Firstly, Bulgaria are not in the EU as far as I know! I am only passionate because I have been looking at Brasil for over a year now and to date I have been told unadulterated claptrap by everyone I have spoken to. Everyone to their own, we all make our choices. What I find unusual though is there hasn't been a stampede from developers to shoot me down in flames. Nor has there been one response to my cheap flights thread. This sends me a message and that is the claims made are highly optimistic and the facts are being used to "talk up" the location. I am a "cup half empty" merchant (no prizes for guessing that) and it has stood me in good stead in the past. I think the prices being request for 1st phases are ludicrous and this level of pricing will squeeze any gains for the early investors. Pricing levels have been set to take more margin at the beginning as they bear no relevance to the local market at all. I really don't think Natal is a good investment for "off plan" at these levels. I do think that anyone who buys a 2nd hand property in the right area will make a killing. The good news is that most foriegners don't want the pain of doing that and prefer the safety of the hype and an agent/developer that speaks their language. I don't think there is anyobody that has invested in Spain or Portugal in the last 4/5 years that has made real money, least of all off plan lower cost properties. The measure is not the perceived value, but cash in hand on a sale. I know numerous people with interest only mortgages who are treading water on the costas, just walk up any street in Torrevieja or Estepona and look at the forsale signs. What amazes me is why people believe the hype. I think that the overseas "off plan" property market is currently built on a dillusional dream that people need to believe as they have invested and they will go to great lengths to justify why they have't thrown away good money after bad. On the airline front I have been dealing with airlines for 25 years and have travelled a bit and know how they think and structure their routes. I am in absolutely no doubt that Natal airport will not become the hub you are thinking it will, certainly not for at least 15 years. I am also in no doubt that charter airlines, be it from Spain or Scandinavia or UK will not want to make spare capacity to fill empty off plan apartments. Low cost airlines, will not start flying to Brasil, their is too much time inthe air, too long a turn round time and yield per passenger against airtime is not as efficient as 2/3 hour flights. If Ryanair could fill and A380 with 800 people at £400 then maybe, but at present they can't sell one ways ex Brasil, they haven't got an A380 on order and when they do, they'll go to Boston! The good news is that I am going to be here for the next 15 years hammering away at you and neither of us can say "I told you so", but if I was an investor I (and I believe many others too) should tell these developers that "they're avving a laugh" and that if they offer sensible prices and sensible deadlines and projections, then they'll get it off the ground. Apart from that, I don't have strong views.
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