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Follow on Google News | Eolic Energy Development Saturates Brazilian Rental MarketBrazil's São Miguel do Gostoso has become an overnight tourist sensation thanks to year-round sunshine and kitesurf-friendly winds. Eolic energy enterprises and their staff now compete heavily with the tourists for rental accommodation.
By: uv10.com Samantha Gore, Sales Manager for Natal-based uv10.com and herself a São Miguel do Gostoso property owner, comments, “There is literally nothing available for rent in Gostoso right now. Rio Grande do Norte has emerged as a Brazilian state with high potential for wind energy and, whilst we have two eolic farms in operation now, there will be 62 by 2013, thanks to eight billion Reals-worth of approved investment in this sector. This leaves Gostoso with the enviable problem of demand outweighing supply, with Brazilian and foreign tourists battling the wind farm workers over a limited pool of rental accommodation. Gostoso, a fully functional and exceptionally charming village, may have been discovered by tourists but it is now coveted by real estate developers who see the potential for careful, considered construction. Investors will enjoy the holy grail of a captive rental audience in an increasingly popular location.” Most rental properties in Gostoso (pop. 9,600), which aptly translates as “delicious” A solution is on the horizon in the shape of Shamballa. The first, and so far only, condo in Gostoso, this gated residential community occupies a tranquil spot just a few hundred metres away from 30km of pristine white sand beach. Meaning a ‘place of peace, tranquillity and happiness’ in Sanskrit, Shamballa has a range of amenities to include sports courts, social and barbecue areas, a yoga studio, children’s playground and a swimming pool with swim-up bar. The heart of São Miguel do Gostoso is within five minute’s walk and brimming with quaint bougainvillea- In terms of real estate, Shamballa comprises 16 turnkey townhouses and 46 blank canvas villa plots ranging between 500m² and 900m² in area, with many units now already sold out via uv10. Full rental and property management services will be available for all owners. Conservative rental yield estimates, based on 120 days each year to cover high season and holidays, show returns of 8% per annum even after rental management fees at 15% of income and condo fees of 250 Reais per month for a two to three bedroom property. Any rentals outside of this 120 day period would help to boost that 8% - albeit it a lower daily rate. Remaining plots start from just 77,317 Reals (27,730 Pounds) for 644m² and a full architectural design and construction service is available. Buyers can choose from a selection of ready-designed two, three and four bedroom properties which maximise light and airflow or opt for the freedom to design their own within the size and height restrictions of the condo. Luxury turnkey townhouses start from 258,000 Reals (92,500 Pounds) for a classic two-storey design up to 297,700 Reals (106,800 Pounds) for a two-storey house plus roof terrace complete with sink, bbq and sea-view Jacuzzi. Payments on plots and townhouses can be spread until completion at the end of 2012. All licenses are in place at Shamballa and construction has begun in earnest. Watch a short trailer of a feature-length documentary on Gostoso ‘starring’ Watch a short video about Shamballa and Gostoso: http://www.youtube.com/ For information on Shamballa contact uv10 on info@uv10.com, visit www.uv10.com or telephone UK local rate +44 (0)845 643 1036, Brazil office +55 21 395 808 25 or USA +1 888 839 7009. Skype uv10-brazil. NEWSFLASH - uv10 has just won a Silver gong for Best Estate Agent in the OPP Awards for Excellence 2011 announced at London ExCeL on Thursday 13 October. The judges said, “uv10 is a great company - one that has clearly become a true expert in the Brazilian market. uv10 is a really good example of how to do it properly. A clever and memorable awards entry.” Previously uv10 won ‘Best Small Agent 2010’ in the AIPP Awards. -ends- for further press information or photography please contact Sarah Drane on sarah@purplecakefactory.com or call 00 34 607 564 726 # # # About uv10 - Doing things the uv10 way…… uv10 was established by two experienced property professionals who knew from their experience in overseas property markets exactly the type of product and returns investors required, and how difficult this was becoming in the more “traditional” The uv10 team prides itself on exceeding all investor expectations with a fresh, new approach, and with new property at the very best prices that it will ever be made available to the public. That, to uv10, means one thing - Brazil, where purchasers are being offered the all too rare combination of exciting short term gains along with long-term security. End
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