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Investment Apartment Off-Plan & Beach Front in Joao Pessoa, Brazil

Apartment in Tambau, Joao Pessoa, Paraiba

2 Bedrooms
2 Bathrooms

Ref: Joao-Pessoa-Apartment-2016-002
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Property Features  

  • Prices from R$270,000 (please see price list)
  • 58 Apartments over 7 Floors
  • Various Sized Apartments from 58 sq. meters upwards
  • Two Bed
  • Two Bath
  • Year built / to be completed:  December 2013
  • Car Parking: Underground parking with reserved spaces for each apartment.
  •  Large courtyard communal swimming pool and relax deck area,
  • Other communal facilities include, gardens, party room, games room, gym, reception and security point

Finance / Costs  

  • Developer / Sellers Finance Available: - Yes (see below) 

 

 

Apartment in Joao Pessoa, Paraiba

OFF-PLAN / SCHEDULED COMPLETION 2013

 

A new launch project from top local builder (who have just  their have just celebrated their 40th anniversary), this property consists, mostly of two bedroom two bathroom residential apartments with generous communal facilities.  This prime investment property is just one block from the famous Tambau and Cabo Branco beaches in the number one road in Tambau, Ave. Antonio Lira.


There are 58 residential apartments over 7 floors with a large courtyard communal swimming pool and relax deck area, other communal facilities include, gardens, party room, games room, gym, reception and security point.  There is underground parking with reserved spaces for each apartment.  Conserpa are a good builder, the build quality and finishing’s will be of a high standard, communal areas will be delivered with basic fit out.  Expect this building to be on time and to look at least as good as the pictures!

 

This project is scheduled for handover in December 2013

 

DEVELOPER FINANCE AVAILABLE

 

The apartments;
There are several types to choose from;

On the ground floor there are 4 larger garden units with between 1056 – 1290 sq.ft, these are two bed, two bath apartments which open out on to private walled gardens.

The bulk of the apartments are on levels two to six, there are nine units per floor ranging in size from 635 – 887 sq.ft, these units all have terraces and one private parking space. The best units are the higher up ones facing the ocean, types 1,2 & 3 although all the units will make great buy to rent apartments due to the outstanding location.

The developer;
Those that know Joao Pessoa will be familiar with the developer who has just celebrated their 40th anniversary and continue to deliver popular buildings on time and to a high standard.


Apartment Location & Area within Joao Pessoa, Paraiba

 

Joao Pessoa is a growing city a great investment destination, a place with plenty of space to expand both physically and price wise.  JP is attracting wealthy re-locators from Brazil’s mega cities who come for the climate, security and organization of the city as it emerges as a prestigious place to live the expansion fuels steady sustainable growth in the property market.

 

This apartment block is in a super position, it’s 80 yards from the Epitacio Pessoa, the main road linking the beach city to the commercial districts and 100 yards from the beaches and boardwalks of Cabo Branco and Tambau.

 

In front of the building is a vacant block which will one day be developed, it is likely to be a town hall project, a tourist center or possible tourist market area but whatever becomes of it, the planning laws would limit the height so upper floor units in the block should have a permanent ocean view.

 

 

 

Apartment Deposits & Payments Terms

Payment plan examples;

Plan A.
20%?deposit, 30 monthly payments of 2% and 20% on handover.
Plan B.
20% deposit, 20% in 9 months, 20% 18 months, 20% 24 months, 20% 30 months.
Plan C.
33.3%?deposit, 33.3% in 15 months, 33.3%?at handover.


Plans A,B & C, qualify for the 5% discount.

Plan D.
Deposit 20%, 60 monthly payments of 1% and 20% at handover.
Plan E.
Deposit 10%, 60 monthly payments of 1.5%


 

Purchase Costs & Taxes of Apartment in Joao Pessoa

In addition to the listed price for this Real Estate in Joao Pessoa, Brazil, the following costs / fees will apply to your property purchase:

  • Property Transfer Tax (ITBI) - 3% approx (to register the title of the property in your name payable to Town Hall)
  • Registry Office Fee -3% approx (payable to the Notary Office)
  • Brazilian Lawyer (optional but recommended) - 2% of property price to act on your behalf throughout the purchase process.

The Joao Pessoa area has a total of 6 Municipality Areas namely: Bayeux, Cabedelo, Conde, Lucena, Santa Rita and the City of Joao Pessoa

 

 

Running Costs of Investment in Joao Pessoa

 

Monthly Utility and other costs directly associated with this apartment in Joao Pessoa can be obtained upon request.

 

Below is a list of other costs associated with running your property investment in Joao Pessoa.

  • Council Tax / IPTU Tax - around 1% of the property price per year
  • Water & Electric - Charged on consumption
  • Condominum / Gated Community Fee (if in condo)

When buying a house or apartment in Joao Pessoa, Brazil it is important that you pay the appropriate council rates (usually around 1% of the property value per year) and condominium charges (if applicable), as your home in Brazil is at risk if you do not keep up these payments. 

 

 

Investment Rental / Yield   (Rent out your Investment in Joao Pessoa, Brazil)

 

 

The Joao Pessoa Estate Agent office have a rental and management department who will manage your property investment in Brazil (if you require a property Management Service in Brazil).  We are happy to provide estimates of rental projections and anticipated yields for your property in Joao Pessoa.  Both Natal and Recife will be Host Cities for the 2014 World Cup, international tourism will recieve a massive boost from this event together with the 2016 Olympic Games in Rio.

 

What about the Olympics and Soccer World Cup??
Much is made of the Olympics and Soccer world cup, the country will be the focus of the world during these events.  When it comes down to it, the Olympics are in Rio, there are some events in other areas but the main events and main effects will be there.? The Soccer event is different, several cities will host games, these “host cities” are expanding to facilitate the hundreds of thousands of fans during the event and will benefit from some infrastructure improvements but after the blip there will be a period where supply far outstrips demand and prices will fall as thousands of sellers compete for a handful or buyers.  Joao Pessoa is not a host city but sits between two other cites who are.  Recife and Natal are each, one and a half hours by road away from Joao Pessoa which will make JP a popular base for supporters.

 

Who will rent these apartments?
These units are extremely rentable, the perfect configuration in the perfect location.  As short-term rentals they tick all the boxes, you don’t need a car from here, everything is within walking distance, international and national tourist will love these units! As a long term offering they are also going to be very popular, we rent pretty much anything in this area so these well proportioned (by Brazilian standards) apartments will be in high demand by locals wanting the ideal mix of sixe, location and accessibility that this project offers.
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* All properties are sold in Brazilian Reais (symbols R$ or BRL). Currency rates will depend upon your banks conversion rate at the time of transferring the monies. The current conversion rates used on this site are €1 = R$2.25, £1 = R$2.75, $1 = R$1.78. To check the latest rate 'spot rate' with Bank of Brazil click here.

Consider using a Money Transfer Agent to Transfer Money To Brazil, offering better Exchange Rates than High Street Banks.

Prices displayed do not include other associated purchase costs such as Government Purchase Tax, Legal Costs, Admin and Furniture (unless stated).