Property investors in overseas markets traditionally buy residential apartments near the beach, whether or not they intend to use the property themselves, they feel comfortable with a property that they would like to live in or use. This works well because if you like it, it is likely that others will too but professional investors buy with the head not the heart and usually avoid the small beach front units in favor of product more suited to the local market.
This investment tactic is particularly worthy of thought when looking at Joao Pessoa, the city is growing fast and that creates demand in housing for regular Brazilians, most people know there is a massive housing shortage in Brazil and many companies are grappling with the lower end basic or low-cost housing but there is demand in other areas as well.
Rio Jau is a property for middle class families, it’s in the right location, the apartments are the right size, the developer is strong and his buildings are always popular with locals. This developer recently completed a triple tower building in Bessa, we got many of our investors in early and everyone was delighted, most sold for a decent capital gain and the others kept the units and we rent them out long term 100% occupancy with a strong yield.
This is a new launch project from top local builder Conserpa / ENGER, this project is for two towers, tower A will be two apartments per floor, tower B will be three apartments per floor.
The location;
Rio Jau is perfectly located for it’s target market, the project is in the area of Bairrio dos Estados which is easily accessed and is between the beach areas and the commercial areas. Its not a poor area by any stretch of the imagination, Alpha Vile a national developer launched their first project in Joao Pessoa, just yards from this site, it was the fastest selling project in the companies history.
The building;
Two residential towers with exceptional communal facilities including; a water park, sports court, swimming pool and relax deck area, party room, games room, night club, wi-fi zone, play areas for the kids, home cinema, gym spa and gourmet room. 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!
The apartments;
There are two towers with 27 residential floors per tower, each floor in tower A has two, three bedroom apartments, each floor in tower B has three units, two with three beds, one with two beds.
The developer;
Those that know Joao Pessoa will be familiar with the developer, Conserpa have just celebrated their 40th anniversary and continue to deliver popular buildings on time and to a high standard.
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