Hi thanks for the reply.
The idea is to sell 3 or 4 to free some capital up (though this is not strictly necessary), and rent the rest, with the view to perhaps sell them in a few years time.
My market is Brazilians and Europeans. Long term renters I expect will spend more time in the complex, high season renters more time on the beach, surfing and excursions.
The feel of the project will be natural, lots of planting, natural shaped swimming pool blending into a landscaped garden.
It is in front of Concha beach which is the village centre beach, with various beach restaurants and though very quiet most of the year can get quite lively in New Year and Carnaval (hence the idea of acoustic and thermal double glazing).
There is not really much competition yet, suitable land is very limited in Itacare due to the geography and planning laws.
The only development with a sea view (Sao Jose), properties start around £400k, so I will be filling a gap for those who want somewhere nice but don’t want to spend that much on a second home.
My first instinct is to go for as high finish quality as I can afford to ‘future proof’ them against competition. There are some things if you don’t build them in from the start are expensive to do later, like split air con, hot water, and fancy windows. On the other hand I don’t want to spend money on things that will not bring a return.
Though I have experience of building and doing business here, I have already built and now run a 15 bedroom pousada. This is my first development, and first move into the international property market. So feedback is very much appreciated.
My development is about a 1/4 of the way along the beach behind the tree line.