THE CORAL NORTHEAST BRAZIL Investing in an award-winning resort
An Award-winning Resort This luxury resort will become the number one holiday destination for Brazilians. The Coral will offer residents and visitors the ultimate well-being experience in harmony with breathtaking natural surroundings, nestled between a stunning natural lagoon and the warm waters of the Atlantic.
The Coral is located in one of the most beautiful natural environments in the world. BEST DEVELOPMENT BRAZIL The Coral Lake & Beach Resort by BRIC Group
Best DeVelopMent BrAzil the coral lake & Beach resort by Bric Group
The Coral has won six awards over the last 5 years including the Best Residential Development in Brazil 2014-2015 by Americas Property Awards.
The Coral is situated in an already established tourist location for Brazilians in the idyllic beach destination of Praia de Guajiru, in the state of Cearรก, Northeast Brazil.The resort will be a natural paradise of over one million square meters of beautiful sand dunes, exquisite Atlantic beaches, cool lagoons and tropical coco and palm plantations. The resort will be distributed across five individual communities that each take advantage of its own unique landscape. A comprehensive list of onsite amenities will be available including an eco-friendly boutique hotel, well-being centre, state-of-the-art fitness centre, a range of sports facilities and numerous retail and social conveniences including a beach clubhouse and lagoon clubhouse. Planning permission for a luxury resort style development with low density buildings and various onsite facilities was granted to The Coral in September 2013. The building of road infrastructure is already underway.
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THE CORAL INVESTMENT
Real Estate in Paradise The Coral will be a sustainable, low density development designed to be in complete harmony with nature and to ensure the skyline is kept as nature intended. The resort will offer 700 exquisite building plots grouped into small enclaves of around 20 villas and three condominium complexes. There will also be various commercial buildings for retail outlets and a boutique hotel. Plot sizes range between 397.5m2 and 1,060m2. (4,284sq.ft. and 11,410sq.ft.). Seven villa designs in our Brazilian, Modern and Rustic collections are available to choose from. Four of our seven villa designs are awardwinning. Villa designs are in complete harmony with the exquisite natural environment of the resor t and offer an exceptional living experience. Condominium complexes will keep to the low density principal of twostorey buildings and will offer a distinctive architectural style. Two of the complexes will be located in the beachfront community where residents will enjoy stunning views along the Atlantic shoreline. The third complex will be located overlooking the lagoon with spectacular sunset sceneries.
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THE CORAL INVESTMENT
Development Milestones The Coral has already achieved many key development milestones including full planning approval for a luxury resort with a variety of onsite amenities.
Main boulevard through Lago Doce, July 2014
Water drainage pipes between quadras 7 and 5, September 2014
Achievements So Far THE CORAL SITE SELECTION The site for The Coral resort was chosen and purchased in 2008 and is owned 100% by the developer. CONCEPTUAL MASTER PLAN APPROVAL
FINAL PLANNING PERMISSION APPROVAL The Coral was granted full planning approval in September 2013. GROUND WORKS COMMENCE
The first conceptual master plan was submitted in 2009.
Ground works for the road infrastructure and utilities began in January 2014 and is well underway.
THE CORAL WINS AWARDS
THE CORAL WINS FOUR AWARD
The Coral was awarded the Best Development in Brazil by the International Property Awards in 2009 and 2010.
The Coral wins four more awards including Best Residential Development in Brazil 2014-2015.
Works on the main boulevard at Lago Doce, April 2014
The main boulevard at Lago do Mar, May 2013
Road works in Sunrise Beach at The Coral, July 2014
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THE CORAL INVESTMENT
Beach Area Beach Club
TRAIRI
Kitesurf School Pool Bar
PARACURU
Restaurant
PARAIPABA
4
Gymnasium
5
Tenis Club
FORTALEZA
14
Hotel
16 18
CAUCAIA
Music Bar
CMYK versions (note: when using for web please convert Blacks to RGB 100% Black)
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E
13
26
15
24 17
Childrens Play Area
19
31 21 32
Spa & Massage
D
23
33 35 29
37 39 41
C
34 36 38 51
49
45
B
46 47 Lake Club
52
50
48
54 55
A
ATLANTIC OCEAN NATURAL LAGOON
Site Plan 5
THE CORAL INVESTMENT
Investment Opportunity The BRIC Group is proud to present an exceptional investment opportunity to own a spectacular property in an award-winning, luxury resort and earn significant returns on your investment. Property in Northeast Brazil is in high demand. Brazilians across the country choose the north east as their favourite holiday and second home destination due to the ideal climate, its affordability and the investment potential of owning property in the area. Strong demand comes from Brazil’s huge wealthy middle and upper classes, which comprises over 104 million Brazilians. The Coral has been created as a direct response to this huge domestic demand from Brazil’s growing affluent population for quality accommodation and luxury holiday experiences in Brazil’s north east.
INVESTMENT LEVEL Current plot prices are between US$30,122 and US$86,820. Finance options are available with down payments from US$7,500. As the resort completes key development milestones plot prices will increase.
LAND CAPITAL GROWTH If you choose to hold on to your plot and resell it at
a later date, land capital growth is estimated to be between 10% and 15% per annum.
B U I L D C O S T C O M PA R I S O N
NEW BUILD INSTANT EQUITY
BRIC GROUP sqm plot and build cost:
If you choose to build on your plot and sell on completion, instant equity is estimated to be between 33% and 52%. The BRIC Group offers seven villa designs and a highly competitive all in cost for the plot, build and all legal/ administration costs.
Per SQM: R$2.600 - R$3,400
US$1,100 -US$1,400
Per SQFT: R$240 - R$315
US$102 - US$130
AVERAGE New Villa Price in the Area:
OFF-PLAN DEVELOPER
Per SQM: R$4,000 - R$4,500
US$1,650 - US$1,860
Per SQFT: R$370 - R$417
US$153 - US$172
Be your own off-plan developer by selling an off-plan package to the local market and earn an estimated return on investment between 104% and 314% in three years.
RENTAL POTENTIAL Rental income from properties at The Coral is estimated to be between US$700 and US$1,000 per week, comparable to other holiday rental accommodations in the area.
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THE CORAL INVESTMENT
Comparable Analysis The Coral is an excellent investment opportunity which is significantly below the price of other resorts in the area.
LAND PLOT THREE CUMBUCO
The price per square metre for plots at The Coral is between R$168.21 and R$178.44.
RESORT THREE
LAND PLOT ONE
RESORT ONE LAND PLOT TWO
OFF-PLAN DEVELOPMENTS
RESORT TWO
RESORT ONE
RESORT TWO
RESORT THREE
This resort is situated in Eusebio, approximately 139 km from Trairí and 28 km from Fortaleza. The resort is located inland and includes onsite facilities such as tennis courts, clubhouse and swimming pool. Off-plan plots range in size between 450sqm and 1,300sqm.
This is a high-end beachfront resort offering hotel accommodation and apartments. It is situated 146 km from Trairí and 36 km from Fortaleza. Onsite facilities include a golf course and clubhouse, hotel and swimming pool. Off-plan plots are between 1,000sqm and 1,350sqm.
This third resort is located 300 meters from the beach in Cumbuco, approximately 109 km from Trairí and 25 km from Fortaleza. Onsite facilities include a clubhouse and swimming pool and plot sizes average 475sqm.
Average price per sqm: R$469.21.
Average price per sqm: R$236.56.
Average price per sqm: R$591.84.
LAND PLOTS NUMBER LOCATION
PLOT SIZE m2
PLANNING PERMISSION
AVERAGE PRICE
700
No
564.29
per m2 - R$/m2
Land Plot One
Cumbuco
Land Plot Two
Aracati - Canoa Quebrada
485
No
371.13
Land Plot Three
Taiba
600
No
183.33
LAND PLOTS (these are individual plots without planning permisson and they are not part of any development)
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OFF-PLAN DEVELOPMENTS
THE CORAL INVESTMENT
Strategic Location: The Exit Market Northeast Brazil is home to one of the country’s strongest property and tourism markets. The area is renowned for its exquisite beaches and near perfect year-round 28 degrees temperature. It has long been established as a preferred tourist and second/holiday home destination for Brazilian’s, with the region receiving a large number of the 60 million domestic tourists each and every year. International holidaymakers and investors are increasingly looking to the area as property investment opportunities are apparent catering to the huge domestic holiday rental market.
Brazilians choose the north east as their favourite holiday and second home destination due to the ideal climate, its affordability and the investment potential of owning property in the area. Demand for quality accommodation and exceptional resort experiences in the north east comes from Brazil’s wealthy middle and upper classes for second/holiday homes in their favourite holiday destination. However, there is short supply of completed resort accommodation offering a luxurious living experience. The short supply of quality property in Fortaleza and its surrounding area against high demand has seen property prices rise by 13% in the year to August 2014, according to the FipeZap Asking House Price Index published by the Foundation Institute of Economic Research (FIPE).
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THE CORAL INVESTMENT
Praia de Guajiru, in the state of Cearรก, is the chosen location for The Coral. An idyllic beach destination on the Atlantic coast, it is nestled between Lagoinha, Flecheiras and about an hour and a half from Fortaleza. It has been a popular holiday location for wealthy families from Fortaleza for decades. With recent improvements in road infrastructure, Guajiru is increasingly being discovered as a superb holiday destination for Brazilians from other regions of the country as well as international visitors. Praia de Guajiru offers great beaches, superb weather, lush natural surroundings and a peaceful ambience. Cearรก is the eighth largest state in Brazil by population and one of the main tourist destinations in the country.The state is strong economically with growth four times higher than the national average in 2012. Tourism plays a large part in its economic strength with almost half a million tourists per annum. Fortaleza is the fifth largest city in Brazil and is the state capital of Cearรก. It is a lively, cosmopolitan city that is a hive of activity and one of the top tourist destinations in the north east. The city was one of the host cities for the 2014 FIFA World Cup and as a consequence has seen huge investment in infrastructure projects.
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THE CORAL INVESTMENT
Brazil’s Success Story Brazil’s economic growth is one of the great success stories of the last 10 years. It is the largest economy in Latin America and the Caribbean, ranks sixth in the world and over the last decade has been one of the globe’s fastest growing economies expanding at an average 5% per year. It is estimated that within the next five years, Brazil will move up to be the world’s fifth biggest economy. Brazil has a diverse and sophisticated economy. It is completely energy self-sufficient and has huge natural resources. Oil and gas reserves continue to be discovered off Brazil’s coast and it is now the world’s ninth largest oil producer. Brazil’s energy reserves are growing at a time when worldwide reserves are declining and becoming more expensive.
Brazilians Have More Money Than Ever Wealth across the board has dramatically increased in Brazil. Government schemes have lifted millions of people out of poverty. Increased employment and higher salaries have created a booming middle class. 15 million jobs have been created over the last eight years with average incomes up by 43% between 2007 and 2011, and record low average unemployment. Over the last 10 years 35 million Brazilians have joined the middle class which today represents over 50% of the population, an incredible 104 million people. Brazilian’s are making more money than ever and for the first time many, are able to save and invest.
The World’s Most Attractive Investment Destination
Brazilians are Buying Property
Brazil has seen record levels of foreign direct investment in recent years with major multinationals establishing themselves in the country as the most cost effective option for them to access Brazil’s huge consumer market. A recent survey saw Brazil rated as the most attractive location for future foreign direct investment in Latin America, which is expected to continue over the next 3 years.
More easily available and affordable mortgages combined with the substantial increase in overall wealth and purchasing power has created a strong market for Brazilians buying both first homes and second/holiday homes. In 2006, the mortgage market was overhauled which led to a dramatic lowering of interest rates. Mortgages today are much more accessible to a large proportion of the Brazilian population.
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THE CORAL INVESTMENT
Large-scale Investment Creating Jobs and Driving Wealth Creation The Brazilian government’s drive to drastically improve living standards and with preparations for the major international events 2014 FIFA Football World Cup and 2016 Olympics has seen massive investment in infrastructure and construction. For the World Cup, 12 new stadiums were built across the country and $13 billion (£8 billion) pledged by governments to dramatically improve infrastructure. According to the Economic Research Institute Foundation (FIPE), the 2014 World Cup is expected to inject US$13.5 billion into the Brazilian economy. Brazil’s Ministry of Tourism, estimates that the World Cup generated around one million jobs in
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the country. The Olympics is predicted to generate direct investment of approximately R$30 billion with a further R$90 billion indirect investment. The nationwide program for the Acceleration of Growth (PAC) is generating investment projects in repairing highways, airport and ports, boosting energy development in the north and providing basic utilities to the poorest Brazilians. Such large-scale, nationwide improvements in infrastructure and housing have stimulated massive investment from both government and private industry which in turn has greatly contributed to job creation and higher salaries.
THE CORAL INVESTMENT
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Disclaimer : The information contained herein is solely for informational purposes and does not constitute an offer by BRIC Group to sell, rent or lease real estate. All information provided is believed to be accurate and correct at the time of publishing and is given in good faith. BRIC Group disclaims any warranties or representation concerning the accuracy, correctness or reliability of the information contained within this document and instructs you to independently verify the accuracy of the information provided. All intellectual proper ty rights are retained by their owners. All content including text, images and logos are the property of BRIC Group. It is not permitted without the express prior consent of BRIC Group to transfer, copy, distribute or compile in whole or par t any of the content contained herein.