Location:

Coral Beach development is situated 50 kilometres north of “the sunshine city” of Natal in the small and peaceful fishing village, Maracajaú. This locality is known as the Caribbean of Brazil with its miles of stunning beaches, sand dunes and coral reefs. Popular with sun worshippers and the diving community it is close to the well known water park “Ma-Noa” as well as the David Beckham soccer school.

The area is undergoing a huge transformation due to the significant growth in tourism. Wealthy Brazilians have been visiting this area for many years and the international market is now arriving en masse.  Facilities have improved greatly as a result of this. Golf courses have been built, 5 star resorts are being developed and billions of Reais are being spent on the infrastructure. The new airport will be completed in 2010 which will have a positive impact on demand for rentals and resale’s.

The Development:
This is a beach front low rise complex of 56 two bedroom apartments over 4 levels. The project is only 110 metres from the sea and each apartment has a spacious beach facing terrace.  Every apartment has a living/dining area, master bedroom with en-suite, second bedroom and bathrooms and a private terrace providing a living area of 70 m2. The top floor contains 14 penthouses with a second terrace on the roof. These have Jacuzzi’s, a barbeque and a shower for additional luxury.

The facility has extensive communal gardens, a large pool, car parking for each owner, onsite security/management, bar’s and rest areas. A new Golf course is being developed within a walking distance and it is only 4km to the village’s main shopping area with numerous beach front bars and restaurants.  It is able to deliver the peace and tranquillity of an exclusive locale within easy reach of the sophisticated centre of Natal.

Growth and Rental:

Brazil is currently a prime investment destination. It is attracting billions of dollars in Foreign Direct Investment, growth has been strong, inflation is falling and there is a massive housing shortage in the country.
Property prices have been growing in various parts of the country and the north east coast in particular. Appreciation year on year has been 20% in the region for the past 3 years. This upward trajectory shows no signs of slowing down. The area is benefitting from a tourism boom, the infrastructure is being improved and the property prices remain significantly lower than those in Europe.

The rental market in Natal is progressing at a phenomenal pace. As the facilities improve and more travellers visit the area demand and yields will of course rise. All the indicators point to highly promising rental returns. One of the beach front development’s in Maracajaú that is actually complete has entered an agreement with a tour operator and is generating yields of 15%.

Overview :

• 56 two bedroom apartments over 4 floors
• 28% Below Market Value
• All apartment’s are approx 70 m2 square metres and have beach facing balconies
• Prices start at £49,000
• 14 penthouses with roof terraces and Jacuzzi’s
• Discounted Legal fees & car park space for 1st 25 people to reserve
• Competitively priced furniture packs
• Genuine beach front development
• Communal area’s fully furnished
• Swimming pool, bar and restaurant
• 24 Hour security
• Management company on site
• Year round rental potential with high yield projection
• 39 km to new airport
• Developer with proven track record
• Prices are fixed in Brazilian Reais and not linked to the INCC index