Turtle Bay. I evaluated this development when it was first launched nearly 12 months ago.
It initially appears attractive though when the numbers are crunched, it rapidly loses its sheen and is essentially a triumph of marketing over substance.
The eco concept is excellent and very much in tune with contemporary thinking ,though in practice, this is very much a diluted version.
Turtle Bays only real claim to eco credentials is the use of local materials and a health spin which does little to differentiate it.
There is no utlisation of wind power or solar energy for example ,so no low maintenance /zero energy advantages which are associated with a true Eco resort.
Land plots from...is also misleading.The average price for a reasonable onsite location is 28K to 30K uk pounds for a 500m2 plot.At 58 pounds per m2 for non beachfront in a marginal location that is expensive.Plots at the front are well over twice that price.
The payment plan represents an innovative way to spread costs,though construction costs quoted are bordering on extortionate and if the model elevations are indicative of the final product it looks quite a simplistic and inexpensive build.
Also watch out for the small print in the contract which often accompanies a project of this nature-namely their right to apply indexation price increases.
Be mindful also of the wider picture.The area is awash with plot deals including The Plantation marketed by Colliers,Belmonte Residences etc-with more on the way too apparently.
What is the exit strategy and rental income potential in a circumstance where 1000's of plots are on sale-either from developers or owners who subsequently find that build costs have escalated due to the the continued strength of the Reai.If you do not build within a predetermined period you will be penalised via a substantial fine.
How accessible is the site?
The nearest International airport is 400 miles away at Salvador.
Porto Seguro is basically a regional airport which principally accomodates internal flights and cannot be extended due to the local topography.So from the U.K. ,factor in 13 to 14 hours flight time,plenty of down time( waiting for a notoriously unreliable internal flight),a plane change and over an hours drive from Porto Seguro to the development itself.
The Brazilians who touch down from Rio or Sao Paulo basically head South for Trancoso, not North to Belmonte
IMHO there is far better value to be obtained in Fortaleza or Natal -the N.E of Brazil "proper"so to speak.
More accessible,shorter flight times,(Belmonte is 1,000 miles South of Natal-in terms of weather think North!)more stable year round climate,more choice,keener prices.