[Mineiro]

Originally Posted by Dotty

Hi Mineiro,

Costa do Sauipe was heavily promoted as far back as 2000-by Unijet when they were trying to get the N.E off the ground (you may remember them) until the company folded .
Not much has changed since then as Unijet never got moving,Thomson's package holiday's have been and gone in Natal -which was one of the most heavily promoted regions in Brasil for overseas investors . I get the feeling that the Brasilian estate agents are focusing on their Brasilian customers to invest in Natal,of course there are joint ventures,but it is not so easy without the flights coming in ,fewer flights,fewer sales .
As for making a quick buck,not cheap by any means .Simple eg buy for 100,000 pa 7% to register(not bad) sell for 150,000-200,000 pay 5 % commission and a further 15% in capital gains tax (if you do not reinvest in Brasil within 5 mths)so already has been eaten 20% and if you care to move money out of Brasil (which is often the case) another 15%, so work that out a hugh 35% taken straight away and not to forget the other tiny taxes in between approx 2%.

If I did not have strong links with Brasil would I invest here? The honest answer would be no .


From

Since you seem to have lived here longer than most and certainly invested here for longer then I wonder why some people insist in saying that you don't have a clue to what's going on in Natal and RN. Certainly unlike yourself there seem to be a lot of people who have lots of trouble giving an honest answer.