Property Details
3 bed Houses for sale in Natal
Price: £96,058
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Description:
Bedrooms: 1,3
Region: Rio Grande Do Norte (Northeast Brazil) Total Number of Units:
45 Villas Prices: 295.000 R$ (113.462 € / £77.225 * * According to rate 1st of June 2007
Planned Construction Start Date: Last quarter 2007
Planned Construction Finish: Last quarter 2008
Existing Local Infrastructure (i.e. Roads; Rail; Airports): Natal, is a clean, modern city with an advanced road system and excellent transport links both internally and abroad through the Augusto Severo international airport. Planned Local Infrastructure: Another new international airport is being built in São Gonçalo do Amarante, 15 kilometres North of Natal Local Attractions: Quality of life: mild tropical climate (27 ºC all year round), unspoilt nature, endless tropical beaches filled with coconut trees and its culture of enjoyment. Natal is perfectly positioned for modern residential tourism because of its great shopping centres, exquisite gastronomics and turbulent nightlife. Security: Natal is the safest capital of Brazil according to independent research of Institute for Applied Economics Climate: Mild, Average of 27º C with 3 degrees difference between summer and winter. Airline / Flight Information (i.e. Direct flights to location): Direct charter flights from several major European Cities. Distance to Beach: 100 Meters
Detailed Overview:
Property is sold clearly below market value (850 € per m2). Similar villas in neighboring complexes have been sold successfully for 150.000€. This is one of the last investment opportunities in Natal for the Brazilian prices. During market research at SIMA may 2007 concluded that new developments in b-locations (80 km north of natal) are already sold at 1.800€ per m2. The complex is situated in a premium location at a stone’s throw away from the beach in a beautiful tropical environment amongst the coconut trees. The strategic location at the South Beaches of Natal provide an excellent exit strategy for investors, because the strong domestic second home buyers love the South area of Natal, because of its tranquility and already existing infrastructure. As the South Beaches are the preferred holiday spot for the Brazilians from Sao Paulo, Rio as well as the people from Natal, the rental potential is high. All the properties have full due diligence, including building licenses, environmental authorizations and complete registration in registro de incorporaçao.
Building License In Place: YES
Land Title Confirmation: YES
The most common way of providing someone’s ownership is at the local public document issued for this purpose, called the “escritura” (Title deed). The “escritura” is a written description of the parties, goods and terms of business involved. This document is an official document drafted by a civil servant called “Tabeliao”. Once drafted by the local Tabeliao and signed by the parties in witness by the local Notary, who also checks that the parties are in deed holders of the rights they transfer and that they are legally entitled and able to do so. The “escritura” must be registered to be legally enforceable, if you don’t register you are not owner, says the motto of the local Notaries.
Is the Development Company Legally Registered: YES
In Brazil, as in many parts of the world, developers are trading companies (limited companies in most of the cases) which must be legally incorporated, registered at the local company house and registered at the local inland revenue (“rezeta federal”)
Build Quality Guarantees: According to the Brazilian law local developers are liable for defects on construction for a period of five years.
Other Safety Measures in Place for Investors: All properties are 100%freehold. There is the legal possibility to register the private purchase contract at the land registry. In case of a developer’s insolvency, the land and whatever has been build on top will not be considered as developer assets in com
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