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Real Estate News Releases
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(EMAILWIRE.COM, October 07, 2008 ) Natal, Brazil - TheMovechannel.com, the leading international property portal, announces at the Natal Ocean Club development and properties in Brazil in the surrounding area. You can buy an off-plan one-bedroom flat in the less developed areas to the north of the city from as little as £27,000; or at the other end of the scale, a swish four-bedroom villa at the Natal Ocean Club (above), with sea views and infinity pools and access to the Club’s yacht and private beach, can be yours for £576,000.
Down the coast at Pipa, a three-bedroom semi-detached house in the leafy Pipa Hills enclave, complete with 3 communal swimming pools, is priced at £121,666 off-plan.
The properties generating most interest amongst foreign buyers – and popular with Brazilians, too – are condominiums: blocks of flats or gated communities with their own security, swimming pools and so on. Especially in Ponta Negra, a favoured holiday destination, condos often come with a holiday rental system in place and many developers offer rental guarantees of five per cent per annum or more.
Where
Natal (pronounced [na-taw]) is a north eastern state in Brazil and the capital city of the state of Rio Grande do Norte. Nicknamed ‘the city of the sun,’ Natal boasts more than 300 days of glorious sunshine each year, which is one of the reasons that it is such a popular Brazilian destination.
The capital city of the state of Rio Grande do Norte, Natal has a reputation for being one of the safest areas in Brazil and has a thriving tourist industry concentrated mainly around the Ponta Negra neighbourhood in the south of the city.
Natal has become the entry gate to some of Rio Grande do NorteÂ’s most beautiful beaches. Many of them are still semi-wild, but very lively, such as Pipa and Pirangi.
WhatÂ’s the Attraction?
A special place with a special vibe, this seaside city has untold natural beauty and an average temperature of 27 degrees C.
With its safe environment and close, relative, proximity to Europe and North America, Natal is a great location for the international investor looking for a property abroad or even for those looking to retire somewhere wonderfully tropical, but also affordable.
A brand new international airport is planned 30 km from Natal, scheduled to be completed for 2010. Once built, the airport is set to be the largest in South America, albeit only for cargo use initially.
The pending airport is one of the main reasons that investors are beginning to buzz around Natal, as it could eventually increase tourism and send property prices soaring through the roof.
Ease of Purchase
Brazil has the 11th strongest economy in the world and the largest in Latin America. A good currency exchange rate makes it cheaper for foreigners to invest and they are actively encouraged by 100% ownership of any land or property purchased.
In addition to sole ownership, itÂ’s also possible for property to be owned jointly by several legal persons at the same time through a form of co-ownership or condominium. A common form of co-ownership is purchasing property through a company, which can provide tax benefits.
To buy Brazilian property you must obtain a CPF number (“Catastro de Pessoa Fisica” - tax registration number), which you can apply for via the Brazilian embassy in your home country or in Brazil. This number is required in order to legally identify you for title purposes. The CPF is an important document required for anybody who wishes to buy real state or open bank accounts in Brazil.
Investment Potential
With favourable exchange rates, lower interest charges and competitively priced real estate, the property market in Brazil is in the ascendancy and over the last three years some areas in the North East have seen a healthy increase in capital growth.
With the Brazilian economy becoming more stable and Natal still considered an emerging market, many property experts believe that this seaside city is now a great area for investment.
A wave of new condominiums and off-plan developments have come onto the market, all priced attractively and claiming to offer good value for money.
Overall, rental yields run somewhere between 4-10 per cent, although north of Natal, yields are as yet a moot point, since all the developments there are still in progress.
WhoÂ’s Buying?
Portuguese, Spanish and Norwegian developers and individuals have been buying here steadily for the last few years. Buyers from the UK are also on the increase as are the number of retirees looking for a safe haven to settle in.
How to Buy?
Cost of buying: The cost of buying runs to around 7-9 per cent
Tenure: Properties are on a freehold basis
Ownership: There’s no problem with foreign ownership, as long as you have a CPF – a tax/National Insurance identifier number, easy enough to obtain
Capital gains: UK residents pay 15 per cent capital gains tax on rental profits.
Tax on rental income: Non-residents earning rental income from Brazilian property are taxed at a flat rate of 15 per cent on the gross rent
Property tax: A municipal tax, typically around 0.5 per cent of the property's value
Rural property tax: This is levied on land outside urban zones. It ranges from 0.03 to 20 per cent, depending on the amount of land.
Dan Johnson, Managing Director comments:
“Many shrewd investors are turned on to Brazil at the moment, and for good reason, as the real estate market there is burning brighter than ever before. With wonderful weather, beautiful beaches and a safe environment, Natal is making a name for itself as one of the county’s leading lights for property investment.”
For more information on Brazil property in general please visit http://brazil.themovechannel.com/
- ENDS –
Notes to editors:
TheMoveChannel.com is a property website that was founded in 1999 as an online resource for buying, selling and learning about property. It now receives as many as 300,000 visits per month and advertises over 50,000 properties in nearly 90 countries, which are listed by over 500 partner organisations.
For further information as well as images and interview possibilities, please contact:
Dan Johnson
Managing Director
www.TheMoveChannel.com
0207 952 7650
TheMoveChannel.com
Jon Moore
020 7952 7658
j.moore@themovechannel.com 
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