Scheduled price rises in property developments are often just a gimmick used by developers to motivate buyers to move quickly. But in Brazil, where construction costs and levels of wealth are rising rapidly, it is normal practice to increase prices at regular intervals to reflect market conditions.
Residence Assisi is a residential buy to let investment in Joinville, SE Brazil, currently being sold to both the local and international market. On August 1st prices will rise by an average of 6%, with 2 bed apartments increasing from BR$110,000 to BR$117,000 and 3 beds increasing from BR$130,000 to BR$139,000, leaving investors with a narrow window to secure a unit at pre-construction prices.
With Residence Assisi, the advertised price is the price you pay, guaranteed. Prices are fixed in the contract, which is unusual in Brazil, where developers are at liberty to increase prices at each new stage payment.
The Brazilian Reais is also widely predicted to strengthen against both Sterling and the US Dollar, therefore any increase in price is likely to be amplified by currency gains once buyers chose to exit the investment.
Dan Johnson, director of E-Quity said: “For investors looking to make an immediate equity gain while linking their investment to a strengthening currency, July is a pretty good month to be looking at the Brazilian residential market. The Reais looks likely to continue strengthening in the short term, while construction costs also look likely to go on rising for the next couple of months, albeit at a reduced rate. In the current global climate of price volatility, it’s important for investors to maximize the effect that short term surges in price can have on their capital as global markets rebalance.”
With only a few units left, now is the time to seize the day and secure a genuine Brazilian buy to let investment. Contact David White on 0207 952 7201 to discuss this opportunity in more detail.
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Notes to editors:
1. E-Quity.com is an international property broker offering well-researched investment opportunities in some of the most attractive emerging and established markets around the world.
2. E-Quity.com was founded in 2004.
3. The website address is www.E-Quity.com
4. The office address is 45 Lafone Street, Shad Thames, London, SE1 2LX
5. If you wish to obtain quotes, images or further information, in the first instance, please contact Jude Buttle or Dan Johnson on 0207 397 5412.
