Hi All,

I was wondering if anyone was thinking or has purchased in this development. I will be depositing my non-refundable reservation fee tomorrow for a penthouse in building Jade 8 in the Marginata site. It has sea views and is selling for 122, 000 Euros.

The development site is 22,000,000m2 in total size, so I think this will be definitely the biggest development in NE Brazil. Prices on penthouses are going up by 25% Tuesday 29th.

Input would be much appreciated.

Cheers
AI

There will be so many more resorts like that in NE-Brazil. The stuff about going up 25% is just bull-$hit.

Rondy-I would have thought that by now you may have developed at least a modicom of ability to control your innate urge to continually shoot yourself in the foot-your predictions are about as accurate as a dyslexic weatherman waving a wet finger in the air.Pretty soon you are going to need a wheelchair to get around.
Lots of developments like this in N.E Brazil?-this is a real mould breaker for the region and raises the bar by a significant degree.
How many developments do you think will have the following?

FIVE golf course,(professionally designed,PGA)
Celebrity,high profile marketing.(Antonio Banderas,Ronaldo-the Brazilian one ie)
Ronaldo soccer school academy.
True Beachfront villas. and apartments.
Aesthetically pleasing, well designed sea view apartments with huge balconies/terrace areas(most designs and external space in this region are challenged to say the least)
Highly competitive early stage price points.
Tennis,gyms,fitness,equestrian,shopping centres,spas,pools,and much more.
Less than 15 minutes from Augusto Severo International airport and just 10 minutes from Natal city itself.
Bank guarantee from Barclays.
Established developer with track record.
Just 30% required prior to final completion payment.

A two bed luxury penthouse apartment here with a huge 200M2 of combined internal/external space with either front line golf or sea views is currently available at just over 80K!!
Replicate that elsewhere if you can.Oh and btw don't forget to factor in the Tropical climate, yet without the hurricanes and Tsunamis,no bombs and terrorists to shatter your dreams, low crime rate,the freshest air on the planet, and all within a tax friendly environment with dual taxation treaties and just 7 hours from Europe.These highly attractive combinations simply do not exist elsewhere.
There is no way the price will be held at this low level.This is pure launch price and stacks up to anything on a WORLDWIDE,let alone a regional basis.

Best of luck to you Australiainvest and anyone else who has the foresight and acumen to invest here early.

Magnate, I knew about this development at the time when had not heard about Natal. I bought some prime land in at 200m from it when I have found a guy who had no idea that his land was actually worth 10 times more. The only regret I have is that I did not but more land.

About the resort itself, it is quite nice. But NE will be saturated with such resorts in the near future so I am not sure about rentals.

It won't be a crap like Sahl Hasheesh but won't be the Paradise either.

Thanks Magnate,

I don't bother reading crude comments that stem from pessimism or competitiveness. People always like to think or hope that their investment is better than others to help reassure themselves. I see forums as a place where people help each other by sharing information and experience NOT bag other investments they did not invest in.

I will be happy if I make a dollar because I am new to this game, love the challenge and experience.

But after thorough research on developments all over the world, this is the best and biggest I have seen so far. And as everyone already knows, NE Brazil will definitely soon be one of the best holiday destinations in the world. Therefore I personally think this is currently one the best places to bank your money. I would of still purchased in this development with or without the price increases.

I chose investing in a resort over land because of my long term plan to buy to let. With an on site manager it will be hassle free.


I would be interested to know if other people have also invested in this development. Lets get this thread going.

Cheers,
AI

I too brought in Natal before the launch. I think it will prove a good move. It's difficult to predict the rental potential though. I believe we will need to sell on completion or keep for a few years until the whole developement is finished. A Friend of mine was at the launch and he said the buying was frantic even at the higher prices. Unfortunately, I could only aquire a standard apartment & not a Penthouse.

Whilst on does anyone have any useful info on Isla Canela in Spain

Jonrob,
You should have few concerns about the rental potential in the early days.As a generalisation ,the N.E.of Brazil is a capital appreciation play and your gains will more than compensate.Regard any income as a welcome bonus.

As i stated 10 days ago these prices would not be maintained at this low level and anyone conducting even the most superficial comparative analysis would have been able to rapidly verify.

The front line golf penthouses on Marginata have now risen in price by 23% and the sea view by a massive 31%

I have reserved a 3 Bed on 2nd floor in Miltonia, which went up by 15% at the launch. Still better than nothing. From the info I received, the developer is guaranting 4% during the first 3yrs. I believe however, that you cannot assign during the construction phase

Contracts may be assigned any time after the first 30% stage payment.

I have to agree with this as the tourist numbers are only just building up enough to sustain a good rental market (I am a firm believer that this will happen in the next few years). A lot of places are guaranteeing rentals, which is a gamble the developers are making because they will need to rent them aggressively to pay that guarantee, but by the time the guarantee runs out the rental market should be pretty solid.

So really you have three choices:

1. Don't worry about the rental market or rent it out yourself privately or through a local agency.

2. Go for the guaranteed income. Generally about 5% - a few costs, which is a nice bonus on top of your capital appreciation.

3. Go for a re-development of a resort or hotel or pousada with existing clientele and an existing good reputation. These are hard to come by and we only have one on our books, but conservative estimates are 8 - 12% rental return.

If anyone knows of developments like number 3, please let us know so we can list them, because they sell quickly...

Rob.

Buying a brand new build or even better - off plan is definitely the way to go. Guaranteed rental income is offered by any reputable overseas company, which not only ensures the mortgage for your property is covered but the company also do all the advertising and running of the resort for you.
Dont know too much about Brazil to be honest but I have invested in Thailand and Dominican Republic in this way and things are looking good!!

"Guaranteed rentals" are always factored into the selling price. You are getting your own money back, on which you could be liable for income tax if UK resident for tax purposes.

To all whom it may concern,

I have just created a 'grand natal golf' group on facebook. I assume most of you use facebook?

Log in and search grand natal gold under groups.

All join, it will be a good place for everyone to upload photo's and video's easily with no hassle, and to discuss, share and inform with each other. It is a good network base for those who have purchased or are interested. It will also likely attract any other buyers who may have not stumbled on this forum yet and so you have not met.

All the best

Nick

I have been pondering this recently:

Say a development offered 5% for 5 years guaranteed, and if this is factored into the price, then the price of the development must be 25% higher than that of a comparable development next door. If this is the case how could they sell it, as I would be better off buying the cheaper one next door without the guarantee?