North-east brazil developers struggle to meet demand

The North-East of Brazil is historically the country's poorest region, but all that has changed, according to agents. Rio Grande do Norte is on the move, posting the highest GDP growth in the country between 2000 and 2010. This growth has created a middle-class in the country and now? Property is booming.

Indeed, Rio Grande do Norte accounted for three-quarters of all Brazil property searches on TheMoveChannel.com, according to the portal's recent At a Glance infographic. As a result, developers are struggling to meet investor demand.

Samantha Gore, Sales Manager for Brazil-based uv10.com, comments: "Natal is now one of Brazil's fastest growing municipalities and property developers are busy keeping up with demand - demand that is coming from all directions. Wealthy Natal locals are snapping up homes for holiday rentals, seniors from cooler Southern states are keen to spend their retirement in the sunshine and the growing, increasingly well-paid, workforce is keen to get a foot on the property ladder. Add international investors ahead of the 2014 World Cup - Natal is a host city - and you have just some of the reasons why this is such a buoyant property market."

For those who prefer beach life to city life, the resort of Ponta Negra, a swift 15 minute drive south of Natal's busy Centre, is an attractive prospect. Probably the most famous beach in Natal - so much so that they call it the "Postcard of Natal" - this 3km stretch of white sand, stunning Dunes, hotels, restaurants, beach Bars and surfers is proving hard to resist for buyers.

Samantha continues, "We're promoting Natal Beach Cup, a development of 23 one and two bedroom holiday apartments in Ponta Negra. The developer is so confident of the project's earning potential that, upon completion in June 2014, he is guaranteeing a four-year 6% rental return or full rental management for those choosing to operate outside of the guarantee. For clients wishing to resell to the local market, the developer offers assistance in this area too, making your exit strategy that much more assured. Fully licensed and priced at 15% below the nearest comparable development, a one bedroom can be picked up from 110,059 Reais, that's just 33,477 pounds, a superb entry level investment."