beachfront apartments brazil

Property reference

COPY OF 3 (09/05/2008 21:47:10)

Property particulars

Asking price of
GBP 40,000

Bedrooms:	1	Tenure:	Freehold
Bathrooms:	1	Property age:	New

Property description

This Brazilian development provides incredible value for money, an all round investment package and is set in a privileged location. Cash buyers may also enjoy a 5% discount for settling payments up front!

* A development phase of only 36 units, of which IPIN has exclusively secured 23 for its members
* The first phase of a grand resort project, meaning the best units are available in the best situation
* Prime beachfront location
* Excellent price per m2 at only approximately 885�
* All units come fully furnished with fitted kitchens
* Only 45 minutes from Fortaleza city and the international airport

With this great value in mind and the relatively limited number of units available, IPIN predicts that this investment will move very quickly.

The Palm Beach development will have 3 phases in total, offering 250 high-quality residences, located on a dream-like tropical white sandy beach.

Phase I consists of 36 two bedroom apartments. Each building will comprise three levels containing 6 units and all are to be the only frontline apartments in the entire completed development.

* 2 communal swimming pools
* Beach bars and restaurants within walking distance
* Local beach offering range of water sports and beach volley ball
* Secure private parking for each unit
* Athletic court to be used for soccer/football, volleyball, etc.

THE SECURITY

Our recommended legal team for this project has carried out an independent 'Due Diligence Report' on this development. They are completely satisfied with the project after carrying out searches on the following;

* The company registration documentation
* Title and ownership
* The Private Purchase Contract
* Planning and administrative permits

The building licenses are due imminently. For this reason the developer has agreed to allow the first contractual payment to be held by the legal firm in escrow, only to be released to the developer upon receipt of the relevant building license. This gives our IPIN members the benefit of added security of their funds.

This region has a warm and dry tropical climate with an average annual temperature of 27C. Fortaleza has over three thousand hours of sun per year (it is sunny 300 days of the year) and has a constant ocean breeze. There is very little variation in the average temperature as Fortaleza lies very near the Equatorial Line.
Why Invest in this Location?
The Country

* Year-round sunshine, with average summer temperatures of 21�C.
* Some areas in the north east of Brazil saw property price returns of 20%+ last year
* Current favourable currency exchange, making it cheap for foreigners to invest
* President Lula has brought great hope and improvements to Brazil
* Inflation at an all-time low
* Foreign investment is actively encouraged and you can own 100% of land and property
* Low cost of living compared to UK/Europe
* Property maintenance costs are low
* Increase of thriving manufacturing industries relocating to Brazil
* Brazil is expected to produce all of its own oil within the next year
* Great natural beauty with fantastic scenery and 7,000km of beaches
* According to Goldman Sachs, Brazil will be amongst the economic leaders of the future, along with Russia, India and China
* Friendly nature of the Brazilian people
* Vibrant cities with carnivals and music

The Region

* Rapid growth in tourism
* Over 300 days of sunshine
* Well connected internationally
* Current property boom
* Low cost of living
* Increased hotel room demand

Every unit will be fully furnished with one parking space per unit.

Fortaleza is now renowned as an international tourist and property investment hotspot, while the eco-friendly nature of the area is of major appeal. Touristic demand for Ceara increased from 773.247 visitors in 1996 to over 1.968.800 in 2005, growing at an average of 8.8% a year.

Infraero, Brazil's public company that manages 97% of the country's airports has seen figures of over 3,031,000 international flight passengers arrive to Fortaleza in November 2007 - up 309,987 the previous year.

Further government expenditure is being devoted to marketing and, within the first quarter of 2008, Ceara is to be represented in no less than five international tourism fairs. This is expected to build further awareness of Ceara as an outstanding place in which to conduct business, visit or live.

Factors such as these prove highly attractive for those looking for the most effective location for their investment, and with the addition of the planned Golf Course and Spa, this demand will continue to grow among investors and tourists alike.

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