Amazing, you claim you are highly experienced in investing in Brazilian property yet you really don't know what you are talking about.

I will help you. The CGT I mentioned in my previous post is an acronym for Capital Gains Tax which is the 15% tax you are talking about and the 15% tax I am talking about.

Lagarto, I do happen to live here and have been doing so for the last fifteen years. No I don't invest at the moment in coastal properties but there are many ways to invest here in Brazil. Maybe it's because you have a vested interest that you seem to provide over positive input and facts. If I said that Costa do Sauipe is south of Praia do Forte when it is in fact 25 kms further North I do beg forgiveness. But I'd be very happy if you or any of the salespeople who know so much about Brazil could just answer the question. Why has one of the top five resorts in Brazil lost so much money since it opened 8 years ago???? I'm not looking to offend anyone , I would just like an honest answer.

Since you seem to have lived here longer than most and certainly invested here for longer then I wonder why some people insist in saying that you don't have a clue to what's going on in Natal and RN. Certainly unlike yourself there seem to be a lot of people who have lots of trouble giving an honest answer.

Not really. Mainly there are two reasons people question what Dotty has to say

1) Dotty has given out misleading advice in the past on these forums and admitted to it without explaining why the misleading advice was given

2) Dotty refuses to ever give any sources for claims made, rarely backs up those opinions with any factual evidence yet claims that her opinions are "facts" even when those facts can easily be proven wrong by quoting numerous sources which prove otherwise. When provided with those sources, Dotty has in the past claimed "consipracy theory" but can't prove anything to the contrary.

Dotty does occasionally come up with correct, factual and pertinent comments. But because she has cried "wolf" so many times, the "villagers" now have a hard time sifting through what is gibberish and what isn't.

__________________
Yes, I work for a Real Estate company doing market research and analysis but I'm not involved in sales.

Have a nice day

Lets take Dotty last comment as an example (I have to use the one you quoted as I can't see her posts - put her on ignore a long time ago):

"Costa do Sauipe was heavily promoted as far back as 2000-by Unijet when they were trying to get the N.E off the ground (you may remember them) until the company folded .

Not much has changed since then as Unijet never got moving,Thomson's package holiday's have been and gone in Natal -which was one of the most heavily promoted regions in Brasil for overseas investors."

Dotty refers to Costa do Sauípe (located in the state of Bahia) then refers that to Thomson's package holidays have been and gone in Natal. That's like saying that a development in Brighton failed because trips to Edinburgh were cancelled.

"I get the feeling that the Brasilian estate agents are focusing on their Brasilian customers to invest in Natal, of course there are joint ventures, but it is not so easy without the flights coming in, fewer flights, fewer sales."

Do Brazilian real estate agents are selling to the Brazilian domestic market? Yes they are and sales are fast and furious. Just walk around and ask the sales offices how sales are going and who is buying, or if you prefer I can provide links to numerous BBC, CNN, CNBC, Tribuna do Norte, SKY News etc articles mentioning the growing domestic market.

As for making a quick buck,not cheap by any means .Simple eg buy for 100,000 pa 7% to register(not bad) sell for 150,000-200,000 pay 5 % commission and a further 15% in capital gains tax (if you do not reinvest in Brasil within 5 mths)so already has been eaten 20% and if you care to move money out of Brasil (which is often the case) another 15%, so work that out a hugh 35% taken straight away and not to forget the other tiny taxes in between approx 2%.

Someone else has already highlighted the lack of knowledge apparent here but let me exemplify in more detail.

"buy for 100,000 pa 7% to register(not bad) sell for 150,000-200,000 pay 5 % commission and a further 15% in capital gains tax (if you do not reinvest in Brasil within 5 mths)so already has been eaten 20%"

100.000 purchase price
150.000 sales price
5% commission
15% capital gains tax

5% commission on 150.000 = 7.500
15% capital gains tax = (on 50.000 profit) = 7.500

7.500 + 7.500 = 15.000

15.000 of 150.000 is 10% not 20%

100.000 purchase price
200.000 sales price
5% commission
15% capital gains tax

5% commission on 200.000 = 10.000
15% capital gains tax = (on 100.000 profit) = 15.000

10.000 + 15.000 = 25.000
25.000 of 200.000 is 13%, not 20%
"If I did not have strong links with Brasil would I invest here? The honest answer would be no."

Any questions? That was just the last post - go through just about every post and you'll start to see a pattern.

__________________
Yes, I work for a Real Estate company doing market research and analysis but I'm not involved in sales.

Have a nice day

I agree except having mislead one of the posters here intentionally - I'm still not convinced she's not an agent. Her main driving agenda seems to be "don't trust Brazilians, they are all crooks" yet on the other hand she advises people to only buy property in Brazil through Brazilian agents and as it happens, she can put you in touch with a couple of good ones.

__________________
Yes, I work for a Real Estate company doing market research and analysis but I'm not involved in sales.

Have a nice day