By Ronan McMahon
Round Table
It’s a rare occasion that 13 of our top real estate experts gather in one room to discuss profit strategies…But that’s what happened at this secret closed-doors meeting in Mexico’s Playa del Carmen. We recorded this private get-together of insider intelligence, recommendations and deals so you wouldn’t miss out.
As a member of our little group, you will know that Ireland’s economy and real estate market is in deep distress.
Property sales had all but stopped until firesale auctions came to the country in April 2011. After a series of these sales, market clearing prices were set. Sale prices were 50% to 90% less than peak prices. Today, we’re two years on… and you can now buy at prices comparable to these auctions through regular channels.
I’ve just returned from my first scouting trip to Panama’s mountain country of Boquete in five years. Back in 2007 to 2008, the market became frothy and prices too high. I stopped visiting until now. This time, my trip threw up some interesting opportunities. The most significant development I noticed in Boquete is how real estate prices are at their lowest in almost a decade. I’m working on some special situation RETA members-only deals there which I will be telling you about in the coming weeks.
An opportunity on Spain’s Costa del Sol has my attention today. But upfront I’d like to draw your attention to a two of things:
1. My lawyers haven’t reviewed the paperwork relating to this deal or the mortgage offer.
2. I visited this area on my last scouting trip and stood outside this building. But I haven’t seen inside.
Despite these two things, I think you should know about the opportunity today because my hunch is the units will sell out before I make my next visit.
I’m just back from my second scouting trip to Mexico’s Riviera Maya this year. I’m excited to tell you about a new strong early-in opportunity in a project I visited. Before I tell you about the deal, let me remind you about the Path of Progress I’ve seen in this region. Not too long ago, Playa del Carmen, the jewel in the Riviera Maya, was a small village with sand streets. In the last 10 years, it rapidly became a hip beach town.
I’m writing to you today to remind you about a great deal we have on lots in northeast Brazil—but the prices will go up in three more days. Brazil is famous for its endless miles of white-sand beach, turquoise lagoons and buzzing city beaches. For many decades Brazil was regarded as the country of the future. The world looked on in envy at her beaches, beautiful people and staggering potential to be one of the world’s richest places. Today, Brazil has arrived. It’s a global power broker. It’s the world’s sixth-biggest economy.
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…
With only 390 lots spread out over 2,700 acres, it’s low density. It’s very private. While you can enjoy living in what feels like a secluded place overlooking the ocean, you are never too far away from the action. There’s a fabulous restaurant, grocery store, a tennis court and even yoga classes…
As a member of our little group, you will know that Ireland’s economy and property market is in a deep state of distress. The collapse of some real estate values has been of catastrophic proportions. I’ve told you in these dispatches about the opportunity to buy for 20% of peak prices…or even less.
Today, I’d like to tell you about a new deal near a pretty beach village in Brazil. It’s a great opportunity to buy a lot within commuting distance (10 minutes) of the port of Pecem I’ve been writing to you about. Pecem in north-east Brazil is set to explode with the creation of thousands of jobs there. All of the middle-class workers will need somewhere to live—and that’s why I’ve taken such an interest in the area.
