Quote:
Originally Posted by Golfingworld
That's interesting Ralph, from what I saw recently in Natal there is a near standstill in sales and prices. Of course the market is split in many different ways, but I did say "off plan developments" which always tend to be over priced, especially if it is Gringo to Gringo sales. In all seriousness, can anyone really claim that "off plan overseas properties" are still rising in price in Natal area? The reality is that Euro buyers have just about got the same exchange rate, Sterling buyers have lost 20% and Dollar buyers are better off in Dollar related markets...add to that the uncertainty of major projects due to their difficulties and my point is wait, find something finished or nearly finished as to my mind there is no chance of an increase on these developments. Or buy in the finished Brazilian market. Rental returns on these off plan will never get near town centre properties on long lease as mass tourism to natal area is not practical whilst Brazilian airports treat their tourists no better than the fruit they export.
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Totally agree, Prices rising in Bahia, Ill assume Aracuja (because Ive never been) and Ceara because its based on its more infrastructure, high tourism in both foreign AND internal market. Whats Natal based on, hype! The prices in RGD Norte have no right to be so high, in the same league as Bahia and more expensive than Ceara! With no real increase in tourism and all lack of activity of these huge developments in RGDN the property market has no where to go for the near future.