Welcome to the forums Felipe and good luck with your purchase. I'm actually supposed to go past the NOC site on Monday afternoon - lovely part of the state.
Average price per m2 for say 3-4 star prime example is Sol Do Atlantico resort, 3 star, completed, walking distance to beach, good facilities, good quality build selling at approx £1200 per m2 or the Praia bonita beach & Lagoon 4 star resort, almost completed, good facilities, good quality build apartments selling at approx £1400 per m2. The big difference between these properties and the Natal Ocean Club is the premium 5 star quality and branding with the hotel operator onboard, award winning design etc..The rental rates at Natal Ocean club will start from $400 per night..Properties like Sol Do Atlantico have good potential for capital growth as it is prime beach location, but you can't expect a huge rental income you would probably only get a rental of about £250 per week...
You make some valid points Navara, and they do need to be questioned.Dumb because these foreign investors are over paying for properties in Natal. Natal is nice and its growing but there are lots of sleezy agents and developers out there...all these sleeze backs are hyping things up and they always get some rich sucker from other parts of brazil or a sucker from foreign country. There are so many properties for sale and rent and ridiculous prices....some of them are still in the market after 1 year. SO many greedy sellers trying to find a dumb foreigner...if you are smart and look at the right places you can find properties int he exact same locations for fraction of the price or the real market price.
Natal will soon have a sewer probelm and lots of these builders are breaking the federal and municipal laws and some of the projects will be delayed...its already happening since 5 years ago....
Sure the city is growing but the building and houses are popping up at much higher rate.....the supply is already far greater than demand but these sleeze backs are hiding the facts with hype and still finding suckers.
Isn't that a contradiction in itself. If you are selling for a fraction of a price doesn't that "fraction" become the real market price? A real market price is of course the price the market will pay. Maybe I just read it wrong on second view and now agree with the point you are making"if you are smart and look at the right places you can find properties int he exact same locations for fraction of the price or the real market price."
I didn't know you started the thread (wasn't paying attention to the poster names). My grammar/spelling may also be very bad...You make some valid points Navara, and they do need to be questioned.
I am one of those 'suckers' you speak of. I am also the one who started this thread, so it is easy to manipulate people like myself....and others.
I for one have actually been there, I will reserve my views, and still am yet to meet someone who has actually bought there.
Most people here are other agents, or people who have terrible grammar and bad spelling.
Have you bought there?? If not, why are you so concerned?? If you mean well , that is fine, your heart is in the right place, but you may just have allot of "nothing" to say, really!!
Have a think about "suckers" like me, who actually has invested and is riding this through, we don't really need people speculating and enticing doubts amongst us.
Any now this has become a Leviathan this thread and I certainly don't take to much advice from it no more, but for those here who are printing money from bricks and mortar and comment on these sights, continue doing whatever it is that you are doing, cause it must be working.
Summarizing, there are problems happening in NOC/NRC let the investors, Lawyers, Developers bat this one out......I am sure it will be what it becomes, I hope for all involved it is a success in some way...take care.
Isn't that a contradiction in itself. If you are selling for a fraction of a price doesn't that "fraction" become the real market price? A real market price is of course the price the market will pay. Maybe I just read it wrong on second view and now agree with the point you are making
Sounds nice mate, good luck.I didn't know you started the thread (wasn't paying attention to the poster names). My grammar/spelling may also be very bad...
Anyways, I haven't purchased anything in Natal yet. I am moving to Natal next week. Will be renting a place for the first year and then i am planning buy some land and build a house in a good area. I am building this for myself, not to rent it out or as an investment....it is going to be my house.
I have been doing a lot of research for rentals and buying and from what I understand the best bet is to go there get a temporary place to stay and get everything done in person rather than over the internet.
Whenever I tried to ask something related to rentals or buying, all these agents who represent properties in Natal would hype Natal up. Others who represent properties in cities like SJ, Maceio etc would talk down Natal and hype their locations up. But I am not stupid....thanks to some insights from others. I am guessing if you got sucked in, it was most likely few years ago because these forums weren't big back then to warn others. This forum and few other forums have many agents pretending to be a client and posting positive feedbacks about their investments. There are many empty houses and apartments/condos that are only 30% full (sold)...don't believe the hype.
There are so many agents out there who would paint this image as if they are trying to act in your best interest but they are all very sleezy. My wife's brother is in Natal and he checked out lots of places and sale/rental signs and he told me that there are bunch of places available. He looked at places that are right beside some of these over priced ads on the internet and these places cost way less (in other words the real market value). Natal is not Rio or SP in terms of real estate value, yet these agents beg to differ.
Finally if you started the thread, you should see if you can edit and add another option to the poll...(less than $2000). But again, its most votes would be from the agents. Like i said, do everything in person. Don't trust the internet.
About this Poll:Finally if you started the thread, you should see if you can edit and add another option to the poll...(less than $2000).
O preço Médio por metro quadrado em Natal.