R
robh
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The holiday/second home market is still doing pretty well, but it is all about location.Agreed Rob- the market is changing and my main client type is now the real investor as opposed to the holiday home buyer. We have many good lands suitable for building 'popular houses' that can be bought by Brasilians with a mortgage of up to 30 years. Agreed the areas of urban expansion is in Nova Parna***m, Parnamirim, Macaiba, Nova Natal etc. Yes there is a good profit to be made in developing these lands. Prices of land are shooting up, but there are still some very good buys for the shrewd investor. We also have some very good working Fazendas at really low prices that will give an income return from crops, cattle etc, even after all costs are taken out. eg 45 hectares just 10km from the ew airport for 300k R$, 221 ha. cattle, 50ha of Capim Pangola for 700kR$. Many more too.
We just got a villa on our books today for around £850k which we expect will be sold very quickly, we are consulting on a development that is coming up where all the villas are around 800k€ plus, the architect hasn't even finished the plans, let alone applying for planning permission and a few of the villas are reserved already!