hi golfing world im wondering if u have some sound advice for me as id like to buy something in the natal area but i plan to wait untill the real weakens or pound strengthens plus i plan to go and buy from brazilians as i have friends in london and in brazil do u think i could save a decent amount ? hope your place is going well ? is it better to wait? im after a beach view not far from the current airport? any advice would be appriciated thanks have a nice day or night

GW, you had better sell your new property in Ponta Negra before it becomes worthless.

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Regarding what GW mentioned, the reason I addressed what kind of Administration was fiiled was because as we all know there are people on this forum who have put down deposits on the development and there is no need to try and scare the living *&% out of them by posting half truths which is what it seemed to be aiming for.

Hopefully those on the forums read our previous discussion about the letter DeeDee received from Grupo Sanchez telling her that licenses had been granted and asking her to cough up more cash. We pointed out that the letter was unfounded and advised her against making further payments based only on that information so hopefully they won't have gone past the escrow point. Assuming they are using decent legal representation they probably would have been advised against it by their lawyers anyway.

If it wasn't originally posted with the intent to cause mental anguish to those who have purchased on the development I'd suggest taking a deep breath and thinking about the consequences of not researching information before posting, which seems to happen all too often.

Regarding the GW's post itself, I'm still not sure where this information that "world property is moving to crash" is coming from. I still can't understand how GW is aware of this when the Brazilian Government, Morgan Stanley, Goldman Sachs, Sam Zell and millions of other people including people who research property markets for a living don't seem to have realised it?

Classic case once again in my humble opinion of as Edmund Blackadder (aka Rowan Atkinson) would say "Opinion is divided on the matter. Everyone else says it is, I say it isn't!"

I know I've quoted that before but it's so perfect for the situation that I can't resist. And GW, please if you do have access to information which the rest of us mere mortals don't please share it.

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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

I have never met a property Agent yet that told me "buy today and your property will be worth half next year" and I doubt I ever will! What kind of deluded world do some of you guys live in? There are massive massive problems in world property and financial markets..in NE Brazil we have a big increase in prices due to currency depreciation, seemingly cancelled flight programmes to The Uk and maybe other destinations too, hoteliers meeting to discuss big drop in tourism, one of the Big Names in Offplan allegedly going bust and yet still you agents say...this is a blip...don't panic? What world are you living in? Investors as you call them, buy forward for profit not for losses, when prices are stable or dropping why is there a need to buy forward? Answer none!

GW, you had better sell your new property in Ponta Negra before it becomes worthless.
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That's exactly the point, I bought it to live in not to make money on! So it doesn't matter what it is worth as I am one of the few that does what it says on the tin...use a property as a dwelling! This is the whole point that you guys miss as you are selling speculative forward investment vehicles (better known as derivitives) not propertiy to live in and this is nothing more than a bet like a bet on the horses. If you by to live not to make money a crash doesnt affect you but if you thought you were onto a winner and it doesnt win..you lose! What's it like to sell losers, cannot be easy? Or are you still talking about that booming Pipa where there were 2 people in that restaurant last Thursday? 6 people in my hotel Easter week? With prices more or less the same now as Spain or Portugal??

GW,

I just bought myself there which I wouldn't do if I thought there was going to be a crash?

As for the rest, I know you too well GW so please don't expect me to respond to your wind up attempts.

Regards,
Rob

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Talking of wind-ups I still have GW on ignore so if he presents some coherent argument which anyone agrees with, quote him so I can see it and I'll answer

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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

[quote=JMBroad;39910]Regarding what GW mentioned, the reason I addressed what kind of Administration was fiiled was because as we all know there are people on this forum who have put down deposits on the development and there is no need to try and scare the living *&% out of them by posting half truths which is what it seemed to be aiming for.

Well I have a meeting arranged with Grupo Sanchez in their offices in Natal on Monday followed by a site visit so hopefully some questions will be answered. Mind you they may already have shuttered up and gone back to Spain. If so I shall make for the nearest bar to get drunk before taking a donkey ride in to the wilderness of Pitangui !!

Good luck KDJX

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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

[quote=KDJX;40019]Keith,
I think that more than enough donkeys have been taken for a ride by Grupo Sanchez already!!