By Ronan McMahon
Real Estate Trend Alert
I wrote to you in June on the eve of Greece’s second election in six weeks. Greeks faced a choice between the bad and the ugly. Continue with the agreed bailout plan—more austerity, more unemployment, more emigration, more downward pressure on already-dropping real estate prices.
I’d like you to invite you to a special event. This invitation is only open to members of our little group. Your five-star accommodation will be free. Your gourmet meals and cocktails on the beach won’t set you back a single cent. Call it a perk of being part of Real Estate Trend Alert. It’s an opportunity to visit and experience first-hand a stunning Caribbean resort community.
Everything is modern, new, and shiny. This area is convenient like Florida is to a New Yorker. The visitors I’m watching are desperate for some spring sunshine. Some (mostly Scandinavian or Russian) are even here to pick up real estate on the cheap. There are deals to be done.
As a member of our little group, you will know that I have been closely following the opportunities created by the collapse of Ireland’s property bubble. In particular I have followed fire sale auctions where we have been able to buy for as little as one-tenth of peak prices.
Imagine perfect, white-washed homes…and churches with rounded roofs…that cling to the sheer edge of an ancient volcanic crater. The sun sets like a fiery cannon ball at Oia. Yes, the black beaches are interesting, but here it’s all about the dramatic views from the crater edge. This is the Greek island of Santorini. My favorite. And like the rest of the Greek islands, real estate here is about to get dirt cheap—because of the great crisis the country faces today.
Along Costa Rica’s Southern Zone, the bright, thick, green jungle canopy rolls down to a coast of sandy beaches and rocky points. It’s truly stunning. One project along this coast stands out as the gold standard. It’s here that members of our group can buy with a down payment of $20,000 and interest-free monthly payments of $556. And where a small group (strictly limited to 13) of Real Estate Trend Alert members will gather this July 19-22.
In January I told you about my visit to the Gran Bahia Principe resort in La Romana, Dominican Republic. Plans call for a major new Caribbean beach resort town spread out over 1,500 acres…with close to one-and-a-half miles of beach. Since then I have been running the rule over this opportunity and negotiating an “off market” deal for RETA members.
As a member of this group, you will know about the strong opportunities we have in northeast Brazil. You also know about the miles of sandy beaches east and west of Fortaleza, and the charming beach towns. Of these, Cumbuco is my favorite. And because of a situation thousands of miles from Brazil, you could buy a lot in Cumbuco, in a gated community just back from the beach, for 62,000 reais ($30,500).
Brazil is on the up. Fortaleza is doing particularly well. Government policy calls for the creation of a mega manufacturing and export hub just outside Fortaleza. We can profit.
On Friday I told you about the opportunity to buy a lot perched above the shores of Lake Arenal…with a down payment of $2,500 and monthly payments of $187.50. This lot is in a project called The Preserve. Just below The Preserve and on the shores of the lake you’ll find one of Arenal’s most established projects: Turtle Cove.