Porto Dos Corais
Apartments from £26,445 (€40,000)
Porto Dos corais is set near Maracajaú - a peaceful coastal village with around 2,500 residents. Located 56 km north from Natal, Maracajaú is synonymous with peace and quiet.
The
small fishing village still retains its original charm, with sailing rafts anchored
on the sea shore. The people are very welcoming and their main source of
income comes from artesian fishing.
Maracajau’s never ending beaches with crystalline water, sea-front coconut groves, sand dunes with white sand and a large coral formation a few kilometers from the coastline occupying more than 13km², the biggest coral reef in Brazil, makes it place of stunning natural beauty. Thanks to the extensive coral reefs Maracajaú has become a divering paradise and not surprisingly, is also known as the "Caribbean of Brazil".
Ever since a road was built to give access to the village, Maracajaú has been
visited by an increasing number of tourists. Recently, the economic profile
has been changing, with investors arriving 
from all over the world to reveal
Maracajaú’s tourist potential. Almost all the land around the village is sold to
developers and the area will undergo a transformation in the coming years.
Maracajaú is nowadays one of the most promising beaches in the State of
Rio Grande do Norte, as far as tourism and investment potential is
concerned.
Next to the village is a large aquatic park and several golf courses will be developed in Maracajaú in the coming years (in total 10 golf courses on the north coast of Natal). Presently approx 150.000 tourists visit Maracajaú per year, and the number is expected to increase sharply in the coming years along with the development taking place in the area.
An excellent lodging and restaurant structure is already in place to unite peace and tranquility with comfort. Present activities range from horse riding, water sports, exciting daytrips in beach buggies along the coastline, fishing or simply relaxing on the beach. The village has a supermarket and pharmacy, and recently several new restaurants and small shops have opened in the village. Along with the coming development in the area, the infrastructure is set to greatly improve as well.
This idyllic fishing village and the climate with its constant breeze and dry,
equatorial trade winds, the people, the food and the low prices, all this makes
Maracajaú the perfect place to relax. However, if you want more “action”, in a
little over 30 minutes you can arrive in neighboring Natal with 800.000
inhabitants and all the modern facilities and nightlife you can wish for. The
prices are so low that you can go by taxi and spend the night in a hotel for a
small sum of money.
The new airport with an estimated completion in June 2009, will be just north of Natal and as a result Maracajaú will be reached from the airport in approx. 25 minutes by car. Maracajaú is perfectly positioned to benefit from the massive increase in tourism in the coming years. The environmental norms are very strict and as such, the authorities are very strict when it comes to granting building permissions. This will guarantee that the area remains a low density area.
Project Features
- 150 m from the beach of Maracajaú
- Gated community with 24h security
- Built to European standards (Scandinavian Developer)
- Total area: 69.000m2
- Green area: 35.000m2
- Restaurant
- Bar
- 6 swimming pools
- Spa & Gym
- Soccer field
- Tennis court
- Volleyball & basketball courts
- 341 units
- 1 & 2 bed apartments
- 2&3 bed villas
- Units delivered fully furnished, incl. air-conditioning
- A golf courses will be built next to the project and two more close by
- The responsible technical engineer’s last project, a 410 room 5 star hotel in Natal was awarded the price for “Best Beach Hotel in Brazil 2006”
- The architect has designed more than 1300 units in the Natal area
- Only development that offers bank guarantees
- Located next to a charming village with 2500 residents, restaurants, shops and aquatic park
- Building license is in place
Unit Types
All units delivered with built in spotlights, air conditioning, dishwasher, fridgefreezer, oven, washing machine, fully furnished, bed cloths, curtains, cutlery and kitchenware
Your Questions Answered
Will the property be freehold?
Investing in real estate in Brazil is as safe and easy as in any modern country like the USA or Europe. There are no restrictions for foreigners buying property and ownership is solid and secure; you own 100 % of land and property. All property sales are titled and foreign investors receive the same investment and possession rights as Brazilians.
What’s the next step?
For a foreign investor to buy real estate in Brazil the only requirement is that they have a CPF number - which is like a social security number. The number can be obtained within a couple of days and is a legal requirement as it enables the investor to be uniquely identified for taxation and title purposes. This is only needed at completion and the lawyer will assist you. The whole process can be done without visiting the country, providing that power of attorney is given to the lawyer. The Brazilian government has sophisticated and well developed real estate laws which protect the property owner whether they are a foreign or local owner and legal assistance should be sought for the entire purchase process to ensure the investor’s rights are properly looked after. Next, a sales contract is drawn up which details the full conditions of the sale and also acts as a receipt for the deposit paid. Assuming the purchaser already has the CPF number and notarized copies of their passport etc., the sales contract can be signed either in person by the buyer or by the lawyer acting for the purchaser if they have been given power of attorney. The title transfers can take a couple of weeks to be recorded.
Do I need a lawyer?
We recommend that you use a lawyer. We will introduce you to a lawyer based in Natal. It is important that the lawyer is local, since the laws differ between the different municipalities. The law office we work with, has a very good reputation locally and represent many of the big local companies.
What other costs can I expect?
You can expect to pay approx. 7-9% in purchasing expenses as follows:
- ITIV (similar to VAT): approx. 3,5%
- Title Deed(cost for the Notary office) : approx. 1,25%
- Registration of the deeds: 0,75%
- Legal fees: approx. 2%
If you add up these costs, you’ll come close to 7%. The reason we mention 7-9% is that in Brazil an additional tax is charged for federal land (this tax isfinally calculated on completion).
What running cost can I expect?
We estimate a monthly community fee between 50-100 euros depending on the size of the property. We have arrived at this number by researching other similar developments in Brazil and this number ought to be very close to the actual number. The annual real estate tax is 0,6%, but this tax is based on a value far inferior to the value of the property, i.e. the tax is minimal. What about Tax on profits? Income earned from property in Brazil is taxable whether the investor is resident or non-resident in Brazil. Non-residents are usually subject to a capital gains tax rate of 15% on any gains they make on properties in Brazil but both these taxation facts are subject to alteration depending on any double taxation treaties in place between Brazil and the investor’s country of residence.
Is my money safe?
Investor’s guarantee: The developer has a bank guarantee in place (Banco de Rio de Janeiro), which means any money paid to the builder is fully insured and it’s guaranteed the building will be finished. This bank guarantee eliminates any financial risk to the investor.
What about rental potential?
This area around Natal is a sought after holiday destination and is increasing in popularity at a fast rate. The rental market is all year round and with golfing opportunities coming, the rental market (along with increased rental prices) will grow rapidly. The first project that was completed in Maracajaú, is already working with tour operators. Due to the very attractive property prices, the potential for high digit future rental yield is very good.
Register now to download plans, brochures and prices
