Quote:
Originally Posted by Golfingworld
If anyone wants fotos they can message me. My pousada was right on the main street prime location, by the bridge down to the beach. The other pousadas were on the main street or down on the beach..oddly I don't collect hotel names just to substantiate my comments on here. You can currently buy a 2 bed 55 sq metre 2 bed flat 90% complete,15 mins from the beach in Ponta Negra, 10 mins from bars and discos, fully secured with porter, garage, pool, european fittings for £45k or €66k available from Feb 08. Ponta Negra is highly rentable, 20 mins from airport (£15) prime location. Can email fotos of these too if you like. Can also email airtickets, copies of rent a car receipts and hotel bills..still doubting me? Yes Pipa is nice, you feel in Europe not Brazil but it is everything I said, European prices, as pointed out by you above with your prices. Transfers to Pipa are also expensive and tiring. My whole point is that prices quoted by some are ridiculous if one is prepared to do some ground work for oneself. From my research, all the European offered off-plan developments are 15/25% more expensive than the man who goes it alone and to my mind that premium will not be recovered for at least 7 years. Yes prices were lower 3 years ago all round but that is primarily before European Developers and Agents started deliberately over-cooking the prices with false demand. Anyone who has done real research will realise that there wasn't anyone in Brazil that didn't want to sell me a house or a flat once the word got around. My advice to anyone would be to find a local Brazilian and search independently with them as it is amazing the differential in prices....want a name...can email that as well if you like? So my friend, yes I have been there...3rd visit in 8 months and I more or less speak the lingo and have a Brazilian partner who translates the rest...so all angles have been covered.
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GW,
Life is too short, plus we are too busy selling properties, must be all the false demand for them
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But I will leave you with this:
You say in your opinion the so-called premium (which we don't have and will vehemently argue against if we see it) of 15/25% will take 7 years to recover.
Lets assume that the premium is like you say 25%, divide that by 7 and that means you only expect to earn 3.57% on your investment per year. (for any accountants out there, I know this is not exactly correct because of compounding, the real figure is around 3.3%, but for the sake of argument doesn't really matter)
Currently the inflation rate in Brazil is 4%, and if it stays the same you will lose 0.47% each and every year on the value of your property in real terms if you didn't pay the premium.
Sorry but I can't see how YOU could possibly even consider investing in anything in Brazil, whether off-plan or resale. If you believe what you are saying, then put your money in the bank.