Quote:
Originally Posted by radhav90
hello - i am new onto the forum. I too have been caught by the Brazil bug. I have reserved a 2 bed apt in Logoa, 2 bed apt in Ma Noa Beach which both have phase 1 built in late 2009. I am due to fly over there to look at some land deals as well in late 2008.
I do feel in 5-7 years time Brazil will become a popular package holiday destination with the key tour operators and the world cup in 2014 will hopefully boost the economy.
Has anyone else reserved an apartment in Logoa de Coelho or Ma Noa Beach and visited there recently?
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I live on the island of Itamaraca, and you are right about the potential that NE Brazil offers to the medium term investor - at least I believe you are!
Just make sure that, before you commit, you have done all your research (many threads on this forum can help), and that you know all about the need for CPF cards, contracts in Portuguese, payments throught the right channels in Reais to be paid here (not in any other country), notaries, etc, etc.
Do not make the mistake that many make and compare Brazil prices with European ones - here property is (or should be) much, much cheaper. If not be suspicious...
Certainly take up the offer of assitance to view - you really should not buy without
at least 1 visit...