Quote:
Originally Posted by lagarto
Ther are no crows.. or at least I haven't seen any in the Northeast of Brazil...many tropical birds but no crows.
I am an investor and developer in the Northeast of Brazil with 9 years experience here. I would like to say that JM is correct about his analysis and timing along with experience is very much the issue.
Brazil has become a goldmine already for many people and property values are rising considerably. You must always do your due diligence and preferably visit the location and get to know the developer and location of which you intend to invest. Anything less will leave you open to the proverbial crows.
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From what I have seen over the last few years visiting Ceara and Rio Grande do Norte, monitoring developments/areas and speaking to agents is that many of the proverbial crows are the European based agents. It is more to do with the fact that many real est companies just do not even know the product that they are trying sell never mind exactly where the development is, about the local area, local prices, what and how many liecenses are needed especially for large developments, investment exit routes, tax laws ....... the list goes on!
Lagarto, I assume you also live in Ceara aswell as a investor, are you English? I will be a permanant resident in Ceara myself next month and will be looking for another plot of land to develop myself.
Regards
Paul