It seems to me that it has all come home to roost..if anyone still wants to invest abroad in off plan property just ask yourself the point if prices are dropping! Why not wait for them to be finished and buy at a lower price than today?

Absolutely.Having looked through various webpages ,companies are still advertising companies that are having major difficulties or no longer exist .What would an investor do in such situations GW?I do agree with buying off plan ,but only and I mean only with reputable companies(who are normally Brasilian) I am really afraid to invest with an overseas non-living,non speaking,unknowledgable overseas developer and a non Brasilain resident.

Hehehe

Well, Dotty and Dottette.

Once again the claim that prices are dropping. I've still seen no evidence of this anywhere apart from GW's claim that the developer of the apartment he bought gave him a discount.

Just to sum up both of your posts from the past few days as well as many others who you agree with - correct me if I misunderstood any of what you seem to agree with:

<disclaimer - not my opinion>

Only trust Brasilian real estate agencies as they are the only ones who know what they are doing. (even though the vast majority of real estate agencies operating in Brasil are doing so ilegally without the required CRECI license). Brasilian real estate agencies on the ground in Brasil are the only ones who know what is going on. But on the other hand watch out because all Brasilians are out to stab you in the back and steal your money and rip you off because they increase the prices tenfold to "Gringos".

Isn't that a bit of a Catch 22?

Dotty, how come none of the specialised Brasilian agents you know could advise you what is happening at LDC? You've been posting on here for days now trying to know what is going on with that development and from what I can see it would take a European agent to inform you.

I do agree that if you do a google search you can find some horrendous websites by International agencies promoting everything including non-licensed and illegal builds. But telling them to go with a Brasilian agency instead when they don't speak the language doesn't make much sense either. Especially after everyone living in Brasil gives reports of how they are getting ripped off.

So, what's the solution you'd suggest? Just stop investing and start putting your money under the matress again?

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

Have a nice day

Hi Jim,
Not too sure if you are aware,but from your posting maybe not !Have you actually been and seen what is going up in Natal right now?You will now already be able to see that the value off plan to the value off plan 6 mths ago are already showing slow increases in prices.Sorry about that .You are also seeing a slower pace of buying and that is a fact and what you are also seeing as quoted in a previous posting much better deals .Foe example:I have a company that calls me 2 times a week and they launched a fabulous
resort over a yr ago (I am a client )This company would never need to have called a client ,people would just buy from they off plan with great results(past)and today they are offering those same properties at the same asking price in 2007! I am still tempted,but there will not be much gap left fro prices.That is why Forteleza is cheaper now,becasue yrs ago it was espensive,too much to choose from and then bang,prices down .So I do know what I am talking about.However ,you have your opinion and believe as you feel free.Now as for LDC ,in a recent posting I had said that an English gentleman had wanted to buy a property there.So do you have any info?

It's John, not Jim

Quote:
Originally Posted by Golfingworld
It seems to me that it has all come home to roost..if anyone still wants to invest abroad in off plan property just ask yourself the point if prices are dropping! Why not wait for them to be finished and buy at a lower price than today?


This however is quite encouraging. 24 hours ago you agreed that prices were dropping, now, 24 hours and 30 minutes later, prices are showing a slow increase. Wonder what will happen in the next 72 hours. Exciting times.

Which development did you buy on last year who is now offering you last years prices?

__________________
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 can speak for Aracaju and Salvador....there is absolutely no decrease in prices for lands, houses, apartments.....only increase. And in the last 18 months in Aracaju property prices have increased here significantly.

__________________
www.mjrdevelopments.com/ www.rosegardenbrazil.com

Oh so there is no point buying there either.I guesss Joao Pessoa is still the place.

decreases ...........

Don't know about that Dotty, Aracaju, unlike many other places in the northeast, just recently started increasing in price. And Salvador, that place is still exploding, and in my opinion I don't see any end in sight in the near future. If one looks at all the economic statistics for northeast Brazil, he/she will see that Bahia/Salvador is heads and shoulders above the rest of the northeast in most categories, and in some equals the entire production of the rest of the entire northeast.

Also, still cheap and numerous international flights to Salvador. Right now you can book a roundtrip flight to Salvador from England with First Choice for a little over 200 GBP.

__________________
www.mjrdevelopments.com/ www.rosegardenbrazil.com

What do you mean exploding(high prices??) Well that does not sound too smart why would you buy when prices are too high anyway,another miscalculation from Reais into sterling and what with 30% wiped of UK house prices.Frightening stuff.