Luxury Apartments with Great Investment Potential
£145,455 / $224,719 / €177,778 / R$400,000
Ref: Joao-Pessoa-Apartment-2016-001
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Property Features
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Type: Apartments
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Price: From R$400,000
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Dirstrict: Altiplano
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Bedrooms: 2/6
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Bathrooms: 3/7
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Built area m2: From 159m2
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Car parking: Yes
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Year built / to be completed: 2015
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Furnished: No
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Veranda: Yes
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Orientation: Various
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Air conditioned: Ready for split
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Staff quarters: Yes
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Bar-B-Que: Yes
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Private swimming pool: Some
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Hydro-bath: Yes
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Kitchen appliances: No
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Developer finance available: Yes
Communal Facilities
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Communal swimming pool: Yes
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Gym: Yes
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Sauna: Yes
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Gourmet area: Yes
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Games room: Yes
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Party room: Yes
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Laundry room: Yes
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Kids area: Yes
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Security: Yes
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Other communal: much more
Additional Features
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Area: Beach
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Rent to national market: Yes
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Rent to International market: Yes
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Rent long term: Yes
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Rent short term: Maybe
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Close to shops: Yes
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Close to beach: Yes
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Close to nightlife: No
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Paved road: Yes
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Close to public transport: Yes
Apartment in Joao Pessoa, Paraiba
OFF-PLAN / SCHEDULED COMPLETION 2015
This is (or will when built) be the tallest apartment complex and icon making it an ultimate residential address in Joao Pessoa, for now it’s the ultimate investment opportunity, take a look!
The tallest building in the Northeast of
Brazil, Triple use building, commercial, offices and residential, thee
entrances, three car parks, three separate condominium associations. Cutting
edge design, green and modern building techniques, The developer is Swiss.
This is a special project, take a look at the
design, this would sit happily in any capital city in the world and here it is
becoming a reality in Joao Pessoa, why, because Joao Pessoa is developing a
reputation as one of the best places in Brazil to live and work, so wealthy
Brazilians are heading for Joao Pessoa, to breath the clean air, to feel safe
walking the clean streets, to feel the sunshine on their smiling faces. Come and
experience Joao Pessoa for yourself and you will want to join them.
The residential part of the building is 38
stories tall crowned with a triplex penthouse apartment of over 10,000 ft2,
there are several different apartment types ranging from 150 to 350m2, there are
standard layouts but investors are invited to sit down with the architects and
design their own internal space, so if you want one bedroom and an huge lounge,
you can, if you want six bedrooms you can have them. The standard designs will
take some beating, image sitting in a large jacuzzi bath inside the master suite
in front of floor to ceiling windows with amazing night time views of the city
far below.
The communal leisure areas will be second to
none and include a 100m swimming pool, gym, lounges, cafe, it goes on and
on…..
DEVELOPER FINANCE AVAILABLE
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.
Altiplano is the fastest growing area of the city, both city and state governments are investing in the area, the city is expanding it’s cultural and science park, building a performing arts center and the state government is building a 9000 capacity conference and events center.
At the point where Altiplano meets Cabo
Branco is the pocket, an ultra high end area where developers are trying to
build their signature buildings.
Apartment Deposits
& Payments Terms
The standard payment plan is 20%
down, 60 months at 1% a month ie. 60% and a balloon payment at handover of the
remaining 20%.
The developer is flexible on payment plan but you should
be prepared to put down a minimum of 10% deposit on the deal.
The
constructor is a strong and well regarded developer and the payment plan is
great for investors looking to leverage the cost, the back and payment can be
set at up to 40% which works well for the professional investor looking to sell
at completion.
You must always be aware of
the effect of the inflationary INCC charge that applies to your outstanding
balance during construction.
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 typical costs associated with running your property investment in Joao Pessoa.
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Council Tax / IPTU Tax - around 1% of the property price per year
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Water & Electric - Charged on consumption
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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.
What about the Olympics and Soccer World Cup?
Much is made of the Olympics
and Soccer world cup as Brazil 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 of buyers. Joao Pessoa is not a host city but sits between
two other cites who are, both Recife and Natal are only one and a half hours by
road away from Joao Pessoa which will make JP a popular base for
supporters.
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 which will benefit Brazil generally.
* 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' click here. Prices do not include the usual purchase costs associated with a property purchase ie. Government purchase tax, legal, admin and furniture.