Nubricks Blog - Brazil emerging as a property development hotspot

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20 Jun 2006

Brazil emerging as a property development hotspot

Rio Grande do Norte

As Brazil makes its presence felt on the World Cup 2006 stage in Germany, it is also starting to carve out its place on the World property stage.

When it comes to overseas property these days it seems the world is a much smaller place with property buyers venturing further afield for a bargain investment property potential spurred on by more adventurous holiday destination options and undaunted by the trials and tribulations of the most basic of property laws.

The South American samba nation is an overseas property market offering some of the Rio Grande do Norte Coastlinemost beautiful landscapes in the world with pretty appealing prices to match. With a massive 7,500 kilometres of Atlantic coastline set against a backdrop of Amazonian rainforest, it is no wonder that Brazil has already established a strong Scandinavian tourism established through tour operators and charter flights flying to Natal’s Augusto Severo Airport in located 18 km away in Parnamirim. With less than over 1 million local inhabitants the importance of tourism in this area is paramount, prompting the regions authorities to invest heavily in infrastructure such as a new giant bridge to be completed at the end of this year which will open up access to the area. Long term plans include a new São Gonçalo of Amarante airport north of Natal, designed to be a new international travel hub to Brazil and South-America by June 2009.

Property prices are on the rise rapidly but still remain one-third of the price of comparable European real estate. Currently under the spotlight is the north-eastern ‘bump’ of Rio Grande do Norte where the virgin coastal areas of Fortaleza, Natal, Recife and Salvador are attracting investor attention. In particular the number of international tourists visiting ‘Sun Capital’ Natal is on the rise and new development investment is concentrated in Natal City or the more attractive Ponta Negra just a short drive away. Northern Ponta Negra is a promising resort hotspot with a good selection of restaurants, nightlife and small shopping malls serving the boutique homes and hotels located along its 4km long beach.

Buyers are lured by year round sunshine, a constant temperature of 30 degrees Celsius and no adverse weather conditions such as hurricanes unlike its Caribbean counterparts. The local area offers great diving in Maracajau, watersports, dolphin watching and of course beaches that are second to none.

Spanish property developer Grupo Sanchez has just launched the contemporary Elegance Ponta Negra, designed in a similar theme to its sister development on Spain Casares Costa offering buyers the idyllic combination of outstanding natural beauty and the comforts of modern urban life. Apartments distributed over five floors every property enjoys stunning views over the Morro do Careca dunes at Ponta Negras south end.

Elegance Ponta Negra

Elegance Lounge

Units range in size from 36 m2 to 54 m2 each enjoy a private open air terrace, kitchen and bar area as well as private storage room, garage and communal laundry room. Elegance Ponta Negra is set in over 1500 m² of greenery with leisure areas that include a recreation room, children’s game zone, barbeque and bar and pool area.

Set to complete in June 2007, prices at Elegance Ponta Negra start at 180.000R$ Brazil Real approx 62,913.16 Euros. Click here to contact us about this new development and don’t forget to include your telephone number!
Category: Brazil Property

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