Brazil bucks the trend and upgrades its economic forecast
Whilst Spain’s Central Bank is busy downgrading its economic forecasts from 3.1% GDP growth this year to a revised 2.4%, largely thanks to the depressed property market, its Latin American rival across the Atlantic is massaging its figures in an upwards direction. Brazil’s Central Bank believes that it has underestimated the strength of its economy and has moved its previous forecast of 4.5% GDP growth this year up to 4.8%. Having studied figures just released which show Brazil’s current GDP to be worth £749 billion in 2007, up 5.4% on 2006, the official number crunchers decided that they’d been too cautious.
Samantha Gore, Head of Sales and Marketing for Brazil experts uv10.com comments, “Brazil does seem to be resilient to the turbulence in the northern half of the Americas, a turbulence which has sent shockwaves across Europe. And, whilst Spain is currently down on its luck thanks to property, Brazil has the very same to thank for making a major contribution to its current fortune. Vast amounts of foreign investment are pouring into residential real estate and estimates suggest that around 80,000 houses and apartments will have to be built in the northeastern region alone to cater to the existing demand from foreigners for second residences. This sentiment has been echoed at Nordest Invest 2008, one of the most important events in Brazil's real estate calendar, where sales of property exceeded all expectations.”
uv10.com has particular enthusiasm for the beautiful towns of Pipa and adjacent Tibau do Sul around 80km south of Natal. With a stunning sandy coastline fringed with swaying palms, the area enjoys an enormous amount of environmental protection and construction is kept a close eye on so as not to interfere with the area’s natural wonders. Quinta da Lagoa is one-such carefully orchestrated resort consisting of 83 properties which enjoy an alluring waterside frontage with magnificent views of the lagoon famed for both its oysters and its sunsets. This development also has a very appealing guaranteed rental package.
On-site Quinta da Lagoa has plenty to keep you occupied including adult and children’s swimming pools, Spa, sauna and massage, a ‘Zen’ area, bistro, launderette and convenience store. Off-site Tibau do Sul and Pipa, linked by an 8km road with glorious views of the semi-virgin cliff-backed beaches, lay on an enticing spread of kite surfing, beach buggy rides, fishing and bars and restaurants serving up mouthwatering cuisine.
A range of living options is available at Quinta da Lagoa with spacious studios and semi-detached one bedroom townhouses now ready for occupation and larger bungalows and villas to be released for sale in the near future. Each property incorporates natural materials with clean architectural lines and all have fitted kitchens, en-suite bathrooms, TV and internet connections, air conditioning, solar heating, sweeping verandahs and private gardens. Private swimming pools and outdoor Jacuzzis can be added to villas as optional extras. Comprehensive furniture packs are offered at a good price for owners who wish to place their properties into the rental pool.
The Quinta da Lagoa rental pool guarantees 5% gross per annum for three years from delivery, or you can opt for a profit-share system. Judging by the figures from their sister resort, Pousada dos Girassois in Pipa, which enjoys a very high 80% occupancy per year, you could stand to make a lot more. Girassois is one of the most successful developments in Pipa and the value of property there has doubled in just two years.
Prices at Quinta da Lagoa start from 56,580 euros for a studio and 112,970 euros for a one bedroom semi-detached townhouse. Bungalow and villa prices yet to be released. Three payment plans are in place incorporating various stage payment structures, some of which reward with discounts from list price. Phase one is now complete and phase two will follow in 2009.
For more information, visit uv10.com.
