Hi Guys;

This looks interesting. The land plots start from 15300 GBP, for a 500sqm land plot. Has anybody bought there? Do you think its a good investment? Location? etc..

Looking forward to hearing from you soon.

Cheers

Looks very nice - just requested Due Diligence on it recently so haven't got any feedback as to the legality of it yet apart from what the developer says - no reason to doubt them but as a matter of principle we do it on every development.

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

Have a nice day

The development plan for this lotemento is excellent as is their committment to provide all the service infrastructure before you complete on the land purchase. You then have only a short window to construct a house in order that the area is not a construction site for an unacceptable time. Price is something else- the cheap plots are furthest from the beach, which is why they are cheaper! There are plenty of other opportunities around these prices in Maracajaú (second line). I suggest a visit to Brasil before you commit to anything.

Hi;

So you guys think it's worth the money? Has anybody bought there.

They have 50% - 25%- 25% payment plan which looks good, and there is about 12% increase in March! Not sure whats the resale market like though!

We do have clients who have bought there and just from the availability list you will see that it is selling well. However you should not look at selling on at present. Let all the infrastructure be completed then you could decide whether you build, or sell on. It promises to be a well managed resort condo in my opinion.

Hi Michael;

Are you selling at turtlebay? which plots would u recommend?

Cheers

Yes we are selling at Turtle Bay. As to plot recommendations, I guess it depends on your own ideas. Beach side, Golf side, etc. The cheap plots are at the back but there are many around the £25000 mark in good positions. Do you have the plan layout? If not I can organise to send a file and availablility list with plans etc. by e-mail. This will come from our UK office as they have all that material there. Incidentally I think the 9-hole golf course there will be a success. The climate is not so humid as the NE plus the summer days are longer there.
Regards
Michael

I evaluated this development when it was first launched nearly 12 months ago.
It initially appears attractive though when the numbers are crunched, it rapidly loses its sheen and is essentially a triumph of marketing over substance.
The eco concept is excellent and very much in tune with contemporary thinking ,though in practice, this is very much a diluted version.
Turtle Bays only real claim to eco credentials is the use of local materials and a health spin which does little to differentiate it.
There is no utlisation of wind power or solar energy for example ,so no low maintenance /zero energy advantages which are associated with a true Eco resort.
Land plots from...is also misleading.The average price for a reasonable onsite location is 28K to 30K uk pounds for a 500m2 plot.At 58 pounds per m2 for non beachfront in a marginal location that is expensive.Plots at the front are well over twice that price.
The payment plan represents an innovative way to spread costs,though construction costs quoted are bordering on extortionate and if the model elevations are indicative of the final product it looks quite a simplistic and inexpensive build.
Also watch out for the small print in the contract which often accompanies a project of this nature-namely their right to apply indexation price increases.

Be mindful also of the wider picture.The area is awash with plot deals including The Plantation marketed by Colliers,Belmonte Residences etc-with more on the way too apparently.
What is the exit strategy and rental income potential in a circumstance where 1000's of plots are on sale-either from developers or owners who subsequently find that build costs have escalated due to the the continued strength of the Reai.If you do not build within a predetermined period you will be penalised via a substantial fine.
How accessible is the site?
The nearest International airport is 400 miles away at Salvador.
Porto Seguro is basically a regional airport which principally accomodates internal flights and cannot be extended due to the local topography.So from the U.K. ,factor in 13 to 14 hours flight time,plenty of down time( waiting for a notoriously unreliable internal flight), a plane change and over an hours drive from Porto Seguro to the development itself.
The Brazilians who touch down from Rio or Sao Paulo basically head South for Trancoso, not North to Belmonte

IMHO there is far better value to be obtained in Fortaleza or Natal -the N.E of Brazil "proper"so to speak.
More accessible,shorter flight times,(Belmonte is 1,000 miles South of Natal-in terms of weather think North!)more stable year round climate,more choice,keener prices.

Hi all,

I looked into this also and my main quiery was THE LOCATION?? And its accessability to get to also!!!!

Brazil is a VERY BIG COUNTRY!!!!!!

Take care-D

The accessability re change of flight is a small issue in my opinion. Without flight delays my journey to Natal from Valencia entails 20 hours or more journey door to door, due solely to flight changes in Lisbon.(8hrs without delays) However I would agree there are many other areas available, and I already posted about that,. This resort at Turtle Bay does offer fixed construction prices for the 3 year period and fixed in Sterling. That was brave!! It is not exactly a self build, so you would expect to pay more than a local construction cost, if you are not organising the build yourself. The fact that all infrastructure is in place before final payment also gives some comfort as to the committment to quality.