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Reef Club Resort-Pernambuco, Brazil

'The Reef Club Resorts', a unique worldwide concept in modern luxury resort destinations with health, vitality and the natural environment at its very heart.

THE DEVELOPMENT

This master-planned luxury golf & beach resort consists of two significant master phases totalling 560 hectares, which have been sub-divided into 15 smaller phases and will result in the creation of a modern holiday home resort with a 2 million m2 protected nature reserve and 5km beach frontage. The outline planning consent of this tropical paradise projects 481,500 m2 of constructed area. The development will total 75,000 m2 of commercial space consisting of hotels, restaurants, retail and state-of-the-art marina.

This eco-community will consist of 4,500 spacious - modern - luxury - high quality residential cottages and villas, two 5* hotels and three branded 'boutique' posadas, built combining wood and the very best of natural, local materials. These residential villages are scattered amongst lagoons and gently sloping wooded hillside, joined together by walkways, bridges and streams, and offering stunning views through trees, across sands and out to the rolling expanse of the Atlantic ocean.

'The Reef Club Resort' places its emphasis on health and vitality, incorporating the very best in sporting and recreational facilities. Guests are invited to awaken their senses in one of the resort's spas or natural treatment centres, plunge themselves into one of the swimming pools, or perfect their swing on the signature 18-hole golf course with academy & upmarket club house. For those preferring a more structured approach to their sporting activities, the equestrian centre, tennis academy, sailing & fishing club, water sports centres, dive school, and 300-berth marina with associated retail facilities are all waiting to be discovered.

A place to be as active or as relaxed as you wish, 'The Reef Club Resort' offers a tranquil retreat for those seeking seclusion, or the perfect location for those who value the finest array of sporting and leisure facilities. The extensive sporting and recreational facilities will be complemented by various state-of-the-art spas offering the very latest therapy treatments, along with the juice bars and international & Brazilian kitchen restaurants, and of course all fully focussed on using natural ingredients.

THE PROPERTIES

What is being released right now to the overseas investors market are 260 low-rise two and three bedroom luxury apartments in Phase 1 of this typical tropical top quality beach house style. Featuring wood and many natural materials, while the ethos of the resort will place a strong emphasis on health and well-being. Isn't is all about getting in first and have the best choice at the lowest price?

Phase 1: 260 units in total
- 205 2 bedroom apartments of approximately 85m2 each
- 55 3 bedroom apartments of approximately 105m2 each

Payment Terms

30% deposit on contract
70% on completion

Finance available

Developers Mortgage is in place. Financing for 70% LTV through Grupo Santander.

Sales process

- sales only start when all building licenses are in place
- bank guarantees through Grupo Santander
- rental guarantee program in place based on 5% per annum
- construction starts in 45 days
- completion 1st quarter of 2009

The area

Nestled on the North East coast of Brazil, 80km south of Recife in the state of Pernambuco, lies just over 560 hectares of prime land, swathed in mangrove glades and boasting over 5km of exclusive, pristine palm-fringed beach. This beache is in high demand by the strong domestic second home buyers who love this hotspot because of its tranquility and already existing infrastructure with an advanced road system and excellent transport links both internally and abroad through the international airport.

The property prices in North East Brazil have doubled in last 3-4 years: because of the booming local property market quality properties at good prices are very rare. The property market is just opening up to overseas buyers and prices are expected to appreciate 25-30% per year. Now you can get into the Brazilian property market at a very attractive price of only €1,650/m2. Brazil is one of the most promising emerging markets, expected to be 5th largest economy by 2035 according to Goldman Sachs. This part of the world is the favorite destination for overseas property buyers because of its property value appreciation, rental possibilities, safety and new infrastructural developments.

The quality of life is incomparable: mild tropical climate (27ºC all year round), unspoilt nature, endless tropical beaches filled with coconut trees and its culture of enjoyment. You will be conveniently flying in to the International Airport of Recife.

The buying Process

The freehold property ownership in Brazil is protected by a government controlled system of public notaries and land registry. The banking system is very safe. All money transfers are blocked by the Bank of Brazil until evidence of the purpose of the funds is provided. Once provided, the funds can be cashed in the beneficiary account.

The local authorities are 100% strict with licences. You simply can't build without the building license. Also remarkable are the efforts of local authorities to preserve their environment. This environment licence is called "CREA" and difficult to obtain, and developers are continuously monitored based on the parameters expressed in the license. All developments need to be registered first in the so called "registro do incorpocaçao" prior to any marketing activity.