An Ideal Emerging Market in Northeast Brazil
According to the International Property Investment Network (IPIN), studios and two bedroom apartments at Sossego Bay in the state of Paraiba, represent excellent value for money and strong capital growth potential. Despite northeast Brazil already being famous as a booming real estate destination, property in and around the state capital, João Pessoa, is still a lesser known commodity. This gives the area emerging status, while tapping into the infrastructure benefits the hot spot of northeast Brazil has to offer.
(PRWEB) April 11, 2008 -- According to the International Property Investment Network (IPIN), studios and two bedroom apartments at Sossego Bay in the state of Paraiba, represent excellent value for money and strong capital growth potential. Despite northeast Brazil already being famous as a booming real estate destination, property in and around the state capital, João Pessoa, is still a lesser known commodity. This gives the area emerging status, while tapping into the infrastructure benefits the hot spot of northeast Brazil has to offer.
Stunning beachfront studios and apartments at Sossego Bay offer low prices (from GBP 19,950) and strong predicted growth (20-25% p.a.). Investors are also pleased to be just 30 minutes from the nearest international airport.
The beauty of this investment is that IPIN have negotiated for prices to be fixed for the month of April in GBP, which therefore creates additional discount on already very low prices, due to the increasing strength of the Brazilian Real.
Prices in this region are still lower than in the more established resort areas of northeast Brazil, while a strong tourist infrastructure is already in place, including a conveniently near international airport at João Pessoa. In addition to lower prices, investors and holidaymakers are treated to breathtakingly beautiful beaches, un-spoilt dunes and coral reefs. There are many other local attractions nearby, including an array of shopping malls, an aquatic park, water sports facilities, sightseeing tours and many restaurants.
Sossego Bay is a low density development consisting of only 23 apartments: 5 studio apartments and 18 two bedroom apartments. Prices range from just GBP 19,950 to GBP 22,950 for studios and GBP 37,950 to GBP 42.950 for two bedroom apartments.
Situated next to a river mouth and a small lagoon, ideal for swimming, this development is in an enviable, south facing position, right on the beach. Sossego Bay comes with all the amenities you would expect from a modern complex of its kind, including quality granite and wooden finishing, 24-hour security, swimming pool, as well as vital on-site maintenance and rental administration.
João Pessoa is the capital of the state of Paraiba, and Sossego Bay's location just 30 minutes drive south of the city is in many ways ideal for those wishing to purchase investment property that is within easy reach of their initial arrival point in Brazil: João Pessoa has its own international airport at Castro Pinto and is also within 2½ hours drive of both the Recife and Natal International Airports, with connecting flights from Europe, making this development easily accessible for tourists and investors alike. Already TAP Airlines flies from London Heathrow and Gatwick via Lisbon or Recife to Joao Pessoa.
Bernardo Retana, Director of Investment Product and Development at IPIN confirms: 'The high growth rate of the state capital cities of João Pessoa, Natal and Recife means that this is a promising economic zone. The area of Sossego Bay is lucky enough to be boosted by an advanced and fast-growing tourist infrastructure, while property prices have yet to shoot up, making it ideal for today's investors.'
The Brazilian Transport Minister has announced an investment of R$1.7 billion to be made into the north eastern states of Paraiba, Pernumbuco, and Rio Grande do Norte, for road infrastructure improvements between cities. More funds are also being raised for the improvement of tourist amenities in Paraiba, all boding very well for timely investors in this area.
All discerning property investors realise the importance of taking advantage of the most lucrative real estate opportunities as soon as they arise, before they become common knowledge. The International Property Investment Network (IPIN) operated by www.Propertyshowrooms.com helps all types of investors in their quest to access up-to-the minute information on the very latest investment opportunities in the worldwide property market today.
###
|
