Why would you invest in Natal?

[Dotty]

There has definately been a decline in publishing Natal as an investment capital to tourists of late.The local government had put a lot of importance of investment ,financially here and overseas to bring people to Natal in the past and it appears that it has dwindled and their main focus is on brasilian nationals.

It also needs to be said that Forteleza is immense and offers rich cultural history and incredible beaches along with Recife's historical background,which makes it more interesting for many.The same applies for Salvador.I think this has to taken into consideration when flights have been pulling out of Natal.
That's just it Natal has some nice beaches ,but for many it's not quite enough.There are beaches all over the world!

Originally Posted by Blc

Why to invest in Natal

One could hope that the flights starting 22/12/08 Atlanta/ Fortaleza/Recife confirmed in yesterdays press and Deltas website $600 may one day stop off at Natals new big airport. i wonder why they did not choose Natal also anyone have any idea.

Natal has some nice beaches and i love the place for a vacation..

[robh]

Originally Posted by Blc

Why to invest in Natal

One could hope that the flights starting 22/12/08 Atlanta/ Fortaleza/Recife confirmed in yesterdays press and Deltas website $600 may one day stop off at Natals new big airport. i wonder why they did not choose Natal also anyone have any idea.

Natal has some nice beaches and i love the place for a vacation..

It probably has more to do with marketing and lobbying by the relevant tourist ministries. Since Thomson dropped out of Natal this year, I think the RN tourism office has suddenly woken up and decided to get back to work. Thomson have now announced that they are doing 2 flights per week next year so things are happening.

Rob.

[Blc]

Originally Posted by Dotty

There has definately been a decline in publishing Natal as an investment capital to tourists of late.The local government had put a lot of importance of investment ,financially here and overseas to bring people to Natal in the past and it appears that it has dwindled and their main focus is on brasilian nationals.

It also needs to be said that Forteleza is immense and offers rich cultural history and incredible beaches along with Recife's historical background,which makes it more interesting for many.The same applies for Salvador.I think this has to taken into consideration when flights have been pulling out of Natal.
That's just it Natal has some nice beaches ,but for many it's not quite enough.There are beaches all over the world!

I agree with you beaches are not enough to drive the market, and the big airlines know that. Clients who purchased on the back of the new airport will feel let down that major airlines have decided against Natal for now anyway.

The market reacts on good news and in the last 10 days the news in Fortaleza is Petrobras will invest $11 billion in Ceara close to Pecem creating jobs and new hope for the locals. This week they also said they will invest $ 150 mil on three new rigs and then thursday the news on the flights all this information was published in the Povo local paper and the tv, lets not forget the new Metro which for sure will go down well in the eyes of fifa when selecting cities for the world cup.

I hope Natal can attract good news in the future also beause to date its all bad news, I did read this week though that Natal was the number 1 destination with cvc the tour operator but that just one company.


ok have a nice weekend

[robh]

Another reason that AA chose Salvador, Forteleza and Recife for their new flights from Atlanta is that they already fly there from other cities in the US, which means they already have operations in place in those destinations. Much easier to do that than go to a new destination.

The new airport is nowhere near finished in Natal, latest date is 2011.

Rob.

Originally Posted by Blc

I agree with you beaches are not enough to drive the market, and the big airlines know that. Clients who purchased on the back of the new airport will feel let down that major airlines have decided against Natal for now anyway.

The market reacts on good news and in the last 10 days the news in Fortaleza is Petrobras will invest $11 billion in Ceara close to Pecem creating jobs and new hope for the locals. This week they also said they will invest $ 150 mil on three new rigs and then thursday the news on the flights all this information was published in the Povo local paper and the tv, lets not forget the new Metro which for sure will go down well in the eyes of fifa when selecting cities for the world cup.

I hope Natal can attract good news in the future also beause to date its all bad news, I did read this week though that Natal was the number 1 destination with cvc the tour operator but that just one company.


ok have a nice weekend

[Blc]

[QUOTE=robh;73000]Another reason that AA chose Salvador, Forteleza and Recife for their new flights from Atlanta is that they already fly there from other cities in the US, which means they already have operations in place in those destinations. Much easier to do that than go to a new destination.

The new airport is nowhere near finished in Natal, latest date is 2011.

Rob.[/QUO

Rob

AA have never flown to Fortaleza from Atlanta only Miami /Manaus all the new routes are with Delta The tourist minister from RN did try to get them to fly to Natal but they were not intrested i think it has something to do with the world cup 2014 this could mean that when the host cities are selected next year they will go to Fortaleza/ metro under contruction Recife/ merto under construction and Salvador/ metro under constuction Natal has no chance now to host the games missing out on all the infrastucture that comes with the games bad news im afraid only time will tell.

The world cup will play a big part in real estate investment and like Dotty says nice beaches are not enough take into account the 8 new 5* hotels under construction in Aquiraz resort which was the only thing Natal ever had over Fortaleza.I recently checked what happened to real estate prices in South africa after they were awarded the world cup and cauld not belive how much prices had rissen

When work started on the metro the govenor made sure it passed the stadium a clear sign he expects to get the games. Also a $R6.000.000 facelift of the Beira mar underway. Last week i was in Recife amd guess what work underway on the broad walk also.

I see prices falling in Natal over the next few years i think this is happening already with some developments.


I will continue to take my vacations in Natal but not invest in property.

I have invested do date in Fortaleza/ Paraiba/Florianoplis i always found the developers in Natal to be gready asking for 30% down somtimes 50% during construction here in fortaleza the developers will finance off plan with 100 = payments $1000 down.

Have a nice day

[Dotty]

Unfortunately,moan,moan,

Natal is pratically at a standstill in terms of planning for the future and are completely out of touch to run a World Cup football match(just aswell they wiil not). Traffic congestion has quadrupled (purchasers can buy a car for 1 real and pay the 2nd payment in 3th's time).Infrastructure is poor on most roads with below standard sign-posting and blocked drains that are causing problems(even though it hasn't rained for a while.)

There has been talk of constructing a metro and trams,but it is more political than
a serious debate and am not yet convinced.Of course if Micarla gets in might well happen .SHE'S GREAT!

Properties and prices.If you have bought as a tourist investment to let out to another tourist to make money then things are not great at the moment as there are so many available properties for rent and for sale and most remain desperately empty and are very negotiable.

Forteleza Buys-That's a very interesting form of property buying in Forteleza for a non-brasilian national.We don't have that in Natal they normally require a payment of 30% ,then 20% and the final 50%when hopefully the roof is on which means youv'e parted with 50% of your cash before you have a finished product!
To be quite frank with you 30% to an developer (not being biased,but in terms of the work being completed or not is quite a big risk to take as so many have found out already,fortunately some lost less than that(10%) but it's not great by any means.
I try to remain positive,but when you look around -you wonder where it will all lead to.

Happy Days
D







[QUOTE=Blc;73008]

Originally Posted by robh

Another reason that AA chose Salvador, Forteleza and Recife for their new flights from Atlanta is that they already fly there from other cities in the US, which means they already have operations in place in those destinations. Much easier to do that than go to a new destination.

The new airport is nowhere near finished in Natal, latest date is 2011.

Rob.[/QUO

Rob

AA have never flown to Fortaleza from Atlanta only Miami /Manaus all the new routes are with Delta The tourist minister from RN did try to get them to fly to Natal but they were not intrested i think it has something to do with the world cup 2014 this could mean that when the host cities are selected next year they will go to Fortaleza/ metro under contruction Recife/ merto under construction and Salvador/ metro under constuction Natal has no chance now to host the games missing out on all the infrastucture that comes with the games bad news im afraid only time will tell.

The world cup will play a big part in real estate investment and like Dotty says nice beaches are not enough take into account the 8 new 5* hotels under construction in Aquiraz resort which was the only thing Natal ever had over Fortaleza.I recently checked what happened to real estate prices in South africa after they were awarded the world cup and cauld not belive how much prices had rissen

When work started on the metro the govenor made sure it passed the stadium a clear sign he expects to get the games. Also a $R6.000.000 facelift of the Beira mar underway. Last week i was in Recife amd guess what work underway on the broad walk also.

I see prices falling in Natal over the next few years i think this is happening already with some developments.


I will continue to take my vacations in Natal but not invest in property.

I have invested do date in Fortaleza/ Paraiba/Florianoplis i always found the developers in Natal to be gready asking for 30% down somtimes 50% during construction here in fortaleza the developers will finance off plan with 100 = payments $1000 down.

Have a nice day

[robh]

[QUOTE=Blc;73008]

Originally Posted by robh

Another reason that AA chose Salvador, Forteleza and Recife for their new flights from Atlanta is that they already fly there from other cities in the US, which means they already have operations in place in those destinations. Much easier to do that than go to a new destination.

The new airport is nowhere near finished in Natal, latest date is 2011.

Rob.[/QUO

Rob

AA have never flown to Fortaleza from Atlanta only Miami /Manaus all the new routes are with Delta The tourist minister from RN did try to get them to fly to Natal but they were not intrested i think it has something to do with the world cup 2014 this could mean that when the host cities are selected next year they will go to Fortaleza/ metro under contruction Recife/ merto under construction and Salvador/ metro under constuction Natal has no chance now to host the games missing out on all the infrastucture that comes with the games bad news im afraid only time will tell.

The world cup will play a big part in real estate investment and like Dotty says nice beaches are not enough take into account the 8 new 5* hotels under construction in Aquiraz resort which was the only thing Natal ever had over Fortaleza.I recently checked what happened to real estate prices in South africa after they were awarded the world cup and cauld not belive how much prices had rissen

When work started on the metro the govenor made sure it passed the stadium a clear sign he expects to get the games. Also a $R6.000.000 facelift of the Beira mar underway. Last week i was in Recife amd guess what work underway on the broad walk also.

I see prices falling in Natal over the next few years i think this is happening already with some developments.


I will continue to take my vacations in Natal but not invest in property.

I have invested do date in Fortaleza/ Paraiba/Florianoplis i always found the developers in Natal to be gready asking for 30% down somtimes 50% during construction here in fortaleza the developers will finance off plan with 100 = payments $1000 down.

Have a nice day

The new routes I am talking about are with AA, I just dug out the announcement for it??

The domestic market in Natal is very active, we have set up a few projects for our clients and they sell out in weeks with very good profits. These projects are targeted to people that can get a social mortgage so it is the very lower end of the market.

We don't sell anything in Natal itself besides organising projects but I do hear the international market is pretty quiet there. Outside of Natal things are a lot busier.

Are you Brazilian as a lot of developers in Natal will do 100 payment finance but not to international clients as there is too much administration required for all the international payments.

As for South Africa, prices are also rising in areas where there are no games, like along the garden route etc..

Regards,
Rob

[Dotty]

The lower market /social properties are out in Parnamirim and beyond that have very little gain in terms of profits and not recommended for overseas tourist investors .

[robh]

Originally Posted by Dotty

The lower market /social properties are out in Parnamirim and beyond that have very little gain in terms of profits and not recommended for overseas tourist investors .

I am not sure what you are talking about Dotty, but we setup the whole project for an investor, the project is then launched and sold directly to Brazilians. This isn't for your average investor as it requires at least R$1 mil up front, but the profits are extremely good.

[michaelbush]

Originally Posted by robh

I am not sure what you are talking about Dotty, but we setup the whole project for an investor, the project is then launched and sold directly to Brazilians. This isn't for your average investor as it requires at least R$1 mil up front, but the profits are extremely good.

Agreed Rob- the market is changing and my main client type is now the real investor as opposed to the holiday home buyer. We have many good lands suitable for building 'popular houses' that can be bought by Brasilians with a mortgage of up to 30 years. Agreed the areas of urban expansion is in Nova Parna***m, Parnamirim, Macaiba, Nova Natal etc. Yes there is a good profit to be made in developing these lands. Prices of land are shooting up, but there are still some very good buys for the shrewd investor. We also have some very good working Fazendas at really low prices that will give an income return from crops, cattle etc, even after all costs are taken out. eg 45 hectares just 10km from the ew airport for 300k R$, 221 ha. cattle, 50ha of Capim Pangola for 700kR$. Many more too.