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banana resort cumbuco fortaleza

Discussion in 'Brazil Property' started by olicombet, Jun 8, 2007.

  1. olicombet

    olicombet New Member

    hi
    me and a friend have just bought one unit each in phase one
    is anybody interested, we can chat!
    cheerio
     
  2. Dick Dawson

    Dick Dawson New Member

    banana resort cumbuco

    I don't know this resort. Where can I find out more about it?
     
  3. deedee1

    deedee1 New Member

    Re: Property?

    :) Hi all,

    I think its called banana residential in brazil isnt it??
    Google it and some info should come up!

    See ya D :)
     
  4. olicombet

    olicombet New Member

    hi 2ks away from cumbuco
    35 ks north of fortaleza
     
  5. Dick Dawson

    Dick Dawson New Member

  6. wolfgang

    wolfgang New Member

    Banana Residential Club Forteleza.

    There are only 100 units in total and well over half of these have already been sold in just over 3 weeks.
    Apparently there is a 15% price increase scheduled for the end of this month.
    I have already carried out a lot of research in respect of this opportunity and will be visiting N.E Brazil within the next 4 weeks to check out the area etc.Shall post pics on my return.:)
     
  7. olicombet

    olicombet New Member

    banana resort

    i will be there myself in 10 days
    my house will be completed in May 2008, also will my friend's be, plot next to mine
    i will post pictures as well
    olicombet@hotmail.com
     
  8. olicombet

    olicombet New Member

    hi there
    checked marcelo ruiz comments on another thread
    and wonders why i was then asked to pay in euros in europe
    anyone knows if this is legal and what are the potential risks?
    cheerio
     
  9. wolfgang

    wolfgang New Member

    Did you make the payment direct to the developer or via a solicitor?
     
  10. olicombet

    olicombet New Member

    hello

    wolfgang
    i sent the money (reservation fee) 1 000 euros to the madrid based sales company's sollicitor and i am now wondering if paying 100% in euros in europe is safe and allows to get all my money back if i want to re-sale in a near future
    i read somewhere this was not the official way to proceed but need to know if can be done anyway
    cheerio
     
  11. andyk2

    andyk2 New Member

    Deposits at Banana Villas

    Hi Oli et all. The reservation deposits are going to either Legalex or Manzanares, where they are held in Escrow (ie perfectly safe). They stay there until contracts are signed and balance of deposits are paid. Thereafter, all the money is transferred to Brazil and registered with the Brazilian Central Bank. This is to ensure that the amount shown on the escritura is the same as you are paying for the property.

    Please pm me if you want me to call and talk this through.

    Andy
     
  12. olicombet

    olicombet New Member

    Hi Andy thanks a lot
    so in that case i guess there is no risk at all and that i can re-sell at a later stage complying with brazil laws and being able to retrieve all my money back?
    thanks for your help
    olicombet@hotmail.com
     
  13. andyk2

    andyk2 New Member

    Absolutely right

    Spot on Oli. As long as the money is registered as entering Brazil (which it will be after contracts are signed), there will be no problem taking the money out.
     
  14. olicombet

    olicombet New Member

    andy
    cheers and thanks
     
  15. wolfgang

    wolfgang New Member

    Better still,why repatriate at all?
    I am using the acquisition as leverage onto and up the Brazil property ladder and intend to reinvest the future proceeds in a more expensive up market property thus avoiding C.G.T.
     
  16. olicombet

    olicombet New Member

  17. olicombet

    olicombet New Member

    hi all
    i was there in order to have a site visit at cumbuco banana resort
    it looks ideally located 1/2 hour drive to fortaleza, 2 ks from lagoon and 4 ks from cumbuco beach
    i am about to confirm a plot that i booked in phase one
    more information? contact me!
     
  18. newkidontheblock

    newkidontheblock New Member

    does anyone know the latest regarding this development. looks good value for money in a nice location. limited availability though
     
  19. ady1231

    ady1231 New Member

    I think you guys got a very good deal. Now they are selling for 120K Euros.

    One other option, is to buy a plot of land, closer than banana residence, and build a villa your self. 450 sqm plot 300m from the beach is for about 25000 usd!
     
  20. newkidontheblock

    newkidontheblock New Member

    yes it does seems like a good investment. Any ideas how many are left to sell as as pre christmas they were selling fast
     
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