I think you are not understanding me!I bought from the company 4 yrs ago at incredible prices (60,000 mil reais and sold all the properties for 300,000 reais each(enormous gains!!)Now they have almost completed a different project and the properties were on the market for 320,000 and 1.2 million reais.These prices remain the same as the pre launched prices a yr ago .So what you are seeing is not increases just superficial increases created in the head.We can buy properties off plan but the increase in value is tiny as there are just too many and half will remain empty as the population of Natal IS NOT GROWING the way people think it is and there are too many properties to choose from.Also may I add that we do not have thriving industries just tourism and that is down 20+ internationally we also do not have thriving ,bustling,dynamically interesting things to do here,unlike Salvador and Rio which has a beautiful culture,fabulous architects,loads to do and see,rich theater and arts centers,a small handful of good restaurants,fab music etc,etc.
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Originally Posted by JMBroad
Erm sorry but if you bought off plan with them four years ago, you have seen fabulous returns, yet the prices are the same now as they were then, where did your fabulous returns come from? Or did you make more than 25% per annum yield from rentals?
"The prices were and still are 320,000 reais without furniture for a 2 bed lux apartment and 1.2 million reais(300,000 pounds sterling) for the for the larger apartments"
If the prices are the same how are they now set way too high?
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