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It is situated in the Tirol neighbourhood, one of the best areas of Natal's city centre. Tirol is according to recent studies, the neighbourhood with the highest real estate revaluation of Natal. This is due to the economic situation of the country, with a growing middle class demanding this kind of product. The tremendous shortage of housing units for this middle class(a shortage of 3 million units is estimated in NE Brazil), together with mortgages being available for locals result in almost all similar products being sold by local developers to the local market in pre-launch. Over $670 million has been invested by the Brazilian Government in the PRODETUR/NE program into improving transport, infrastructure, environment and tourism management in the area. Due to the success of this initial investment, the Government has released the second phase of investment, PRODETUR/NE II, which pledges a further $400 million. $130 million of this extra funding, will be invested into the construction of a breathtaking transportation hub and airport in Natal, due to be ready by June 2009 and becoming the eighth largest airport worldwide. Having the above in mind, this is truly a unique opportunity for international investors to secure an investment not available until now. Cosmopolitan Residencial consists of two 29 storey towers (Norte & Sur) joined together in the centre with 5 apartment per floor each, totalling 290 units. Some units have sea views and some river views. The Unique Selling Points of this development are: - The interesting payment scheme and the 3 years of construction give a great financial leverage
- Great value appreciation
- Very clear exit strategy: Resale to the local market not having to rely on the international real estate trends. This is thanks to the shortage of quality housing for the upcoming middle-class, growing bank mortgage facilities in the Brazilian market.
- Superb location
- Above all this is the first time that Europeans have the possibility of buying a pre-release of this type of residential product which is normally sold out very fast in the local market by the developers
- Booming Property Market
- Entry Level from ONLY £14,452 or €19,662
- Prices From ONLY £48,172 or €71,295
The payment terms are: - 3.000€ Reservation
- 30% at contract
- 20% Start of construction (January 2009)
- 30% End of Structure (January 2010)
- 20% Completion (January 2011)
Some of the facilities are: - Panoramic elevators
- WIFI
- Swimming Pool
- BBQ area
- Gym
- Parking included
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