By Ronan McMahon
Real Estate Trend Alert
There’s something I never told you about my recent trip to Spain’s southern coast. If you review my full report from that area you’ll notice that the prediction I made about the La Duquesa condos—that they would sell fast—has come true. The units I recommended are now completely sold out.
“We will be raising prices Jan. 1st and I don’t think we will have much under $150,000 in the future.”
That’s the word from my developer friend at Rancho Santana. I believe him. Rancho Santana has the same parent company as International Living and Pathfinder. So I know they have deep enough pockets to weather pretty much anything, without dropping prices. They are seriously bullish on this stretch of coast.
Last month I told you about the opportunity we have to buy a pre-release lot in the Fazenda Imperial gated community. This community is designed for the new middle classes in the Fortaleza area of Northeast Brazil. As a reader of these alerts you will know that I’m bullish on the new middle class play in this part of the country.
Today I’m alerting you to a scouting trip in Costa Rica that takes place in just 13 days. The trip runs this December 5-8, 2013. It’s exclusive to RETA members…and if you take part, you’ll get a special price list—that hands you savings of up to $20,000.
Real estate bubbles send all prices too high. When they pop, they bring everything down with them. Sometimes too far. The same irrational views that drove the prices up help push them down, and for a short time quality properties become very cheap. In recent months I have come across two pockets of opportunity amid Europe’s crisis that fit this picture
As you know, members of our group can buy a pre-release lot in the Fazenda Imperial community in Brazil, at special member-only pricing and terms. The available inventory for this deal is limited—and running out.
Yesterday, I told you about an opportunity that 12 members of our little group have to visit a five-star community on Mexico’s Riviera Maya. This is an all-expenses paid scouting trip to the stunning Tao project where I’ve negotiated special discounts for RETA members on condos and townhomes.
One of the most stunning areas on my beat is Tulum on the southern edge of Mexico’s Riviera Maya. Its white-sand beaches, ancient ruins, white-bottomed lagoons, nature preserves, caves and cenotes make it stand out. On Wednesday, I told you about a new deal I am currently researching in this area. It’s too early to say if this development will be our next big opportunity as I’m still scrutinizing the project. However, if Mexico’s Caribbean coast is on your radar, I have another prime opportunity for you.
I’ve scouted an exciting new deal in Brazil’s Northeast where there is still a window of opportunity to profit. There are limited lots (only 43 left) for members at a special 10% discount with developer financing before the project launches to the local market. Find out more…
Imagine sipping a cool drink while listening to the sound of Pacific waves crashing against the rocks below. The ocean views are jaw-dropping. It seems a shame to leave your sunny spot by the pool at all. But you promised yourself a swim in one of the five beaches on your doorstep…or maybe some horseback riding on the warm sands…and you’ll relax this evening with dinner in The New York Times-acclaimed gourmet restaurant, with friends and fellow expats…