Quote:
Originally Posted by Angelobrazil
previous to Aracaju, i have bought in Itacaré in 2004 5 hectars of land, at 4km from Itacaré town. Who wants to see my condominio, can acess photobucket, and search for ElShamah. I know the real estate situation in Itacaré very well, and i can tell you that even 8 years ago, there was almost anything available at any beach, close to Itacaré. The beaches were always inside of big fazendas, and in the hand of a few lucky people. One of the smart guys, his name is Ralph. He is the owner of a well known surf brand, not shure if it is Hang Loose. He bought in 1993 a fazenda with Prainha beach for us$300 thousand. But this is already 15 years back!! Another is Luciano, a guy from Minas Gerais, from a rich family, which bought 1500 hectars of land in 1996 for us$ 800 thousand. He sold afterwards Hawaizinho beach to Warapuru, a six star hotel which is beeing build right now. Warapuru made a trade , and paid future 2 luxury villas for the land, worth about us$ 4million. In 2004 , i paid R$ 140.000 reais for my land, about 28000 reais per hectar. In January, a Paulista paid 80000 reais for one hectar, close to my land. Itacaré is not growing fast, and mostly foreigners buy land there. I am selling there average 2 plots of land a year. In Aracaju i sold 120 in 5 month....
Angelo
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It sounds like you know where your heading and i wish you luck and success. You like me have lived the changes and also appreciate that the market is very different now to say 8 years ago. Do you think the same profits will be conceivable if you were to buy now and wait 8 more years. I think the answer to this is what everyone on here is waiting to hear or see.
I hope so....but reality is that the early investors should have made good money by now and although great profits are still possible ...the market suddenly has a huge choice of projects etc or land divisions to buy into.... there fore competative pricing due to large competition.
For those building developements there is a rosy future in my opinion but the large gains have gone and huge price rises are not so frequent. Just a steady rise in equity will be a much safer and less volatile future for all of us.
Property Brazil - Brazil property for sale near Fortaleza