Introduction
If you think Brazil is all Mardi Gras and beach volleyball, think again. Brazil is one of the BRIC countries and its economy is forecast to grow and grow. Goldman Sachs predicted that these countries offer “fantastic opportunities... spectacular potential”. Brazil’s President is undertaking a strict economic programme to bring down inflation, interest rates and improve inward investment. There are a million millionaires in Brazil and the middle class is growing and becoming wealthier, pushing up demand for land and property.
Our land plots in Brazil are extremely competitively priced and prices start at just £15,070 for a plot of 360m². That’s an amazing £41.9 per m² for land with planning permission in a beautiful location in Brazil’s favourite holiday destination, Bahia. The site is minutes from the 16th century town of Belmonte. It is an hour from Porto Seguro whose airport connects the area to the major cities of Brazil and beyond. Bahia is where the locals go on holiday and will also want to buy land.
Land on the same site as ours is currently being marketed by other agents at a higher price. We are getting a guaranteed discount of 11% - and the other agents’ land is selling fast!
There’s more - we have managed to secure finance in a country where it is impossible for foreigners to do so. The interest rate in Brazil is currently a rather steep 22%. We can offer a non-status mortgage on this land at 9.9% over a ten-year term. With a 30% deposit payable, that means you can secure yourself a piece of land in Brazil for
just £4,521.
One last thing – we are offering the option to reserve other plots on the site for £500 for each additional plot, which locks the price as it is today, but you don’t have to pay for it for a year! Mortgages are also available on these optioned plots.
So if you want your own piece of paradise in one of the world’s most exciting economies, give us a call.
Warm regards,
Alise and Jonty Crossick
Deal highlights
Affordable Prices from £ 15,070, only £4,521 Deposits
For this price you can buy a 360m² land plot in Brazil’s favourite holiday destination of Bahia. The land is on a seafront site of over 168 acres. Adjacent to the town of Belmonte, the land is well-connected and is within minutes of excellent amenities. It already has outline planning consent.
11% Under Market Value
Land on this site is being marketed through leading agent Colliers, but at a higher price – we have secured a 11% discount to these prices. Other market comparables bear our discount out and demonstrate that our land is priced extremely competitively.
Non-Status Finance Available
It is extremely unusual to be able to get financing for land purchases and it is almost impossible for foreigners to get mortgages in Brazil for property or land. The interest rate for locals in Brazil is a high 22% but we have negotiated with the developer to provide you with non-status mortgages at a rate of just 9.9% over a ten year term. This is a unique financial offer and you will not find a better deal in Brazil elsewhere.
Option ot Reserve Further Plots at £500 each
Investors at The Plantation have the chance to option a further plot for each plot they buy now. This reserves plots for future purchase in 12 months but freezes the price. Options cost £500 per plot and are non-refundable.
BRIC Predicted to Enjoy a Great Economic and Capital Growth
Brazil is one of the BRIC countries (Brazil, Russia, India and China). Goldman Sachs predict that these countries’ economies will grow to overtake today’s big economic superpowers. Market projections for 2007 GDP growth are currently between 3.4% and 3.8%, based principally on the continued strength of the consumer market and exports. The government, however, says it sees potential for 5% growth. (1)
“Brazil is home to a staggering million millionaires”
Tourism Growing Rapidly
Significantly for investors, the Brazilian tourist market is currently dominated by 90% domestic tourism2. However currently 4.7 million foreign visitors visit Brazil every year, including many Spanish and Portuguese. The government’s National Plan for Tourism, among other activities, has plans to raise this to 9 million. Bahia is the number one spot for both the domestic and foreign markets and the state government has planned investments of US$2.2 billion into the tourism sector by 20103.
Beautiful Beach Front Land
The Plantation is only a ten minute walk from Belmonte – a charming old town dotted with beautiful colonial villas and good amenities. It has bars and restaurants, schools, a hospital and good transport connections. The beach is five minutes’ walk from The Plantation. The land is part of a gated community, much sought after by potential holiday makers or buyers.
Exit Strategy
The international jetset and richer locals are certainly the primary market for onward sales. However the middle classes in Brazil are growing rapidly, and as the mortgage market improves and interest rates drop, their buying power will greatly improve. Land or property that is in Brazil’s favourite holiday state will be even more in demand. The developer is offering a selection of optional villas at set build prices for investors wishing to build on their plots.
1. www.braziltradenet.gov.br/frmBrazilTradeNet.aspx
2. www.brasil.gov.br/ingles/economy
3. www.setur.ba.gov.br/