Brazil – City investment apartments set to return 49% in 30 months
In this topsy turvy market it is reassuring to find that there remains a location where “it is standard for developments to sell out within weeks”. This location is Petropólis, dubbed the ‘Mayfair’ of the city of Natal in Brazil’s northeast. Investors can now buy into the 26 storey Dr Geraldo Furtado building at 20% below market value on pre-release and reap an estimated 49% return in the construction phase alone – providing you can move quickly enough to beat the crowds.
Samantha Gore, Sales and Marketing Manager for www.uv10.com, comments, “The Brazilian middle classes are now homeowner hungry, buoyed by new affordable mortgages, and every project in Petropólis sells out at a remarkable pace. It is quite simply the most upmarket and desirable area of Natal, with household incomes up to 350% higher than the average for the city, so attracts a waiting list of local professional buyers. This is the ideal spot for a hands-free investment which cannot fail to deliver returns – either through guaranteed rental income or profitable resale upon completion in 2013 taking into account capital appreciation, the imminent arrival of FIFA World Cup 2014 and the opening of Natal’s new International Airport, the largest in South America.”
Samantha continues, “It’s also quite fitting that we’re once again teaming up with 20-year established developers Grup Immobiliari Natal Brasil as we both form part of a select group of élite property professionals. In the Association of International Property Professionals Awards www.uv10.com was singled out to win ‘Best Small Agent 2010’with Grup Immobiliari Natal Brasil securing the accolade ‘Best Developer, The Americas 2010’. With only 11 winners, one per category, Brazil featured heavily amongst the successful entrants and this is perhaps a nod to the increasing popularity of this economically booming nation.”
uv10.com has stolen a march on the competition and is able to offer some units in Dr Geraldo Furtado at 20% below market value. These pre-launch prices from 143,000 Reais (approx. £53,000) represent a 2.5% discount for early entry whilst including a four year 6% rental guarantee.
Dr Geraldo Furtado counts 86 units arranged across 26 storeys with just four apartments per floor. Upwards of the ninth storey the incredible coastline will come into view – just 450 metres beyond. Designed with city workers in mind, the two and three bedroom properties are complemented by a convenient array of on-site facilities to include underground parking, a communal swimming pool and barbecue area, pool bar, sauna, games room, laundry, reception and 24 hour gated security.
In a privileged city hotspot, residents can combine the arts, fine dining and Mall shopping with lazy days on the local Praia do Meio beach a mere 450 metres away. Natal’s main business district has swift access whilst Ponta Negra, the area’s famous 4km-long dune beach, is a short drive down the coastal road.
Prices start from 143,000 Reais (approx. £53,000) and payment terms are spread over 30 months until completion anticipated for January 2013. Upon completion, investors are advised to either sell for very high profit or hang on and enjoy lucrative rental income. Choose between a hassle-free four year 6% rental guarantee or use the developer’s rental management team and expect returns of 10% net each year. Selling or renting will bring even higher profits during FIFA World Cup year 2014 as Natal’s brand new 45,000 capacity Estadio das Dunas will be located within 5km of Dr Geraldo Furtado.
For more information, visit uv10.com.
