Find out what’s happening in the property investment arena both in the UK and internationally
Brazilian Apartments in ‘City of the Sun’
August 4, 2010Article by Ray Withers
Two-Thirds Sold – Initial Investment of £14,500 – 6% Net Returns Guaranteed
Edificio Dr Geraldo Furtado is an exclusive development of 86 apartments by the award winning Grup Immobiliari. The block is situated in the upmarket Petropolis district of the city of Natal, capital of Rio Grande do Norte in North-Eastern Brazil. Natal is known in Brazil as ‘Cidade do Sol’ or ‘City of the Sun’.
The apartments have been selling extremely quickly and demand is high. However a third of the units are still available at 20% below market price.
Outstanding Features Include:
- Instant Gain of 30% on completion
- 6% Guaranteed Net Yield for first 4 years
- Price held at 20% below market value
- Initial investment as low as £14,420
- Previous Grup Immobiliari developments have doubled in value
This is a rapidly expanding economic area with enormous potential for further growth – a geographical and cultural gateway to Europe, North America and West Africa. Tourism is growing and Natal will soon have the largest airport in South America.
Natal’s burgeoning middle class is expanding rapidly and fuelling demand for high quality affordable housing. In Brazil as a whole, there is a chronic under-supply of 8 million residences – estimated to grow to 28 million by 2020! Nowhere is pressure more intense than in the North-East and now is certainly the time to invest in this area of Brazil.
Notes to Editors
For further information or interviews, please contact Property Frontiers on +44 (0) 1865 202700.
Property Frontiers is the only company dedicated to supporting investors in the world’s most investable property markets and concepts. Our mission is to research new investment opportunities, to educate and inform about all aspects of the international property markets and to support our clients at all stages of the investment process.