By Ronan McMahon
The opportunity in Iracema is strong. In two months, a major and reputable developer will launch a new condo project called Piazza Coliseu on one of the best plots here. The plans and the show apartment are ready. It will likely be the last week of February before he launches. After Carnival is when the real estate market really heats up.
We can get in now pre-release, with special member pricing and terms.
Just because things are sluggish or downright stagnant where you are doesn’t mean it’s like that everywhere. Right now, there’s a one-mile stretch of downtown, beachfront boardwalk that’s buzzing with commerce, progress and activity.
We could profit. I’ll show you how.
As a member of our little group you will know that we have a strong opportunity to profit on Ecuador’s north coast. A new highway has reduced drive time from the capital, Quito, to the coast. What once took eight hours now takes three and a half hours.
We can buy a lot in Jama Campay, a “best in class” project, with a manageable down payment and monthly payments of $416.
Joao Pessoa, in Brazil’s northeast, is surrounded by miles of beautiful beaches. The weather’s warm and sunny year-round. Roughly 75 miles from Recife and 110 miles from Natal, the city is the third oldest in Brazil.
This is where many Brazilians retire (young), vacation and buy second homes. In particular, the city is popular as a retirement destination for senior civil servants. They retire early from their government jobs. Active and healthy, they relocate here to start the next phase of their life.
That’s good news for the businesses of Joao Pessoa. As more of these wealthy young retirees move here, the city’s businesses have more customers. There’s more demand for services—like dentists and cardiologists and financial planners.
Times are good if you own quality office space here.
In June I visited Medellín, Colombia with friend and IL’s Roving Latin America Editor Lee Harrison. Lee was there to pull the trigger and buy. I was there to see first-hand if Medellin is a place we can generate a strong rental income with the prospect of capital appreciation.
Lee did indeed buy a property. A couple of weeks ago he filled me in on how things are working out. The proof of the pudding, so to speak. He followed up with the note below. This is valuable hands-on experience. Also, it’s worth drawing attention to how clear Lee is about his goals. Clear goal-setting is the first step that can be missed so easily.
As I mentioned on Thursday, I’m starting to see some activity and more realistic pricing for bigger ticket sales in the Irish property market. I’m talking about apartment buildings, country estates, luxury resorts and commercial buildings.
Let’s walk through some examples.
In six days, Ireland’s fourth and largest fire sale auction takes place in the luxurious Shelbourne Hotel in Dublin. In all, 112 lots will go under the hammer. I’ll be there.
As I predicted in earlier dispatches—prices are moving (slightly) down and yields up with each auction. More inventory is chasing a diminishing pool of buyers.
Last year I told you about an opportunity near Tulum, on the Southern edge of Mexico’s Riviera Maya. The project is called Los Arboles Tulum.
Real Estate Trend Alert members snapped up all 62 lots available last year, with member-only pricing and terms. This year, developer Greg Schnurr moved to the next phase of the project—home and lot packages, and community building. Twelve homes are under construction or at permitting stage. Many more are at the planning stage.
Greg has just opened up a new and final phase (called Tejon) of 20 lots. Eleven of these lots are only available “off market” to members of our little group. We get special pricing and interest-free finance.
On January 28th developer Benjamin Beja will launch the next phase of the Tao project. Last Friday I gave you a heads-up about this. Real Estate Trend Alert members can get in pre-release at special member-only pricing and terms.
Greetings from Quito, Ecuador. In a few moments, I leave for the north coast. This is Ecuador’s nicest stretch of coast. We have the opportunity to buy lots here with monthly payments of $500 or less. Because of the new highway we’ll reach the coast by 9.30 a.m. or so. In time for morning ceviche on the beach.
I’m looking forward to seeing the improvements in the coastal highway that runs south to Canoa since I last visited. I’ll send you my full report soon on the infrastructure developments and improvements at the Jama Campay project.
In fact, while the year is winding down…my travel schedule and deal pipeline is filling up. These are exciting times.
