Ah Morroco has great food,incredible history and fabulous architecture and beautiful terrane,so I am sure about that.All countries have something beautiful to offer you just need to be a bit open minded and enjoy travelling and most people that buy in Natal do not travel further than the beach and dunas themselves which gets so boring after a while right.

You make your own judgements Wolfgang, mine was simple, I was freezing!

It always crosses my mind how an overseas investor investing in Brasil or Cape Verde ,Bulgaria etc can then sell their properties on easily to another overseas investor.Because it is not a booming market ,but a new market that is being promoted heavily with the hope of in the future selling on.
Now with the question of small deposits of 500 ster,1,000 euro that in itself would make me run a mile.That shows insecurity in unknown territory and lack of overseas development knowledge in various areas,principally in the area of licensing and not truly knowing the outcome.Because what may be given the go ahead one minute can instantly be halted the next and then you have the other extreme whereby no licenses have been granted at all and construction begins and then halted due to illegal construction and all the investors have either lost their money or struggle to get it back.Ihave heard people say oh,its only 500,1000 euros its ok,but if you add up quite a few of these someone is truely doing well!

I am just reading an article from places in the sun 50th edition magazine about an english gent who has invested in the Natal off plan.The property was bought for 50,800 stering which makes it 170,000 reais (or there about).The deposit was 17,000 sterling and additional costs of 3,576 sterling,6,000 sterling for a furniture package and he says the current value is 60,000 sterling with an estimated value return 20% increase (over 5 yrs) makingthe projected value of 155,000 sterling.Which is almost 600,000 reais.Now there is no way in 100 yrs that a small property(56 mtrs) in ponta negra would ever reach that value.The saddest part is he made his 1st payment in JUNE 2007 and the value is worth less than he paid for it and the building is not yet finished and the pre off plan prices are still the same!!

Haaaaaaaaa ! I just have to laugh too Dotty. I can you imagine all those Rs. 600, 000 place there will be in the future ?? Sure all the demand, will certainly outstrip the supply. NOT.

As an example, look at Salvadorhomes dot com. See what you can get for Rs 600, 000.( min 5 beds) In fact, see the huge house you can buy for Rs 300, 000. ( min 4 beds)New, and ready to move in ! You get your own bloody swimming pool too !

Should have mentioned regarding these prices at Salvadorhomes dot com. Thats only what they are asking. Must knock off "at least" 10 % too. Just take a look. Here I feel more more in reality.

There is evidence of a knock on effect of financial problems with overseas investors purchasing in Natal.Debts are so high that people are far less reluctant to part with their hard earned cash and invest in a market with no known experience or the experiences at present for some have not been very pleasant.The Spanish property market has seen a downturn in sales due to companies financial difficulties(quote Madrid Property fair)and have been reducing property form 18-30% in Spain.We are also seeing a leveling off in Natal as a so called boom was emerging,however we are seeing agents fighting for the same properties and investors seeing less for their returns.Prices are stagnating but still way over priced and will see a downturn in value in the coming future.Research your area thoroughly if you plan on investing here and do not purchase on no accounts online or overseas.Use your money wisely and carefully becasue there are plenty of people that want your commission!

Having been to the Litoral North at the weekend to visit Jacuma Beach resort(it had been raining heavily admittedly)I was met with swamp conditions on the estrada to it and water at quater level to of my car.I would advise interested investors to visit in the rainy season where you really can see the environment around and the difficulties of reaching some locations.The other resort could not get to because there was a lagoon between the 2 roads and I was not going to walk in mud and plastic bags.

So are you are saying be careful when going to a development site during an unusually heavy rainy season??

Since the Meliá hotel group have signed up to manage the whole resort, don't you think they would have checked things like that there will be proper access roads to the resort built?

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What do you mean be careful?It was not what I expected thats all.When you go to visit a site wherever it may be situated ,one must look at all aspects of road conditions,ground swampy levels etc.,rain,etc,beach construction,properties built to close to the sea,etc.The road I was on was horrendous I mean it did have the signs for Jacuma posted everywhere!The infrastructure of the roads to actually get to it are clearly very poor and there was another piece of land for construction that you could not pass because of a lagoon.Now when I get off an aeroplane and go to my nice house at the beach I want to get there without getting out the car and not be faced with a swamp would you agree Rob on this ?Hopefully they will work it out but real pressure needs to be put on the prefeitura.They have evolved by signposting beaches in both directions but thats no good if they cant sort out the roads in the small villages.