VG Sun Cumbuco a good investment ?

We have just received the latest price update on VG Sun Cumbuco. A new mega apartment complex to be constructed beach front in Cumbuco. No doubt is this region interesting with an ever increase in demand for housing due to the industrial area near Pecem. But is this a good investment – A bungalow apartment within this condominium of 140 square meters is priced around BRL 1.047.300,00 approximately USD 509.000 + stamp duty and other fees. Taken into consideration that Cumbuco does not have a bank, hospital not even a post office these prices are rather high!  If you where to find something in that price range in Florida US – you would get a nice 3 bed room house in Cape Coral sitting on a private plot of 2000 square meters!

I think prices have gone nuts in Cumbuco when a constructor tries to pull out BRL 7500/square meter from a beach property that has such poor surroundings when it comes to infrastructure.

Kaj Jensen

Fortaleza Real Estate
CRECI 5653

Property prices in Brazil are likely to increase

Property prices in Brazil are likely to increase around 5 to 10%, in 2012 and the real estate sector should avoid a bubble, according to a poll of real estate and financial experts.

Since 2003, more than 30 million Brazilians have officially entered the middle class enhancing their ability to afford housing and the finance it entails. Minimum wages have risen sharply, social housing programs such as Minha Casa Minha Vida have taken effect and unemployment is at an all time low of 5%, compared with 23% in Spain.

Those who have historically rented are now buying and demand is so great, estimates of Brazil’s property shortfall range between 5.6 and 10 million homes that prices are naturally and reasonably moving upwards.
Overall consumer inflation is expected to remain around 5.5% in 2012, according to market forecasts compiled by the central bank.

Fortaleza Real Estate – Properties in and around Fortaleza Brazil.

Jardins Iracema – Good apartments for living or investment

One of the most successful developers of Fortaleza, Engexata, just delivered its latest project Jardins Iracema. Located in the popular neighborhood Iracema with many restaurants and the cultural center in Fortaleza. Itis only 3 minutes walking from the beach. This neighborhood is will also in the future feature the new aquarium built less than 500 meters (546 yards) from Jardins Iracema. Aquarium will open in early 2013 and it will be the biggest in Latin America.

Beautiful ocean view apartments, fully equipped building (swimming pool, fitness center etc.), comfortable 72m2 (775 sq ft) apartments and 2 parking spaces. Excellent apartments for investment as they will be easy to rent out. Fortaleza Real Estate has a high demand for rental apartments.

Developer offers financing.

Contact Fortaleza Real Estate now and let us show you an apartment.

Rental income from apartments in Fortaleza

Are you looking for a good investment in Brazil?

We suggest you invest in apartments in Fortaleza for rental income purpose. We can almost guarantee you that we will find you a long term contract or if you are more interested in short term lease we can provide that too. Fortaleza Real Estate has a high demand for rental apartments.

Contact Fortaleza Real Estate and let us tell you more about investment possibilities.

Cumbuco Prime Land for sale

Fortaleza Real Estate are now selling the best property ever in Cumbuco. This absolute best beach-front property for sale in Cumbuco is facing the ocean right in the heart of the village of Cumbuco.

Measuring totally 3.092 m2 with 38,65 meters facing direct ocean-front. Fortaleza Real Estate have all documents for this property verified and in perfect order.

Seller is asking 2.1 million Brazilian Real.

Contact Fortaleza Real Estate for more information regarding this property.

Brazilian Real Estate

According to GoldenTree InSite Partners, a New York-based real estate private equity investment company, the Brazilian real estate is booming again after fizzling at the end of last year, as sales have rebounded in one of the best emerging markets. Launched two weeks ago, a 104-unit residential project aimed to middle-income families in Vila Carrão, in the outskirts of São Paulo, is a perfect example, pointed out Mr. Thomas Shapiro, president of GoldenTree InSite Partners. “We sold every unit in four hours”, Shapiro said, adding that his company has recently raised an extra $500 million to invest in Brazil. ”Brazilian real estate market indeed took a dip in the fourth quarter but has now gone up “substantially”, added Shaphiro.

Brazil has kept a low profile internationally in the past few months, he added. That was good for GoldenTree InSite to search for good investment opportunities, as local listed real estate companies were suffering with the stock market debacle.

Very few funds were raised for Brazil because they forgot the ‘B’ from the BRIC countries,” Shapiro said, adding that the bulk of the available money went to India and China. “It was hard to find something with good fundamentals that was not outflown with capital,” he said. Shapiro said the fundamentals of the Brazilian economy looked better than expected for the year ahead and a stimulus package from the government has helped the real estate market heat up.

He discarded signs of a real estate bubble forming in Brazil, like the one that hit countries like the U.S. and Spain, according to GoldenTree InSite executive. “Brazil was never leveraged,” he said, adding mortgages represent only 2 percent of gross domestic product. “It could happen in the future, but I don’t see it happening today”, Shapiro said. That’s particularly true for the residential market, he said, in a country with an 8-million housing unit deficit. “Buyers of these units are not speculators,” he said.

In Fortaleza we have already been approached by US investors looking to construct so called “casas populares” popular homes. In general northeastern Brazil is growing and there is a huge demand for housing especially for the growing middle class. A Danish company is already acting in Fortaleza constructing houses and apartments for the middle  class.

Fortaleza Real Estate – Property in Fortaleza Brazil

Property investments in Brazil

Investors are advised to look at property for sale in Brazil because of the country’s strong economy, according to an expert.

James Gonzalez, market analyst at Obelisk Investment Property, says that the country is “stable” under the leadership of President Luiz Inacio Lula da Silva and says the economy is “thriving” as the exports grew by nearly 15 per cent last month and people have the confidence to spend money. The Economic Commission for Latin America also reported that the country’s stock market registered a healthy trade surplus of $3,700 billion (£2,456 billion). Mr. Gonzalez has said that this tendency looks set to continue for the rest of the year, which is likely to be good news for Brazilian property investors

Paulo Wrobel, from the commercial section of the Brazilian embassy in London states that South American nation is likely to perform better during the recession than developed countries because the markets are “very robust”. Mr. Wrobel asserts that the regulations in place in Brazil are very strict for the last decade or so and the country has not seen the kind of turmoil experienced by other major powers.

He commented: “The construction is growing quite substantially but there was no madness in terms of lending for those without the capacity to pay.”

A consensus between analysts in the field of Latin American finances has found that Brazil and Mexico will be the healthiest economies in Latin America in 2009, Property Abroad reports. Property investors in Brazil will also experience a stronger-than-average drop in inflation, the magazine asserts.

Meanwhile, Brazilian property investors could be interested to hear that Mr Meirelles, the president of the Latin American nation’s Central Bank predicts the economy will grow at a rate faster than the global forecast of two per cent.

Fortaleza Real Estate

Property investments and growth in Brazil

Investors are advised to look at property for sale in Brazil because of the country’s strong economy, according to an expert. James Gonzalez, market analyst at Obelisk Investment Property, says that the country is “stable” under the leadership of President Luiz Inacio Lula da Silva and says the economy is “thriving” as the exports grew by nearly 15 per cent last month and people have the confidence to spend money. The Economic Commission for Latin America also reported that the country’s stock market registered a healthy trade surplus of $3,700 billion.

Mr. Gonzalez has said that this tendency looks set to continue for the rest of the year, which is likely to be good news for Brazilian property investors. Paulo Wrobel, from the commercial section of the Brazilian embassy in London states that South American nation is likely to perform better during the recession than developed countries because the markets are “very robust”. Mr. Wrobel asserts that the regulations in place in Brazil are very strict for the last decade or so and the country has not seen the kind of turmoil experienced by other major powers. He commented: “The construction is growing quite substantially but there was no madness in terms of lending for those without the capacity to pay.”

A consensus between analysts in the field of Latin American finances has found that Brazil and Mexico will be the healthiest economies in Latin America in 2009, Property Abroad reports. Property investors in Brazil will also experience a stronger-than-average drop in inflation, the magazine asserts. Meanwhile, Brazilian property investors could be interested to hear the president of the Latin American nation’s Central Bank predicts the economy will grow at a rate faster than the global forecast of two per cent.

Fortaleza Real Estate

Dream Beach Cumbuco Apartment for sale

This luxury apartment is painted in yellow/brown on the outside, and white inside. The apartment is newly refurnished and has a lovely sea view where one can enjoy the sun set from the terrace. The living-room has a table, two seat-er and three seat er sofa, dining area with table and seating for 6 persons, three bedrooms with private bath and terasse with sea view on both sides of the house.

This apartment is for sale – PRICE 1.645.000 NOK Norwegian Crowns

Rental price per day is BRL 300.00 for longer period price can be negociated.

Dream Beach Cumbuco - Apartment For Sale

Kitchen:

Dream Beach - kitchen

• Very well furnished and complete kitchen equipment. Refrigerator/freezer
• gas oven
• water cooler and electric appliances you would expect from a high standard kitchen

Dream Beach - bedroom

Bedroom Equipment/Inventory

• Each bedroom has a King-size bed
• wardrobe and a silent operational air-conditioner with remote controls.

Dream Beach - bathroom

Bathroom Equipment/Inventory

• Each bedrooms has private bathroom with shower
• sink and WC. One of the bath has equipment for handicap people. (look at the photo)

Dream Beach - livingroom

Livingroom Equipment/Inventory

• Coffee table
• two seat-er and three seat-er sofa. Dining area with sideboard
• table and seating for 6 persons. TV
• stereo
• two TV chairs and table.

Dream Beach - veranda

Extra Equipment/Inventory/Items

• Terrace furniture: Sofa
• two tables
• 6 seats
• one sundeck chair
• two double hammocks and grill. Laundry room with washing machine and cloths drying facilities

Not included in price

• Cleaning every day is not included (you may order a maid that will clean and do the dishes everyday for a small fee)

Included in price

• Cleaning once a week
• Satelite TV and wireless network is included.

The administrator on Dream Beach takes care of our guests and makes sure that the stay is as perfect as expected. Information folders are available in each apartment, describing indoor equipment usage and what to do and see in the area.

At the center of the village is the praçinha (town square). Surrounding this are many shops, snack bars, restaurants, small supermarkets

We have no less than 7 pools in and around the property, one main pool, and 6 pools for kids or adults that just want to relax in 2 feet of water with refreshment in their hand.

Property investment potential

Today Brazil ranks as the 13th largest economy in the world, following a recent boost in GDP. And such growth is set to continue, with the nation’s economy predicted to become the fifth biggest on the planet by 2035. Such figures bode well for investors and, when coupled with the fact that rental yields in tourist destinations range from between six and 12 per cent, Brazil looks like a sure bet.

However, many investors are choosing Brazil for potential capital growth. Some areas of North Eastern Brazil, especially around Bahia, are currently attracting as much as 20 per cent annual capital appreciation – and other areas are expected to rise at a healthy rate too.

In addition, investment syndicates are well provided for – as up to ten names are allowed to be registered on the title deeds – meaning that you may be able to get on the Brazilian property ladder for even less than you bargained for.

Fortaleza Real Estate – Property in and around Fortaleza Brazil