With no risk of rental income being insufficient to cover a mortgage, land banking deals make sense in these credit averse conditions. The low cost of entry and long term perspective make land the ideal class of property for investors who are looking to be a little more conservative than normal.
The key thing with land is to make sure you pay the right price for it in the first place. An important barometer of this is whether or not the locals are buying. And at Sonho Verde in Maceio, they most definitely are!
The project has been launched to the local Brazilian market in the state of Alagoas, where nearly half the 400 plot site has been quickly snapped up. Now for the first time, UK buyers can participate in the project, thanks to the exclusive agreement signed by E-Quity and TheMoveChannel.com to promote and distribute the resort.
Sonho Verde Residence is a gated residential community, set on an elevated plateau with a lovely view of the coast. It has a well-equipped leisure club, shopping, restaurants, tennis, sports courts and many green spaces. The pride and joy, however, is the Beachside Club, with its large clubhouse, enourmous pool and private access to the magnificent Sonho Verde beach.
This is an immediate opportunity for investors who want to buy building lots at initial launch prices in order to reap the first big increase in valuation once the urban and leisure infrastructure is in place. This will happen, by contract, between June 2009 and December 2010.
Plots range from around £9,000 to £18,000 and average around 400m2. All plots are sold with full planning permission and the land price can be financed over quarterly payments for up to 4 years.
E-Quity.com lists all its property on TheMoveChannel.com. This project can be found at:http://www.themovechannel.com/
For a full investment pack, please email David White at E-Quity on sonhoverde@e-
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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.
