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Condo For Sale in Paraiba, North Coast Brazil Off-Plan Beachfront Condominium Ref:PB212 Asking Price: £72,480 3 and 4 bed. beachfront apartments (160.5 to 179.5 sq/m)
Prices start from R$288,000 (Brazil Reais) for 3 bed apartments
Ready in Feb. 2007 - Off Plan
Flexible payment options
2 garage parking spaces
Development finished to high specification
All apartments are beachfront with excellent views
Large swimming pool complex
Communal Sauna and Jacuzzi
Beach volley ball and football games area
Tourism forecasted to grow at 80% in 2005 / 2006
Joao Pessoa airport goes international in 2005 / 2006
Prices increased last year at 15 - 20% average
Recife Intl Airport is 120 kms away
Natal Intl Airport is 180 kms away
Property and Area Overview
This beachfront offering is being sold off plan and is due to be completed by Feb. 2007. (probably before). The project plan is progressing ahead of schedule at this present time due to interest already generated. The main structure is developing rapidly. All apartments have wonderful sea views, and will be finished to very high standards.
This offering is situated just to the north of the beautiful city of Joao Pessoa, and is ideally located in a rapidly developing area just a few minutes drive away from the capital city of Paraiba state. The apartment blocks within this condominium start with 4 levels at the beach side, and rise to 6 levels towards the rear of the development. All apartments have permanent sea views.
The location of this development offers calm clear waters, sand islands off shore which prove to be popular sun-bathing and relaxing areas, Jacare beach very near by to witness the wonderful sunsets, and the Marina club for Joao Pessoa is a brief drive away. Also, being situated within a well established location on the outskirts of Joao Pessoa, offering infrastructure without having to visit the capital city itself, and is also very close to the out of town hypermarkets.
Joao Pessoa is the 2nd greenest city in the world, the city is famous for its beaches. Although flights arrive into Joao Pessoa airport from all over Brazil the airport does not go international until 2005. The nearest international airport is Recife, but Natal is also a good option, being 1.5 hours and 2 hours away respectively. When Joao Pessoa airport does go international we are expecting to see property prices increase considerably. This airport is currently open to internal flights and is approx 20 minutes drive from this offering.
Condominium service charges are expected to be approx. R$350 per month, and purchase tax is payable at the rate of 5% of the total price on completion.
The constructor has been in business for many years, has several completed projects within this region, works to high standards, and has several projects in construction at present.
We have been given the exclusive right for marketing this constructors offerings from the UK.
Location
Just north of Joao Pessoa, and close to the main route that connects the capital of Paraiba state to Natal, Recife, Campina Grande, and various other cities of the North East of Brazil.
Specification
The property is not being sold with furniture, but includes fittings of a very luxurious standard.
Associated Costs
All quoted prices are inclusive of CPF tax numbers (an individual tax registration number required to buy a property), agent commission and contract drafting. The price does NOT include government purchase tax between 2% and 7% of the property notarised value. When buying a property it is important that you pay the appropriate council rates (usually around 1% of the property value per year) and condominium charges (if applicable), your home / investment is at risk if you do not keep up these payments.
Legal Assistance
We can help you with finding a lawyer who will act on your behalf. Approximate costs which will be around £550 ($1017). This is a special rate for clients who purchase a property from us. (Usual cost is £1000). The service will include: - Checking the current owners have the correct entitlement to the land, checking your contract and clearly advising what the obligations are for both parties, supporting you through the payment process and answering legal questions, ensuring land is registered in your name correctly at the end of the process.
Wherever you are in the world, our client lawyers can help you purchase your property.
If you would like more legal advice, please send an e-mail to help@brazilian-legal-
Property Commissions
Sales agent and processing fees are included within all property prices (unless otherwises stated on the individual property notes above under 'Associated Costs').
Foreigners Owning Land / Property
The Brazilian authorities encourage foreign investment, as such there are no requirements to establish complicated company formations. Brazilian real estate can be owned in your private name.
Visas / Passport
Travellers from most countries will receive an automatic visitors visa entry, this is granted for 90 days. It is possible to apply for an extension for a further 90 days at the local police station. Travellers from some countries are required to apply for a residency at their nearest Brazilian Embassy before travel. Please ask us if you require more information about Visas to Brazil.
Before travelling to Brazil you should have at least 6 months from the return date of your journey until your passport expires.
Flight Costs
Flight costs are dramaticaly reducing to Brazil. We have contacts that can help you book your flight. An example of a direct flight from London airports to some destinations of the northeast of Brazil are currently around £290 to £500 (return). Prices do fluctuate depending on the season / operator and destination airport.
Money Transfers to Brazil
It is imperative when buying property in Brazil that the funds are sent directly from your own bank to the sellers bank account in Brazil, this is sent via the Central Bank of Brazil who act as an official receipt of funds into the country. The seller has to present their contract to the bank to release the funds. This ensures the government have recorded your investment into the country. Please becareful of developers / sellers who do not use the official route.
Your bank will not be able to offer an exchange rate at the time of transfer as the money is crystallised when it reaches Brazil (approx 5 days transfer time). There will usually be a shortfall or overpayment, we will help you manage any transfers and liase with your banks to ensure that the process works smoothly.
Borrowing Money to Buy Property
It is not possible to borrow funds in Brazil to buy a property. Some new build off-plan developments may be offered by the developer with installment payments over a short period of time (Ie. 12 to 24 months). The charges applicable vary from developer to developer.
If you have property in your own country and would like to borrow against this, then we can introduce you to a financial lender who can help you raise finance accordingly. We are full subscribed to the Financial Service, Credit Consumer License and Data Protection Act.
This property is sold in Brazilian Reais (BRL). Any other prices quoted in other currencies may vary vary Currency rates will depend upon the Central Bank of Brazil's conversion rate at the time the funds are received in Brazil (approx 5 days after sent). As such all prices other than Brazilian Reais (BRL) will change (ie Euro, GBP & USD). Typically funds take 5 working days to be received by the Central Bank once they have been sent from your own bank account, it is at this point the conversion rate will be fixed. To check yesterdays closing price with the Central Bank of Brazil click here .
Every attempt has been made to ensure the information contained within our websites and offline documentation is accurate and up to date at the time of publication. Enclosed material is based on information which we consider reliable, but because it has been supplied by third parties, we cannot guarantee that it is accurate or complete. It is the buyers responsibility to ensure property details, taxation etc are correct before paying a deposit / purchasing.
We advise you to use a trusted client lawyer when purchasing who will ensure your interests are protected. We recommend that you use a Brazilian Lawyer who is registered with the OAB (Ordem Dos Advogados Do Brasil) which is the equivalent to the Bar in the UK. You would also have more protection if they are also registered with the society in your own country (I.e. UK Law Society).
The most important parts of the purchase process a lawyer will support you with is to check:
The land has good entitlement
Check the contract you are signing is protecting you and explain in detail the clauses
Ensure the title deeds are transferred into your name and correctly.
We always recommend a visit prior to purchasing property to familiarise yourself with the area and developments.
Please take a print of this page if required in normal A4 Portrait
 | | About This Property | |
| Category: | | Condos | | Address: | | Paraiba
North Coast
Brazil | | For Sale By: | | Agent | | Construction Year: | | n/a | | Area: | | 161 m2 | | | Bedrooms: | | 3 | | Bathrooms: | | n/a | | Sleeps: | | n/a | | Stories: | | n/a | | Parking Spaces: | | n/a | |
| | Features - Amenities | |
| | Pictures (click to view a larger image) | |
| | Contact - More Information | |
| | Phil Milligan - Property Bond International | | |
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