Designed specifically for real estate investors looking for turnkey, hassle-free rental income, these condos units, located in northeastern Brazil's most popular resort zone, provide investors with an opportunity to earn high net rental income on autopilot.
Impar Engenharia Ltd. (www.imparengenharia.com.br), the principal developer, is a debt free company, in business since 1999, with an established track record delivering 2,800 properties–commercial and residential–in Brazil.
This beachfront condo development will be constructed on the point of a beautiful peninsula with two amazing beaches. Located in the village Pontal de Maceio in the municipality of Fortim on the northeastern coast of Brazil in the state of Ceará just minutes from Canoa Quebrada and Aracati and just one hour from the state capital, Fortaleza—Brazil's 5th largest city.
Within walking distance you have a variety of restaurants and beach bars.
The community is easily accessible to international and domestic visitors.
You have the international airport in Fortaleza, which recently expanded its number of direct international flights, plus a newly opened airport in Aracati expected to receive its first domestic flights this year.
Access for regional tourists has been improved with the recent expansion and renovation of CE-40, the main highway that runs along the east coast.
The region is already extremely popular among Brazilians tourism continues to grow, both domestic and international, with increased access to the area.
As tourism grows so does the increase in short-term rental demand. Right now, the average occupancy rate in Canoa Quebrada is around 88%, 9 points higher that the state average of 79%.
The capital appreciation upside in this area is strong as well.
The most luxurious beachfront homes in the state of Ceará are located in the Fortim municipality. Plus, with more domestic and international visits, thanks to improved access, the demand for second homes further driving up property values.
The Point - Beachfront Condos will be situated directly on one of the most impressive beaches in the state of Ceará where you can enjoy ocean views in almost all directions as this is a peninsula.
The condo units, sized at 44 square meters (474 square feet) will feature one bedroom with ensuite bathroom along with a modern kitchen area that opens up to a combined living space. Ceiling height will be at over 9 feet! Each unit also has an outside terrace area allowing residents to take in the ocean breeze and beach views.
Ground level units will have a small private garden area.
All of the condos units feature direct ocean views and direct beach access.
The price of condos start at $77,000.
Developer financing is available.
The terms are 25% down (or $19,250) with interest-free payments over 24 months.
Pay all cash up front and get a cash discount of US$10,000 reducing the price to just $67,000 for the lowest priced unit.
All-inclusive furniture and appliance package (optional).
The residents of the condos at Pontal will enjoy onsite amenities including:
Residents are walking distance to several beach bars and restaurants serving everything from seafood to pizza to ice cream.
Just minutes away, in the towns of Canoa Quebrada and Aracati residents will have access to a large supermarket, shopping mall, pharmacy, and hospital.
Residents will also have access to outdoor activities like kite surfing, horseback riding, dune buggy riding, paragliding, and ATV 4x4 tours in nearby Canoa Quebrada.
With the growing tourism and development taking place along this coast, a beachfront condo in this area presents you with an excellent rental income opportunity.
With the state of Ceará's ongoing initiatives to promote the area as a tourist destination for foreigners, Brazil's recent visa changes, and expansion of domestic flights we anticipate that rental demand in the area will continue to grow allowing you to charge higher rates further increasing your yields.
On top of all that, these units are fully turnkey. In other words, you'll be able to earn rental cash flow on autopilot.
We have a first-class rental management team in place, who'll manage the units on your behalf, with extensive experience in the area along with an existing database of rental clients.
They'll take care of everything from:
Further, owners don't have to worry about furnishing their condo. An optional furniture package (US$10,000) is available that includes everything needed to set up your unit for short-term rental: appliances, lighting fixtures, curtains, beds, TV, dishes, sheets, towels, etc.
The unit can double as a rental and vacation home, that ultimately becomes your retirement residence. To put it another way, you are using your rental income to fund your future retirement home.
"Dealing with Reserva da Praia was a very pleasant experience. This is my first overseas direct purchase of development land and they were very patient in answering all my beginners' questions. We look forward to 2020 and starting the building process on a beautiful beachfront villa."
- Robert Johannes
"The treatment of our purchase at Reserva da Praia was extremely professional. They were quick to respond to all of our questions and concerns. This transaction was smooth and we feel confident that in the future we will build a wonderful home on our beachfront lot. Many thanks to the team."
- Jeff Wetter
"The guys from Praia exercised great patience when I was dealing with them. They make the whole purchasing experience easy and relatively hassle free. I would absolutely consider using them again, for purchasing real estate internationally."
- Tanner Ledin
"My wife and I decided to purchase a beachfront lot from Reserva da Praia. After visiting Brazil to learn about the country, its people and the Real Estate laws we decided to purchase a piece of land on a beach development on the coast south of Fortaleza."
- Brian Gardner
"We were very satisfied with the time and attention given to us, helping us through the purchase process. We now have new friends as well as a great property investment in Brazil."
- Robert Kemp
"After doing a lot of research we have not only found a perfect real estate investment, but have made lifelong friends and we cannot wait to spend time in our beach townhouse. We would certainly recommend Reserva da Praia to anyone interested in purchasing a property in Brazil."
- Peter Kramer
"Reserva da Praia made the due diligence and purchase process easy and seamless. They have instilled confidence as we now look toward the building phase of the project."
- Tom Didier
"It has always been my dream to own a beachfront house in a tropical paradise. I am now in the process of designing my home. Everyone at Reserva da Praia has been very helpful and they made the process so easy. I feel very secure with them. Thanks for making my dream come true!"
- Chris Lewis
"We purchased a building lot from Reserva da Praia. This was our first purchase overseas we had many questions. They were a great source of help, not to mention much they were very patient with us. We highly recommend the Reserva da Praia team and will look to them for any future transactions."
- Ken Johnson
"We are very satisfied with our real estate purchase from Reserva da Praia. We would certainly recommend Reserva da Praia to anyone interested in purchasing a property in Brazil."
- Manoranjan Das
"We had looked all over the world for the perfect vacation home for our family, and ended up choosing Northeast Brazil because it has the most beautiful beaches and it gave us the most value of for money. We highly recommend Reserva da Praia to anyone even CONSIDERING something in Brazil."
- Mark David
"I decided to visit Brazil and see the developments before purchasing. My entire trip was arranged by the team from Reserva da Praia and they showed me various completed projects and their current projects. During my three day stay I visited several plots and properties and invested in both a land plot and a pre-construction unit."
- Susan Brown
"Working with the Reserva da Praia team has been an outstanding experience since day one. I purchased a pre-construction townhome and the team has walked me through reach step of the process. They made buying my first home overseas an enjoyable and easy experience."
- Andrew Hosea
"My Husband and I have made two investments in Brazil. We can't say enough about our experience with Carlos at Reserve da Praia. He was extremely patient with our numerous questions and always answered in a prompt manner. Thank you for all your time and patience. We are 100% confident with our decision to invest with Carlos and his group."
- Lisa Collett
"Dealing with Carlos from Reserva da Praia on two different projects has been smooth and easy. They have worked with me very efficiently to choose the right projects for me to invest in, and figure out the best plans and payment structure to fit my budget. Knowing they also have a long track record in developments in Brazil gave me additional comfort."
- Daunesh Alcott
"I've looked at other investment opportunities in Brazil over the years, but the vacation rental opportunity with the Beach Townhouses is by far one of the most exciting I've seen. I'm looking forward to the completion of our unit and the rental income it will produce."
- Lief Simon
"We took a Brazil Real Estate Discovery tour organized by Reserva da Praia. The tour was very informative and visited several developments within just two days. There was no rush, no pressure. Everyone at Reserva da Praia was extremely helpful. We ended up putting down a deposit on a property we fell in love with."
- Aaron Harris
How many condo units are available?
At the moment, only 24 units are being offered.
When will construction begin on the condo?
We anticipate construction of condos to start in October 2020.
When will the condos be completed and delivered?
We expect the condos to be fully constructed and delivered by December 2021.
How will unit owners receive rental payouts?
Monthly or quarterly, it's the investor's choice.
Is a Brazilian bank account recommended for unit owners?
It's not necessary and more of a hassle. The rental management company will send the rental proceeds directly to investors in U.S. dollars to their designated bank account.
How is the rental management company marketing the units besides Airbnb?
The rental management company will use several channels to market units including Airbnb, HomeAway, local newspaper ads, and their extensive referral network. They'll also leverage their existing client base, many of whom are repeat customers. They've been in business for a very long time.
Can foreigners own property in Brazil?
Yes, foreigners are permitted to own property outright in Brazil. Also, foreigners have the same property rights as Brazilians and will obtain a free & clear title to the property. It is no different than owning real estate in Europe or the US. Brazil is quickly becoming the world-leader in attracting foreign investment and immigration. There are literally millions of foreign nationals in Brazil who own property and businesses.
All you will need to buy and own property is a CPF number (tax registration number) which you can apply for via the Brazilian embassy in your home country or we can get it for you here in Brazil. This number is required in order to legally identify you for title purposes. It does not mean you need to file taxes in Brazil. The CPF is an important document required for anybody, Brazilian or non-Brazilians, who wishes to own real state in Brazil. We will be glad to assist you in obtaining your CPF.
+55 85 3272 9811
+1 904 674 6900
Rua Livio Barreto 1272
Fortaleza - Ceara