Any one know about mar de tabatinga beach villas as I have just bought there ,is brazil going to be as good as a investment as everyone makes out
glyn

This question my friend - so far on this forum - is very debatable, so i shall leave you with:-

"oh no... here we go again..." lol!!!!.

ps- (I believe it to be)

I gather I am not the first person to ask !
Have you heard of the tabatinga development if so , any good feedback
Glyn

hello - i am new onto the forum. I too have been caught by the Brazil bug. I have reserved a 2 bed apt in Logoa, 2 bed apt in Ma Noa Beach which both have phase 1 built in late 2009. I am due to fly over there to look at some land deals as well in late 2008.

I do feel in 5-7 years time Brazil will become a popular package holiday destination with the key tour operators and the world cup in 2014 will hopefully boost the economy.

Has anyone else reserved an apartment in Logoa de Coelho or Ma Noa Beach and visited there recently?

I know of Lagoa Coelho, huge development, and also Ma-Noa in Maracajaú. Depend what you bought and what you expect from them. Ay rental guarantees will be included in what you paid in my opinion. The developments are a long way off completion. If you plan to visit Brasil in the near future I can show you what you have bought, as I live in Natal

I live on the island of Itamaraca, and you are right about the potential that NE Brazil offers to the medium term investor - at least I believe you are!

Just make sure that, before you commit, you have done all your research (many threads on this forum can help), and that you know all about the need for CPF cards, contracts in Portuguese, payments throught the right channels in Reais to be paid here (not in any other country), notaries, etc, etc.

Do not make the mistake that many make and compare Brazil prices with European ones - here property is (or should be) much, much cheaper. If not be suspicious...

Certainly take up the offer of assitance to view - you really should not buy without at least 1 visit...

I do agree with you that rental guarantees are built into the price for logoa, but as the resort wont be fully complete until 2012/2013 so it will bring in a little return for the short term.

I might take you up on that offer - hopefully out in either March or Nov 08. I am waiting for construction to start.

In your opinion what do you think the best development is to purchase? Are you finding tourism increase in NE Brazil? I have noticed 'thefirstresort' now do package deals to natal.

Thanks for the advise. Interesting that you make those points as the contract was orginally rejected by my solicitor as the price was not in Reais and contract not in portugese. They are currently drawing up another contract. The prices tend to be around £45k for a 1 bed flat and £70k for a 2 bed flat - does that sound about right to you?

I do want to go to Brazil as soon as work permits (in full time employed at the moment and change of job). Do you recommend a good time to visit?

Your last question is easy - yesterday was a good day to visit, and today, and so is tomorrow...

Your first question about prices is a very subjective one. Let me quote what I said on another thread on this forum entitled 'A Couple "Musts" and "MustNots" When Investing In Brazil':

...Or, numerous (NOT ALL) agents in Europe are British citizens ripping off other British citizens by deliberately misinforming, or malinforming, lying and vastly overcharging for Brazil properties because they compare well to Europe prices and the Europe property market currently sucks.

I recently wrote to one well known and much publicised web advertiser, informing him that his agent here in Brazil was doubling the local price of property, and suggesting he deal direct with Brazilian brokers to save his clients money. Despite giving examples of 100+% commissions on specific deals, he declined to respond, obviously suggesting collusion...

I don't mean to be the harbinger of doom and gloom, because this is a fantastic country and I love it - and there are some excellent developers and agents out there - but emptor caveat...

From a personal persective I do not find £45K and £70K for what you describe as attractive, or even remotely acceptable. On my tropical island in NE Brazil live about 17,000 people and for those prices you will get freehold, established detached properties, 3 and 4 bed with swimming pools on or near the beach.

I know of an absolute stunner that you could negotiate off an asking price of £110K, totally furnished nearly 400 sq m build area alone, massive pool, 4 double beds, 5 baths, garage, jet ski store, gardens, etc, etc, just 3 years old...

But I am not a developer, just a Brit who lives here and has been through the whole process of property, permanent visa, etc. My last thought? Anyone who advises you to buy WITHOUT first visiting and seeing is highly suspicious. Would you buy a car that way?...

I agree with everything you say Debzor. But you have to compare like for like in the area you want to buy in. Therefore look at the prices for Brasilians in the area. If they are buying then you are not being overcharged. The prices you quote for the developments you are interested in are not very competitive in my opinion and in any event the most important thing for an investor is how the property will be managed in your absence. There are many that run a rental pool system and you do nothing but collect your share each month.