colca Canyon – one of the world’s deepest canyons – is a major excursion that starts from Arequipa. This means the city benefits as a base for adventure tourism as well. Visitors who come are often pleasantly surprised and spread the word, bringing in more travelers. As an Airbnb host, you can capitalize on this by providing guidebooks or partnering with local tour operators. Importantly, Arequipa’s tourism isn’t as seasonal as one might think: while it sees peaks in the dry winter months, its relatively mild weather (and status as a regional business hub) ensures traffic year-round.
Appeal to Long-Term Guests: Arequipa has a sizable expat community and is known to attract Spanish-language students, volunteering programs, and remote workers looking for an affordable, authentic Latin American city to settle in for a while. The cost of living is very low (a family can live on perhaps $1,500 a month comfortably, per some estimates (source: Remitly Blog)), which draws budget-conscious foreigners for extended stays. An Airbnb catering to these longer-term visitors – with a fully equipped kitchen, strong Wi-Fi, and maybe a dedicated workspace – could maintain high occupancy with month-to-month renters. Think of Arequipa as not just a two-night stop, but as a potential one- or two-month home base for certain travelers. That flexibility broadens your target market beyond just short-stay tourists.
Investor Tips and Outlook: When investing in Arequipa, location is key. The picturesque historic center is the prime area for short-term rentals, as visitors love being within walking distance of the main square and attractions. Neighborhoods like Yanahuara and Cayma, just outside the core, are also popular – they offer great views and a quieter residential feel while still close to the action. Property in these areas can be a mix of colonial homes and newer condos. Be mindful of preserving any historic property’s charm if you renovate – the unique architecture is part of the draw. On the regulatory side, Peru does not have specific restrictions on short-term rentals; you operate as you would with any rental property. Foreigners can buy property freely in Peru (with only minor restrictions near international borders, which don’t impact Arequipa). The main considerations will be practical: ensuring you have a good property manager on call, as you’ll likely be an absentee owner at times. Fortunately, Arequipa’s growing popularity means services catering to tourists and expats (cleaning, maintenance, guest check-in assistance) are increasingly available. In summary, Arequipa offers a chance to get in early on a market with significant upside. The city’s profile is rising, and those investors who appreciate its potential now could see both excellent rental yields and strong property value growth in the years ahead.

Fortaleza, Brazil – Emerging Beach City Boom

Overview: Brazil’s northeastern coastline is famous for postcard beaches and vibrant culture, and Fortaleza is its booming metropolitan centerpiece. As one of Brazil’s largest cities (population ~2.7 million), Fortaleza offers an intriguing blend of city infrastructure and beach vacation appeal. It has long been a beloved destination for domestic Brazilian tourists, and thanks to events like the 2014 World Cup (which put the city on many travelers’ radar), international tourism has picked up sharply. In April 2022, Ceará – the state Fortaleza calls home – recorded a staggering 135% year-over-year increase in tourism, the highest in Brazil (source: Remitly Blog). These figures underscore that Fortaleza’s moment is arriving. For Airbnb investors, Fortaleza presents the chance to buy into a seafront city with growing global attention, all at prices that are significantly lower than Rio de Janeiro or São Paulo. Yields can be compelling: the combination of affordable acquisition, Brazil’s relatively low operating costs, and strong visitor demand (especially in high season) means well-located properties can generate excellent returns. With miles of urban beaches, from the bustling Praia de Iracema to the dune-backed Praia do Futuro, Fortaleza has the natural assets to keep drawing guests – and the city’s improving fortunes suggest it’s poised for an investment boom.

Beachfront Appeal and Urban Amenities: What makes Fortaleza stand out is that it offers both resort-style beach living and the amenities of a big city. Visitors can enjoy daytime sun and surf and then partake in dining, shopping, and entertainment at night. This dynamic drives occupancy for rentals in beachside neighborhoods. Properties with ocean views or within a quick walk to the beach (Meireles, Mucuripe, Iracema areas) are particularly popular on Airbnb. Many Brazilian families and foreign travelers alike opt for Airbnb apartments in Fortaleza to have more space and kitchen facilities during their beach vacations. With warm weather practically year-round, the rental season never truly ends – it merely peaks from December to Carnival (February/March) and during July holidays. The city also hosts events like music festivals and Ceará’s famous June cultural celebrations, drawing additional crowds.
Growth Trajectory and Infrastructure: Fortaleza has been benefiting from Brazil’s broader economic stabilization in recent years. The city’s infrastructure has improved – the international airport was expanded and modernized, and there are more direct flights coming in from Europe (for instance, flights from Lisbon and other hubs bring sun-seekers straight to Fortaleza). There’s also investment in the tourism sector: new hotels, a revitalized waterfront promenade, and better transit are enhancing the visitor experience. The local government actively promotes Fortaleza as a gateway to Brazil’s northeast, which bodes well for sustained tourism growth. This growth is starting from a lower international base than, say, Rio, so there is plenty of headroom. Early investors can ride this upward trend as more travelers discover Fortaleza and demand for accommodations rises accordingly.
Real Estate Value Proposition: From an investor’s perspective, Fortaleza real estate can be very attractive financially. Beach-area apartment prices, while climbing, are often a fraction of those in Rio’s famous Copacabana or Ipanema districts. For example, a modern condo with a sea view in Fortaleza might cost a small percentage of an equivalent unit in Miami Beach. This means entry costs are low relative to the income potential from short-term rents. Brazil’s currency (the real) has also seen periods of weakness, which can make buying at the right time extremely advantageous for foreign investors with stronger currencies. Additionally, property taxes and carrying costs in Brazil are quite low; the Global Property Guide notes that Latin American markets like Brazil benefit from cheaper maintenance and less punitive taxes on rentals (source: Global Property Guide), enhancing net yields. With Fortaleza specifically, you’re targeting a locale that locals love – domestic tourism is very strong – and international tourism is a growth market, giving you a broad base of potential renters.
Regulatory and Practical Considerations: Brazil does not have federal restrictions on short-term rentals; regulations, if any, are typically local. Fortaleza has not implemented the kind of strict Airbnb limits that some European cities have. Owning property as a foreigner in Brazil is straightforward (with the exception of some rural land or border areas, not relevant here). Do note that transactions will be in Portuguese and you should hire a local lawyer to navigate the process and verify title. It’s also wise to have a local accountant handle any rental income tax filings, as Brazil does tax rental income (with generally reasonable rates and possible deductions for expenses). In terms of managing an Airbnb, you’ll find a number of property managers and cleaning services in Fortaleza due to the volume of vacation properties. Many cater to international owners and can handle guest communication in English and other languages, which is a plus.
What to Watch: Pay attention to the micro-location of any property. Fortaleza’s beachfront is lengthy – properties in Meireles/Mucuripe (near the famed Beira Mar Avenue) will cater to a different crowd (more families, upscale travelers) compared to properties in the Praia de Iracema area (younger tourists, nightlife-seekers). Both can be profitable, but have different pricing and occupancy patterns. Security is a consideration: like any big city, Fortaleza has areas that are less safe. However, the main tourist zones are well-patrolled and most quality condo buildings have doormen and gated access. Providing guests with guidance on safe areas and local tips will go a long way to ensuring positive reviews. Lastly, be mindful of currency exchange swings. If the Brazilian real strengthens significantly after you purchase, it could affect the relative value of your rental income when converted back to your home currency. That said, such shifts also mean your property asset value is likely climbing. Overall, Fortaleza offers an excellent case of a high-growth, high-yield market that’s still early on the international stage – a classic undervalued opportunity for those willing to venture beyond the most obvious destinations.