Quote:
Originally Posted by Dotty
I am just reading an article from places in the sun 50th edition magazine about an english gent who has invested in the Natal off plan.The property was bought for 50,800 stering which makes it 170,000 reais (or there about).The deposit was 17,000 sterling and additional costs of 3,576 sterling,6,000 sterling for a furniture package and he says the current value is 60,000 sterling with an estimated value return 20% increase (over 5 yrs) makingthe projected value of 155,000 sterling.Which is almost 600,000 reais.Now there is no way in 100 yrs that a small property(56 mtrs) in ponta negra would ever reach that value.The saddest part is he made his 1st payment in JUNE 2007 and the value is worth less than he paid for it and the building is not yet finished and the pre off plan prices are still the same!!
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Haaaaaaaaa ! I just have to laugh too Dotty. I can you imagine all those Rs. 600, 000 place there will be in the future ?? Sure all the demand, will certainly outstrip the supply. NOT.
As an example, look at Salvadorhomes dot com. See what you can get for Rs 600, 000.( min 5 beds) In fact, see the huge house you can buy for Rs 300, 000. ( min 4 beds)New, and ready to move in ! You get your own bloody swimming pool too !