Pre-release Sky Spa Residences at Natal's most élite private resort
Unique opportunity to become part of the finest and most exciting 5-star hotel branded resort on Brazil's north-east coast. Register your interest for our upcoming Sky Spa Residences with private jacuzzis, luxurious furnishings and lagoon style pools in this most special of places, the most dramatic and beautiful location on Natal's northern shores.
Pre-release registrations only can secure units for £98,000.
Brazil Property News: Buyers aboard must use 'commonsense'
3rd September 2007 01:00
Brits buying abroad are being advised not to be seduced by sunshine and use commonsense when making an investment.
Britons are currently own 250,000 properties aboard worth £24 billion, according to the Office for National Statistics.
Bill Jackson, director of Jackson International, explained that when people go abroad "their heart goes to their brain and they go ahead because it is such a lovely area" when buying property.
"It is not difficult if you use your commonsense, but you need to ask all the right questions and make sure [you have] all the information. Go to a professional company… who will be able to point everyone in the right direction."
He went on to warn potential investors about "sophisticated" mortgage process that existing in the foreign property market.
"What happens usually is most people in the UK will remortgage their property to get a reasonable deposit and then they would use that as a deposit over there. If you were buying offplan or off a developer, they will provide funding normally through a bank," Mr Jackson said.
"It depends on how large the mortgage is. But they do require all the information…the same you would need in the UK… [The checks are] very similar."
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How to invest in Brazilian property
When it comes to property investment, the early bird really does catch the worm.
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- Why its all happening in 2008
- All about Brazil's "hot property zones" Natal, Pipa and Bahía
- Brazil buyers guide
- More about uv10, your dedicated Brazil property specialist
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