P
paddy1971
New Member
Hi,
I would be intersted in hearing from anyone who has purchased a property or knows the above developer. I have investment properties all over the world and my strategy has been to buy from reputable developers who offer incentives or guaranteed rent.
To date Brazil is the only place, I am having a problem, being outshined by countries including India, Malaysia, Poland, Morroco, Germany and Thailand, all of whom are pushing Foriegn investment.
Sun Towers sells itself on Dubai style living, made up of three towers it is on the outskirts of Natal, and 2km from Ponta Negra Beach.
The deal was a 5 year rental yield at 5%. My apartment was completed in August last year when the yield was supposed to begin.
I have contacted my lawyers Manzares and the Developer on several occasions, but to be honest - they appear not to care less. The UK agent is no longer around which is expected, but these guys would be no help anyway.
My intention now is to post this thread on a number of forums, and I have already recommended friends and family who are looking to invest not to buy in Brazil, and to look at the countries above.
If anybody has any info, suggestions, or rental agents who would feel they would be able to obtain a good yield on this 2 bedroom property with garage, please contact me.
I am not looking to pull out for a while, so future big revenues for the world cup would be there - I cannot believe this developer has missed that opportunity but hey - ho.
Look forward to hearing from you.
I would be intersted in hearing from anyone who has purchased a property or knows the above developer. I have investment properties all over the world and my strategy has been to buy from reputable developers who offer incentives or guaranteed rent.
To date Brazil is the only place, I am having a problem, being outshined by countries including India, Malaysia, Poland, Morroco, Germany and Thailand, all of whom are pushing Foriegn investment.
Sun Towers sells itself on Dubai style living, made up of three towers it is on the outskirts of Natal, and 2km from Ponta Negra Beach.
The deal was a 5 year rental yield at 5%. My apartment was completed in August last year when the yield was supposed to begin.
I have contacted my lawyers Manzares and the Developer on several occasions, but to be honest - they appear not to care less. The UK agent is no longer around which is expected, but these guys would be no help anyway.
My intention now is to post this thread on a number of forums, and I have already recommended friends and family who are looking to invest not to buy in Brazil, and to look at the countries above.
If anybody has any info, suggestions, or rental agents who would feel they would be able to obtain a good yield on this 2 bedroom property with garage, please contact me.
I am not looking to pull out for a while, so future big revenues for the world cup would be there - I cannot believe this developer has missed that opportunity but hey - ho.
Look forward to hearing from you.