Quote:
Originally Posted by Golfingworld
I am speaking about the actual price people get when they sell and not the perceived asking price. There seems no doubt the the US market is dropping, certainly the UK market is stagnant....the "Costas" nobody can sell anything I just don't beleive anyone who tells me otherwise....Europe in general, guessing....its a discussion point overall and in relation to Brazil and I just want to hear how the assumptions that (real) prices will increase. I bought recently and straight away got 20% off the asking price and there are now only 3 of 10 units left. A paradox, units selling fast but prices dropping...how does supply and demand explain that and how therefore can value appreciation be justified?
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GW, in my experience here in Brazil, unfortunately for we gringo's, the property we're sold is normally sold for a price well above current market value for that area. Another reason why people need to do their own due diligence and find local people they can
trust....it's not easy.
The project I am developing at the moment, 3 beachfront condominiums, are being sold for exactly what their current market values are here in Brazil. Another condominium right down the street which is being built by the ex-governors son, and have sold 95% of their units in the first 4 months of sales, have identical sized lots, building space, etc, and were sold at the very figures we're asking for today. And 97% of the units to this point have been sold to brazilians.
Out of curiousity...where did you buy? Don't tell me Fortaleza/Natal. The onrush of gringo's have pushed prices there through the roof ridiculously.