Brazil – 8% Rental Returns plus Discounts
In a quest to find affordable property investment opportunities where the financials really stack up, we’re prepared to shout from the (Brazilian) rooftops about this duo. Starting prices from a little over £50,000, guaranteed rental incomes of 8% and even a developer who’s prepared to shoulder 40% (yes 40%) of the purchase price. Let there be no doubt that it’s a buyer’s market – get involved.
 Let the journey begin in the northeastern state of Paraíba and Praia Bela (‘beautiful beach’) which is the setting for Sossego Bay. Just 500 metres from the sandy shores, this boutique resort of studios and two bedroom apartments has outstanding facilities such as a 34m swimming pool and bar and barbecue area alongside exceptional services from maintenance to cleaning and security to laundry. Here, the developer is prepared to offer a one-off 40% discount on the remaining fully furnished two bedroom apartments in return for your rental income for five years. This would bring starting prices from an already comfortable £54,950 down to a quite ridiculous £32,970.
Perhaps the loss of rental income for five years brings slight disappointment, but take comfort that from completion (scheduled for July 2010) the developer won’t be entirely monopolizing your property but instead offering two weeks’ free personal use each year for sunny holidays. And of course if you’d rather not accept the 40% discount, there’s a two year guaranteed rental income at 8% yours for the taking. With Paraíba’s tourist arrivals up 80% year-on-year and several hundred million pounds-worth of investment earmarked for this coastline to include a multi-faceted golf and marine resort with hotels, Spa, convention centre and an 18-hole golf course just five kilometers from Sossego Bay – your initial £500 reservation could mushroom into a massive return on investment in years to come.
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Moving north and to the west and the state of Ceará and this is home for the equally light on the wallet resort of Palm Beach on the Uruau coastline. Here clients make their purchase in the local currency, the Brazilian Real, and this is one currency against which the pound is holding its own. Palm Beach’s entry level two bedroom two bathroom apartment is priced at 197,000 BRL. In June 2008 that would have translated as £66,533 whilst in January 2009 you’ll only need to find £59,403. Move quickly before the exchange rate does.
At Palm Beach you get a lot for under £60,000 which is paid in manageable stage payments. Absolutely frontline to the beach, the fully furnished units with air-conditioning access on-site private parking, swimming pools, tennis and volleyball courts plus of course the warm tropical Ocean on your doorstep. A new hotel with golf resort and Spa is at early stages within 100 metres of Palm Beach and restaurants and shops are also within walking distance. Rental management will be in place and Fortaleza with its population of well over two million and International Airport is just 45 minutes by car. Completion here is scheduled for January 2010 and from that point rental returns are pitched at 8% per annum.
At both Sossego Bay and Palm Beach remaining units are limited in number so contact GEM Estates straight away on info@gem-estates.com, visit www.gem-estates.com or call UK Freephone 0800 036 0068, Irish Freephone 1800 211 462 or call the Spanish office on 00 34 952 799 286.
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Date: 2/3/2009 | 
UK Freephone: 0800 036 0068
