By Ronan McMahon
Real Estate Trend Alert
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.
In January I told you about the opportunity we have in Costa Rica’s (formerly) undiscovered lake country of Arenal. It’s in a project called The Preserve. Guess what? The market in Arenal there has taken off. The early-in window of opportunity is closing. The best lots are being snapped up and prices are rising. For now we can buy a lake view lot “off market,” perched above the boat dock, with a down payment of $2,500 and monthly payment of $187.50.
Last Friday I told you about the results of Ireland’s most recent fire sale auction. The catalog for the next auction (May 3) has been released. This time there are fewer apartments in the bigger urban centers. The focus is on commercial units. Some have tenants with leases of varying terms. Others are vacant. Homes and building plots scattered around the country also go under the hammer. Some are far from the big urban centers and will likely sell for a song.
In this dispatch, I’ll report on the results of Ireland’s latest fire sale. I’ll also look at some non-auction listings located along the scenic Ring of Kerry for less than $100,000.
In northeast Brazil, miles of wide and deep white-sand beaches connect little fishing villages and kite surfing outposts. A typical year has 300 days of sunshine. A typical day is in the low 80s with sunshine and refreshing breezes from the ocean. This is where Brazilians and Europeans come to vacation.
This is a stretch of coast you should visit first-hand to see the opportunity I have been telling you about. Today, I’m extending a special invitation
I want you to be the first to receive my invitation. After all, the schedule is designed for you. And with only 150 places available, it’s important that you have the opportunity to consider dates and act before these few seats sell out.
On December 16, I told you about a new pre-release opportunity called Piazza Coliseu in the Iracema Beach area of Fortaleza, northeast Brazil. You still have a brief window of opportunity…maybe just two weeks…to get in before the launch to the local market. At this point I expect prices will rise by at least 5%.
