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Development of the Natal coastline

Discussion in 'Brazil Property' started by robh, Apr 23, 2008.

  1. robh

    robh Administrator Staff Member Premium Member

    Dotty,

    Aren't you involved in a group that is concerned about the development of the Natal coastline? I have heard you mention it a few times so would be interested in hearing more....
     
  2. JMBroad

    JMBroad New Member

    As I mentioned several times before - I studied environmental ecology.

    If Dotty really is an environmentalist concerned about the welfare of the Natal coastline I am extremely disappointed in the quality of the arguments which she is coming up with.
     
    Last edited by a moderator: Apr 23, 2008
  3. Dotty

    Dotty Banned

    I am not part of an environmental group but major concerns with the larger projects has been of great concern to Brasilians(you would be surprised how much they care about their land )and to all lthose living in Brasil. You will find that every building project wiil be held up because of ambiental issues.Brasilians and people living here are extremely worried about the terrible impact such constructions have on the natural environment,waste issues,pollution issues,flora and fauna ,etc.A few years back you could practically build as you wisHed but today Brasil is one of the leading countries in environmental issues(relating to global warming 4th I believe,so yes 3rd world in many ways but 1st world in others.For those that know Brasil that have travelled know the dangers of losing such landscapes,so you do not need to be a specialist in environmental issues just absorb whats going on AROUND .
     
    Last edited: Apr 23, 2008
  4. JMBroad

    JMBroad New Member

    That's a very good thing for long term investors considering Brazil, not a negative thing in any way, shape or form.
     
  5. FCZ

    FCZ New Member

    More $ coming

    It was published today at thenational.ae:
    "A Brazilian investment bank will begin operations in Dubai in the autumn to capture part of the region’s capital destined for emerging markets.

    Large institutional investors in the Gulf have been shifting their interest and capital from the weakening economies in the US and Europe to take advantage of the growth in the East. Itaú Securities, the investment banking arm of Brazil’s second largest lender, plans to divert some of the region’s cash into Brazilian debt, stocks, private equity, real estate, and infrastructure sectors. Thomas DeCoene, the New York-based president of Itaú, said institutional investors in the GCC had been active in a number of initial public offerings (IPOs) last year, and were looking for more opportunities in Brazil.

    “We will bring all Brazilian IPOs here,” Mr DeCoene said. The company is currently offering investors in Abu Dhabi a stake in a US$1.4 billion (Dh5.1bn) equity offering in a steel producer. Brazil is also seeing increased local appetite for biofuels, tourism, and property...

    The scale and depth of these markets make the country naturally attractive to the massive pools of cash available in the GCC." (GCG = Gulf Cooperation Countries).
    _____
    It is estimated that Just Abu Dhabi Investiment Authority has funds around 900 billion dollares; Dubai authority around 500 billions.

    By the price of one bed ap. in Dubai it's possible to buy a 3 bedrooms Villa in Brazil. It fits those who like party/sensuality & those who prefer a peaceful place (huge coastline). July-August in Dubai reaches 50C and it is at least 7 hrs flight from Europe. Shopping is better in Dubai though.
     
  6. robh

    robh Administrator Staff Member Premium Member

    I am not sure you described the heat of Dubai in summer properly, you forgot to mention the extreme humidity and that at 50c it feels like someone is burning your skin off with a blow torch ..... :eek:

    Anyway here is some more on Arabs in Brazil: Arab investors are looking for Brazilian opportunities : Brazil Property News
     
  7. FCZ

    FCZ New Member

    Yeap, I cannot imagine tourists here during the Summer. But at least I don't have any more headaches, we sort of get used to it. Now, with any minor temperature drop, I easily get a cold...:(
     
  8. Dotty

    Dotty Banned

    It actually sounds more like a marketing ploy having just discovered the possibility that there is a rather large amount of petrolium at the bottom of the ocean.Now there is a common link.
     
  9. Golfingworld

    Golfingworld New Member

    Well if you read a recent article in The Sunday Times it says that The UAE, particularly Dubai is very heavily geared and that their miracle boom is also dependent on the growth of their property market. Dubai, has little oil reserves now and there is no evidence that their financial status canbe guaranteed if there is a drop in property investment. But, what they have been exceptionally good at, in fact everything that brazil isn't good at, is creating Dubai as a transit hub between the Far East and Australasia and Europe. They have also very cleverly invested in airline routes from regional cities such as Newcastle and Glasgow from the UK through Dubai to onward destinations so as to steal traffic from other hubs like Haethrow, Gatwick, Schipol, Paris and Frankfurt etc etc....everything that Brazil seems unable to comprehend who continue to focus their flights through Rio/SP which are by no means practical or economic hubs for South America. Until such time as Brazil realises that their restrictive airline controls are inhibiting the growth of other regions there is no real future for a miracle boom like Dubai has experienced and others such as Qatar, Bahrain, Muscat and Abu Dhabi are attempting to follow. Most foreign property development and investment, which is what this forum is about, is centred in Brazil between Salvador andFortaleza and the stupidity of the Brazilian government has done nothing to ease the transit inbound and through to these areas or beyond. So we can all talk forever about oil or a few Sheikhs investing in Brazil but the reality is that Dubai is a case study of how to turn a dust bowl into a cross between Singapore and Las Vegas without using rocket science..until the Brazilians work that one out..there aint going to be any boom in NE Brazil, oil or not!
     
  10. FCZ

    FCZ New Member

    Dubai is a very interesting case. A mid-sized city ruled by a family that can run it like a private enterprise, and it is. If a decision is made to to build something, it can be done with a finger snap even if it means to kill an entire coral reef; no one would dare to say a thing. If a particular project fails, no problem, still plenty of money available to try something else. Stopovers explain mostly hotels and shopping malls, houses have a good deal of buyers from expats working in the booming economy, including the free zones & speculation; the oil rich Abu Dhabi adds fuels on it. I can easily buy a property here borrowing $, though in my view beyond my budget. Credit here is so abundant that banks harass people to get loans. Real interest rate is negative around -10%, dirham undervalued and real overvalued, does not look very interesting for a down payment in Brazil, but a loan for future installments is ok. But I’m not up to this sort of thing.
    By no means NE of Brazil can resemble the success of the Dubai hub, NE is meant for other type of tourism. And I’m certainly one of those highly critic of the way the Brazilian government handle things, also true for traffic controls and restrictions, well pointed out. But looking back few years, seems that things a moving in the right direction, with delay or not, the new Natal airport is one of them. Additional capital flowing in for one of the most, if not the most, promising emerging economy is another good signal, including a piece of the abundant cash from the Middle East. At the end, interpretation of signals is a subjective thing, some might be more skeptical, some more optimistic. I’ve no problem with that.
     
  11. Dotty

    Dotty Banned

    The enormous storm yesterday in Natal flooded all through the city and coastline.The roads soon clogged up with 1 meter of rain,roads closed,electrcity down,amenities quickly closed down,clinics,schools and shops.The hugh flooding was caused by very poor sanitational infrastructure and extremly poor planning.It just never seems to amaze me of the governments inablity to work things out.The prefeitura are charging 25,000,000 million reais to pavement the roads in Campio Macio but they just cannot seem to work out that they need to put drains and sewers inplace aswell.The building work has naturally contributed to this devastation as there is nowhere for anything to go,so what you have now when it rains heavily is a rather unpleasant small and a total chaos and it is only a small city!
     
  12. FCZ

    FCZ New Member

    Run Dotty, run! Please, get a bucket of water and throw some over here, we need it...badly!:)
     
  13. Dotty

    Dotty Banned

    Where the UK??
     
  14. FCZ

    FCZ New Member

    United Arab Emirates.
     
  15. Dotty

    Dotty Banned

    Went for a long drive over the weekend and noticed rather a large amount of empty properties on small condos all along the South and North that have been finished for well over a year or 2 and they all still remain empty and abandoned .Enquired about the prices of a development that was finished a couple of years back,the price is still the same,the beach properties all looked pretty weathered and in need of a good clean and repaint.I wondered where were all the buyers if any out of interest and the coast was deserted.Try to figure that out because I have been here a good few years ??
     
  16. robh

    robh Administrator Staff Member Premium Member

    Where did you go Dotty?

    Where was the development you asked the price of?
     
  17. Dotty

    Dotty Banned

    Up and down the coast Rob.Take a look you will be surprised how many are totally vacant without any movement at all.Look at the weathered buildings in need of painting and faded wood (condos)and for sale signs and go and enquire as I am not as familiar with the names of the condos as yourself.They will be able to give you the price at the porteria and they are not going up!
     
  18. michaelbush

    michaelbush New Member

    Could you please answer the question that Rob asked you. Not too difficult is it? Which particular development did you stop and ask the price and what research have you to substantiate your claims re price movements.
     
  19. robh

    robh Administrator Staff Member Premium Member

    Where up and down the coast????
     
  20. Dotty

    Dotty Banned

    Rob if you go North and South you will come across various empty condos.Go to the portoria and get the price.There should be people in them but there are not!And as it has been almost 1/2 yrs there should be!So when I say that things do not sell as well as you may think they do they actually dont!I do know what I am talking about and the prices are the same as pre la.Ok.It is so annoying.Now I have Micheal nit picking.Researching is the key.I do not advertise for agents so I cannot name them ,sorry.
     
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