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Palm Springs, Natal Quickspec
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Development name
Palm Springs, Natal, Natal, Brazil
Type
Coast
Status
Land and Off Plan
Planned Completion Date
Land and Off Plan
Features
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Invest early into one of the fastest growing emerging markets |
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Front-line beach location with luxury facilities |
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Low density development in a prestigious area |
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Palm Springs, Natal One of the most important aspects of buying any property or land in Brazil is the location and this is where Palm Springs Natal excels. Situated within the town of Muriu, this is one of the most affluent areas in the Natal region and Palm Springs Natal provides an exceptional opportunity to own real estate in one of the most beautiful and sought after locations in the world.
Palm Springs Natal is set within 100 acres of land in this premier location and will incorporate 431 fully serviced land plots each with their own individual title deeds. The land plots are available for investment only or for the design and build of a choice of 4 stylish villas built either by the developer or your appointed constructor. This stunning development is situated just 30 minutes from the International Airport and 15 minutes from the new International Airport, ‘Sao Goncalo do Amarante’.
Surrounded by beautiful tropical paradise Palms Springs Natal sits just 200 metres from one of the best beaches in Brazil. Here the climate is truly exceptional with almost all year round sunshine and low humidity. The unique location of Muriu is a traditional destination for the rich jet set from Sao Paulo & Rio de Janeiro and also attracts affluent Brazilians from Natal who consider Muriu as the millionaire’s desirable location.
This low density project has been sympathetically and carefully designed to contain beautiful features including a stream that flows gently through the complete development. The developer has implemented stringent building controls that will be regulated to encompass the investment needs of all clients, whether land banking or fulfillment of a dream holiday villa in this superb location.
Location Natal, Brazil Payment Terms Land Plot
Reservation fee £1,500
Balance payable within 28 days
Villa Payment Terms
Reservation fee £1,500
15 % - Deposit paid 14 days after reservation fee (in escrow)
20 % - On commencing foundations
25 % - On commencing sub-structure
25 % - On commencing roof
15 % - On completion of villa
Villa Dual Purchase (Zone A -Areas L, M and N)
Reservation fee £1,500
- 5 % - Deposit paid 14 days after reservation fee (in escrow)
25 % - On commencing foundations
30 % - On commencing sub-structure
25 % - On commencing roof
15 % - On completion of villa
Property Management Palm Springs exit options
Short term exit - (pre-construction) sell your plot
Following completion of the infrastructure in the first quarter of 2012, there will be a further period in which investors can enjoy surging growth in land values, without having to contribute any significant capital costs.
From 2009, this gives you between 4-6 years (dependant on zone) to bank your piece of land and watch the value climb.
In accordance with the zoned villa completion dates, owners can choose to start constructing a villa at any time from January 2012 but should be complete by the time frame indicated within the applicable zone, for example zone A, Q4 2013. At any point up to this time, investors can choose to sell the plot on to another investor or end user.
Medium term exit - (post construction) sell your villa
From January 2012, there will be an (approximately) 20 - 23 months, 32 - 35 months and 44 - 47 month build window, for zones A, B and C respectively. At the end of the stated years, all construction on the appropriate zones should be complete.
Constructing a villa represents a great way to maximise the margin on your investment, particularly if mortgage finance is available at the time. This is not guaranteed, but is looking increasingly likely given the economic situation in Brazil.
Long term exit - rent your villa
The villas on zone A will be complete in Q4 2013, with the whole project completing by the end of 2015. For many investors, this may prove to be an attractive location to own a holiday home or even a permanent residence.
The increasing wealth of the Brazilian population, future mortgage availability and growing popularity of the region should ensure that there is a buoyant domestic and international resale market.
However, the fantastic location and the easy access provided by the new airport will bring many new tourists to the area. Having secured your investment at Palm Springs Natal in its infancy, strong rental yields can be expected.
About the Immediate Vicinity Brazil is a carefree paradise of sun, sea, and tropical rainforests where the pace of life is enriched by the warm and friendly people. The Natal region is truly beautiful and benefits from an almost perfect climate that is ideal for relaxing on the sandy beaches and enjoying the tranquil surroundings. Natal is the capital city of the state, it is a vibrant city which offers the visitor an array of beaches, branded retail shops, restaurants and bars to suit all tastes and budgets.
Improvements in the infrastructure and strict conservation programmes to protect the natural heritage have made Natal a city of exceptional beauty. The nearby Dune State Park, aims to preserve the chain of sand dunes that surround the city, providing a natural gateway to the spectacular beaches of the State.
Natal is the closest point in South America to Europe and its close proximity to the equator means it enjoys a wonderful tropical climate making it the country’s most popular holiday destination.
‘Rio Grande do Norte’ is the state of Natal and covers an area of 53,000 square kms. Its climate and lush tropical flora and fauna combined with spectacular beaches have made it one of the leading destinations for tourists from Europe and across the World. According to NASA, this region has the cleanest atmosphere, after the Antarctic, and it is only 7 hours flying time from Europe.
New Airport
Palm Springs is situated just 35 kms from the existing modern international airport, Augusto Severo, in Natal. There has been huge investment in the creation of a second international airport that is set to be the largest in South America providing the rest of the world another great reason to invest in the North East region of Brazil.
Great excitement surrounds the construction of this second major international airport on the city’s northern flank, “Sao Goncalo do Amarante” is expected to be the largest airport in Latin America, and the seventh largest in the world. Palm Springs Natal, in Muriu, is located within 20 kms of this new airport. Once operational, it is realistic to expect a dramatic rise in tourist numbers to the region, which is likely to continue growing in tandem with increased air carrier routes and competition.
According to a Dow Jones News Wire, the airport will have capacity for 40 million passengers, is scheduled for completion in 2011 and has been budgeted to cost $560 million. Construction of the runways has already commenced and there is a possibility that the new airport will be incorporated into a free-trade zone. It is our expectation that once the airport has received full approvals, a significant leap in land and property prices in the northern areas of Natal will be seen.
World Cup
Natal has just been given the honour from football’s ruling body FIFA to become a host city for the 2014 World Cup. This coastal paradise will now be showcased on TV sets across the globe.
As Brazilian president Luiz Ignacio Lula da Silva said “soccer is more than a sport for us, it’s a national passion” and having won the Cup five times, they certainly have the credentials for a good event. It’s a real opportunity for Natal to enter the global stage and the real estate market has received a welcome boost.
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