Paradise Beach is a beachfront city development, appealing to both the domestic and foreign markets.
- Located on a prime beachfront plot close to Maceio city centre and within the city's expansion plans
- The city has over 1 million inhabitants and the property market is fast growing due to a strong domestic demand
- The foreign market has begun to take a keen interest in the city's investment potential
- No more beachfront land available in the city
- The city is expanding towards the north, around the development location
THE INVESTMENT
This project is ideal for both a short and long term investment.
- Strong capital growth
- High potential rental yields based on a strong domestic demand
- Offered at 10% discount
- Five floors secured exclusively
THE EXIT STRATEGIES
The development is located to benefit from both a primary and secondary market, as it is an urban city investment with a front line beach position.
The primary market - Domestic
- Domestic mortgage market set to increase 600% by 2014
- Current economic growth within Brazil and increased ability for Brazilians to obtain mortgages, open up such projects to a wider proportion of the domestic market
- For re-sales and rentals, the market is expected to be supplied by residents of Maceio. With a fast growing middle-class economy and already over 1 million inhabitants, a clear primary market is already in place for this type of investment
The secondary market - Tourism
- Brazil is becoming ever more popular amongst foreigners, and also remains the main destination of choice for Brazilians. Beach-front properties are in high demand, especially those within close proximity of the city centre
THE SECURITY
IPIN confirms that this project has passed all necessary checks as part of its due diligence process.
- Full planning and licenses in place
- Five year building warranty
- 100% freehold units
THE DEVELOPER
Award winning local developer and construction company, Cerruti Engenharia, a company with a long and strong history in property development.
Projects completed by the developers include:
- Edificio Bertolucci
- Edificio Montceny
- Edificio Centro Empresarial Business Tower
- Edificio Piazza bella Vista
- Edificio Grand Lavoisier
- Edificio Citta di Pontremoli
The company has won the ADEMI awards for the best new development in the years 2000, 2002, 2003, 2004.
Development Timetable
| Construction Start: |
4th quarter 2008 |
| Construction End: |
2nd quarter 2010 |