Fair Deal (Property Brazil)

Porto Dos Corais (Natal - Rio Grande de Norte)

Stunning 2nd line beach development. 1 bed apartments from €40,000 and 3 bed villas from €84,000

Introduction

Very well pricedvVillas and apartments just 150m from one of Brazils fine beaches and next to a golf course in the popular area of Natal.  This development offers investors an excellent opportunity to invest early in a true emerging market. With 1 bedroom apartments from just €40,000 this development will certainly move very fast as investors from around the globe begin to understand the huge potential Brazil brings to the property investment scene.

Unit Breakdown

Payment Schedule

• €1,000.00 Reservation Fee - Required immediately to remove property from sale and freeze the price.
• 30% of Purchase Price - Required on contract (less €1,000 Res Fee). Investors can expect to move to contract usually within 30 days.
• Stage Payment - 20% of Purchase price when concrete skeleton reaches first floor estimated March 2007.
• Stage Payment - 20% of Purchased price required when roof is finished, estimated May 2007.
• Remaining 30% - Required upon Completion of the property. Estimated Completion Dates:
  Type A, B, C & D units 1-32, by 30.9.2007 - D 33-D56, E, F G by 31.3.2008

• The infrastructure is being put in at this very moment. Building license is now in place.
• Construction time in Brazil is usually around one year.

Investment Return Projections

Development Description

The Resort

Porto Dos Corais offers 341 units only 150m from a stunning South American beach in the popular and growing tourist area of Natal.  This area is the closest point of latin America to Europe and the cost of living is around 20% of that in the UK.  A new airport is set for completion in June 2009 making the resort reachable in just 25mins by car.

Maracajau is known as the Caribbean of the Rio Grande do Norte region.

Development Features:

• 150 m from the beach of Maracajaú
• Gated community with 24h security
• Built to European standards
• Total area: 69.000m2
• Green area: 35.000m2
• Restaurant
• Bar
• 6 swimming pools
• Spa & Gym
• Soccer field
• Tennis court
• Volleyball & basketball courts
• One golf courses will be built next to the project and two more close by

The Properties All units are delivered with built in spotlights, airconditioning, dishwasher, fridge-freezer, oven, washing machine, bed clothes, curtains, cutlery / kitchenware and come FULLY FURNISHED

The Villas

There are 3 Villa styles offered within the Porto Dos Corias resort.

Type-A Villa These Villas are located closest to the beach. The Type-A villas are 2 bedrooms and built over 2 levels. These villas have a built size of 139m2 and offer a large roof terrace with BBQ.

Type-B Villa This  Villa style again is built over 2 levels but have 3 bedrooms.  They also include 2 terraces and come with aa built size of 119m2.

Type-C Villa 3 bedroom villas with a built size of 113m2.

The Apartments

Porto Dos Corais also offers very well priced apartment units.

1 bedroom apartments come with terraces and have built sizes ranging from 52m2 to 58m2.

2 bedroom apartments alsso come with terraces and have built sizes from 111m2 to 117m2.

Bank Guarantees

Bank Guarantees are currently in place. This project is being constructed by a very serious developer, Top Responsible Technical Engineer (Serhs Gran Hotel Natal, 5 star Hotel - completed November 2005, 410 rooms, Best Beach Hotel Award in Brazil 2006), and Top Architect (more than 1300 luxury homes done to this date, including resort of 700 luxury homes)

Location Details

Maracajaú is a peaceful coastal village with around 2,500 residents. Located 56 km north from Natal. The popular Ponta Negra is also located just a short distance South.

Natal itself is located on the extreme Northeast tip of Brazil and is the part of Brazil closest to Europe. Natal is the Capital of Rio Grande de Norte.

Local climate

Since Natal is only a few degrees from the equator, the seasonal variations are very small. Most of the year the day temperature is around 30 degrees and the night temperature rarely falls below 24 degrees. The annual average temperature is 26,4 degrees (includes day & night temperatures).

The season of the year in Brazil are opposite to Europe and are as follows: Summer 22 Dec- 21 March, Autumn 21 March- 22 June, Winter 22 June- 22 September, Spring  22 September-22 December.

In Natal, April to June is considered “rainy season” and during this period it rains intensely for a few hours after which the sun comes out again. Even during this time, the temperature never drops below 24 degrees. The rest of the year is very sunny and the climate is dry and there is always a refreshing tropical breeze from the sea which makes the temperature feel even more pleasant.

Brazil does not suffer from any tropical storms, hurricanes or earthquakes.

Why Invest in this Location?

The Country

• Year-round sunshine, with average summer temperatures of 21°C.
• Some areas in the north east of Brazil saw property price returns of 20%+ last year
• Current favourable currency exchange, making it cheap for foreigners to invest
• President Lula has brought great hope and improvements to Brazil
• Inflation at an all-time low
• Foreign investment is actively encouraged and you can own 100% of land and property
• Cost of living a mere 20% of the cost in the UK/Europe
• Property maintenance costs are low
• Increase of thriving manufacturing industries relocating to Brazil
• Expected to produce all of its own oil within the next year
• Great natural beauty with fantastic scenery and 7,000km of beaches
• According to some economists, Brazil will be amongst the economic leaders of the future, along with Russia, India and China
• Friendly nature of the Brazilian people
• Vibrant cities with carnivals and music
• Low international risk of war, terrorism or SARS in Brazil

The Region

• Average temperature of 26C and there is no Off-season
• The Northeast of Brazil is only 7-8 hours by plane from central Europe, Natal is the closest point from Latin America to Europe.
• Cost of living is very low, around 20% of the cost of living in the UK
• Maracajaú is synonymous with peace and quiet. Here "stress" is a foreign word. The small fishing village still retains its original charm, with sailing rafts anchored on the sea shore. The people are very welcoming and their main source of income comes from artesian fishing. You don’t have to spend a lot of time in Maracajaú before this lifestyle starts to affect you and soon the word stress is removed from your vocabulary as well.
• Ever since a road was built to give access to the village, Maracajaú has been visited by an increasing number of tourists. Recently, the economic profile has been changing, with investors arriving from all over the world to reveal Maracajaú’s tourist potential. As such, Maracajaú is nowadays one of the most promising beaches in the State of Rio Grande do Norte, as far as tourism is concerned.
• Its beaches with crystalline water, sea-front coconut groves, sand dunes with white sand and a large coral formation a few kilometers from the coastline occupying more than 13km², makes it  place of stunning natural beauty. An excellent lodging and restaurant structure is already in place to unite peace and tranquility with comfort.
• Next to the village is a large aquatic park that is visited by approx. 100.000 tourists per year. Several golf courses will be developed next to the village as well in the coming years.
• Diving and snorkeling in the parrachos (large natural pools that form at low tide) is very common, and several sunken ships are part of the underwater seascape that can be seen by anyone who goes diving with an oxygen cylinder. Other activities range from horse riding, watersports, exciting daytrips in beach buggies along the coastline, or simply relaxing on the beach. The village has a supermarket and pharmacy, and recently several new restaurants and small shops have opened in the village.
• This idyllic fishing village and the climate with its constant breeze and dry, equatorial trade winds, the people, the food and the low prices, all this makes Maracajaú the perfect place to relax. However, if you want more “action”, in a little over 30 minutes you can arrive in neighboring Natal with 800.000 inhabitants and all the modern facilities and nightlife you can wish for. The prices are so low that you can go by taxi and spend the night in a hotel for a small sum of money.
• Presently approx 150.000 tourists visit Maracajaú per year, and the number is expected to increase sharply the coming years along with development taking place in the area. Almost all the land is sold around the village and it will undergo a transformation in the coming years. The authorities are very strict when it comes to granting building permissions. The environmental norms are very strict which will guarantee that this remains a low density area. As mentioned before, the new airport with an estimated completion in June 2009, will be just north of Natal and as a result Maracajaú will be reached from the airport in approx. 25 minutes by car. Maracajaú is perfectly positioned to benefit from the massive increase in tourism in the coming years.

This is a true piece of paradise on the charming Northeastern coastline of Brazil. To no surprise, lately Maracajaú is also known as the Caribbean of the Rio Grande do Norte.

Mortgage Options

Please request a consultation with your advisor regarding Mortgages.

Alternative Finance Options

In addition to financing through a mortgage, your IPIN advisor can also arrange for help you finance your investment in other ways, such as Equity Release and personal finance.

Investment Strategy

We strongly recommend consulting with an IPIN advisor to discuss the investment strategy that best suits your personal situation.

FAQ

Where is Maracajaú located? 56 km north from Natal. The popular Ponta Negra is also located just a short distance South.

Natal itself is located on the extreme Northeast tip of Brazil and is the part of Brazil closest to Europe. Natal is the Capital of Rio Grande de Norte.

What airlines are currently flying to Lagoa? The following airlines currently fly from the UK to the North East of Brazil; Thomas Cook, First Choice, British Airways, Airtours and BMI Baby.

What airports are there in the area? Access by air is gained through the Augusto Severo International Airport, 45 minutes away from the resort, where there are also direct flights to the most important cities in the country with Varig Brazilian Airlines. The new airport, São Gonzalo do Amarante, will be finished in the year 2009; with capacity to hold 5 million travellers and located only 15 minutes away from the resort.

What is the flight schedule from the main cities? Flights operate the following days: Madrid – Natal: Mondays, departure: 14:55h. (Spanish time)- arrival in Natal: 19:00h. (Brazilian time). Natal-Madrid: Sundays, departure: 23:59h. (Brazilian time)- arrival in Madrid: 12:05 on Monday (Spanish time).

What is the time difference in Brazil? The Eastern part of the country is four hours behind.

Do I need a visa to enter the country? Travellers with British nationality are only required to carry their passport, which shall be valid for a minimum of 6 months.

What services does the resort provide? A very modern Medical Cosmetic and Dental Clinic, a Health Centre, a Spa where you can put your body and mind to rest, a water park, shopping and leisure centres, animal hotel, luxury hotel, bars, cafés, restaurants, banks and exchange offices, cinemas, sport centres, convention centre, auditorium, theatre, 9 hole golf course, parks and children’s playgrounds, nurseries, 2 seacoast areas, heliport, 4 km private beach by a natural lake..

What is the weather like in Natal? It is a privileged region where you can enjoy the sun all year long with an average temperature of 28ºC. The mild breeze from the Atlantic softens the maximum temperatures of 31ºC reached from November to March (Summer), whereas minimum temperatures fall to 21ºC from June to October (Winter).

What is the cost of living in Natal? Compared to other tourist areas in the country, prices are surprisingly cheap in restaurants, bars, shops; in some cases the cost of living can be up to 75% cheaper than the UK, so we advise you make the most of it!

What is the official language of the country? Portuguese; but Spanish speakers have no problem since they usually understand Spanish due to the fact that they are so geographically close to Spanish-speaking countries.