A high-yielding, low minimum cost investment, perfect for entry level real estate investors looking to expand and diversify their portfolio internationally, providing you with a turnkey, hassle-free rental income asset in one of fastest growing tourism regions in Brazil.
Impar Engenharia Ltd. (www.imparengenharia.com.br), the principal developer, is a debt free company, in business since 1999, with an established track record delivering 2,500 properties – commercial and residential – in Brazil.
The beachfront villa development is situated in a master-planned community, Reserva da Praia, which translated means "Beach Preserve", is situated on the northeastern coast of Brazil in the state of Ceará on Retirinho Beach, just 15 minutes from Canoa Quebrada, 20 minutes from the town of Aracati (a population of around 75,000), and 90 minutes from the state capital, Fortaleza—Brazil’s 5th largest city.
Further, residents of Reserva da Praia have access to amenities like a supermarket, shopping mall, pharmacy, and hospital in the municipality of Aracati.
The community is easily accessible to international and domestic visitors.
You've got the international airport in Fortaleza, which recently expanded its number of direct international flights plus a newly opened airport in Aracati expected to receive its first domestic flights this year. In fact, in December 2019 the government of Ceará signed an agreement with GOL, a Brazilian-based airline, guaranteeing weekly flights to Aracati.
Access to domestic tourists has been improved with the recent expansion and renovation of CE-40, the main highway that runs along the east coast.
The region is already extremely popular among Brazilians tourism continues to grow, both domestic and international, with increased access to the area. From January to October of 2019, foreign tourist visits increased by 57.5% compared to the same period in 2018.
As tourism grows so does the increase in short-term rental demand. Right now, the average occupancy rate in Canoa Quebrada is around 88%, 9 points higher that the state average of 79%.
Even more, a major hotel chain has confirmed its plans to construct three new luxury resort hotel developments in the region, including one in the town of Aracati, just minutes away from the Reserva da Praia development. At least one of the resorts being developed is going to be a 7-star hotel - one of only two in the world.
With the development that's taken place, the capital appreciation upside in this region is strong.
Plus, as more Brazilians travel to this region, the demand for second homes will increase further driving up property values.
The Bungalows in Reserva da Praia, an exclusive, 14-unit complex, will be situated directly on the most desirable stretch of beachfront in the community.
The bungalow units, sized at 37 square meters (400 square feet), will feature one bedroom with ensuite bathroom along with a ultra-modern, small but functional kitchen area that opens up to a combined living space. Each unit also has terrace area with a small plunge pool perfect for grilling and entertaining guests.
All of the bungalows units feature direct ocean views and direct beach access.
High-quality, locally-sourced materials and finishes that are designed to weather the coastal climate will used in the construction of these units.
The price of bungalows start at US $57,000 plus closing costs and the cost of an all-inclusive furniture package (optional).
Developer financing is available.
The terms are 25% down with interest-free payments over 24 months.
Pay all cash up front and get a cash discount of US$10,000 reducing the price to US$47,000.
Construction is scheduled to start in the third quarter of 2020 with delivery expected at the end of 2021.
That means, you’ll be able to start earning rental income as early as January 2022.
Reserva da Praia has been designed to give residents a beach community village vibe with the luxury and exclusivity of a high-end resort.
Existing and Planned Amenities:
Residents will also be able to enjoy:
With its close proximity to Canoa Quebrada, one of Ceará’s most popular tourist destinations, Reserva da Praia has access to several restaurants, shops, and tourist activities like dune buggy rides, kite surfing, diving, paragliding, ATV 4x4 tours, raft rides, boat trips and, of course, several of Brazil’s most beautiful beaches.
And with the growing tourism and development taking place along this coast, a villa or home in Reserva da Praia presents you with an excellent rental income opportunity.
You'll be able to generate above-average yields due to lower holding costs and expenses plus your overall initial investment will be less than US$ 60,000.
With the state of Ceará's ongoing initiatives to promote the area as a tourist destination for foreigners, Brazil's recent visa changes, and expansion of domestic flights we anticipate that rental demand in the area will continue to grow allowing you to charge higher rates further increasing your yields.
On top of all that, these units are fully turnkey. In other words, you’ll be able to earn rental cash flow on autopilot.
We've got a first-class rental management team with extensive experience in the area along with an existing database of rental clients will manage the units on your behalf.
They’ll take care of everything from:
Further, investors don’t have to worry about furnishing their bungalows. An optional furniture package (US $10,000) is available that includes everything needed to set up your unit for short-term rental: appliances, lighting fixtures, curtains, beds, TV, dishes, sheets, towels, etc.
All investors have to do is invest and collect their rental income, which is sent to their bank account on a monthly or quarterly basis.
"Dealing with Reserva da Praia was a very pleasant experience. This is my first overseas direct purchase of development land and they were very patient in answering all my beginners’ questions. We look forward to 2020 and starting the building process on a beautiful beachfront villa."
- Robert Johannes
"The treatment of our purchase at Reserva da Praia was extremely professional. They were quick to respond to all of our questions and concerns. This transaction was smooth and we feel confident that in the future we will build a wonderful home on our beachfront lot. Many thanks to the team."
- Jeff Wetter
"The guys from Praia exercised great patience when I was dealing with them. They make the whole purchasing experience easy and relatively hassle free. I would absolutely consider using them again, for purchasing real estate internationally."
- Tanner Ledin
"My wife and I decided to purchase a beachfront lot from Reserva da Praia. After visiting Brazil to learn about the country, its people and the Real Estate laws we decided to purchase a piece of land on a beach development on the coast south of Fortaleza."
- Brian Gardner
"We were very satisfied with the time and attention given to us, helping us through the purchase process. We now have new friends as well as a great property investment in Brazil."
- Robert Kemp
"After doing a lot of research we have not only found a perfect real estate investment, but have made lifelong friends and we cannot wait to spend time in our beach townhouse. We would certainly recommend Reserva da Praia to anyone interested in purchasing a property in Brazil."
- Peter Kramer
"Reserva da Praia made the due diligence and purchase process easy and seamless. They have instilled confidence as we now look toward the building phase of the project."
- Tom Didier
"It has always been my dream to own a beachfront house in a tropical paradise. I am now in the process of designing my home. Everyone at Reserva da Praia has been very helpful and they made the process so easy. I feel very secure with them. Thanks for making my dream come true!"
- Chris Lewis
"We purchased a building lot from Reserva da Praia. This was our first purchase overseas we had many questions. They were a great source of help, not to mention much they were very patient with us. We highly recommend the Reserva da Praia team and will look to them for any future transactions."
- Ken Johnson
"We are very satisfied with our real estate purchase from Reserva da Praia. We would certainly recommend Reserva da Praia to anyone interested in purchasing a property in Brazil."
- Manoranjan Das
"We had looked all over the world for the perfect vacation home for our family, and ended up choosing Northeast Brazil because it has the most beautiful beaches and it gave us the most value of for money. We highly recommend Reserva da Praia to anyone even CONSIDERING something in Brazil."
- Mark David
"I decided to visit Brazil and see the developments before purchasing. My entire trip was arranged by the team from Reserva da Praia and they showed me various completed projects and their current projects. During my three day stay I visited several plots and properties and invested in both a land plot and a pre-construction unit."
- Susan Brown
"Working with the Reserva da Praia team has been an outstanding experience since day one. I purchased a pre-construction townhome and the team has walked me through reach step of the process. They made buying my first home overseas an enjoyable and easy experience."
- Andrew Hosea
"My Husband and I have made two investments in Brazil. We can’t say enough about our experience with Carlos at Reserve da Praia. He was extremely patient with our numerous questions and always answered in a prompt manner. Thank you for all your time and patience. We are 100% confident with our decision to invest with Carlos and his group."
- Lisa Collett
"Dealing with Carlos from Reserva da Praia on two different projects has been smooth and easy. They have worked with me very efficiently to choose the right projects for me to invest in, and figure out the best plans and payment structure to fit my budget. Knowing they also have a long track record in developments in Brazil gave me additional comfort."
- Daunesh Alcott
"I’ve looked at other investment opportunities in Brazil over the years, but the vacation rental opportunity with the Beach Townhouses is by far one of the most exciting I’ve seen. I’m looking forward to the completion of our unit and the rental income it will produce."
- Lief Simon
"We took a Brazil Real Estate Discovery tour organized by Reserva da Praia. The tour was very informative and visited several developments within just two days. There was no rush, no pressure. Everyone at Reserva da Praia was extremely helpful. We ended up putting down a deposit on a property we fell in love with."
- Aaron Harris
How many bungalow units are available?
At the moment, only 14 units are being offered.
When will construction begin on the bungalows?
We anticipate construction of bungalows to start in the third quarter of 2020.
When will the bungalows completed and delivered?
We expect the bungalows to be fully constructed and delivered by end of 2021.
How will unit owners receive rental payouts?
Monthly or quarterly, it’s the investor's choice.
Is a Brazilian bank account recommended for unit owners?
It's not necessary and more of a hassle. The rental management company will send the rental proceeds directly to investors in U.S. dollars to their designated bank account.
How is the rental management company marketing the units outside of Airbnb?
The rental management company will use several channels to market units including Airbnb, HomeAway, local newspaper ads, and their extensive referral network. They'll also leverage their existing client base, many of whom are repeat customers. They've been in business for a very long time.
Can foreigners own property in Brazil?
Yes, foreigners are permitted to own property outright in Brazil. Also, foreigners have the same property rights as Brazilians and will obtain a free & clear title to the property. It is no different than owning real estate in Europe or the US. Brazil is quickly becoming the world-leader in attracting foreign investment and immigration. There are literally millions of foreign nationals in Brazil who own property and businesses.
All you will need to buy property is a CPF number (tax registration number) which you can apply for via the Brazilian embassy in your home country or here in Brazil. This number is required in order to legally identify you for title purposes. The CPF is an important document required for anybody, Brazilian or non-Brazilians, who wishes to buy real state or open bank accounts in Brazil. We will be glad to assist you in obtaining your CPF.
+55 85 3272 9811
+1 904 674 6900
Rua Livio Barreto 1272
Fortaleza - Ceara