Although it’s hard to get exact figures (Yorkshire Bank says 800,000, Barclays Bank says 2.2 million), it’s abundantly clear that a vast number of Brits now own property abroad and many of them are in it for the money as well as the sunshine. With increasingly erratic pensions and share options coupled with young first time buyers being priced out of the UK market, the overseas home is seen as a way of securing a brighter future. However, get it wrong, and the walls could come tumbling down around you.

Samantha Gore, Head of Sales & Marketing for Brazil property agents uv10 comments, “Brits can be quite gung-ho when they enter the overseas property market but you can’t automatically assume that wherever you buy the house will rise in value, be easy to sell and easy to rent. The latter, rental income, is something that a significant proportion of purchasers want to achieve but have little or no idea how to go about it. At best owners will post a few classified ads and some website listings, at worst they’ll stick up a ‘for rent’ sign and hope for the phone to ring. In some saturated markets such as the Spanish Costas, they’ll have a long wait. For the lucky ones who manage to rent out their second homes, they then come across headaches such as the day-to-day maintenance of the property from long distance and unexpected taxes.”

Samantha continues, “The wise investor will opt for an overseas property investment where tenants and headaches are handled by a rental management company. In north east Brazil we have several such developments on offer and with year-round sunshine and no real ‘off’ season demand for rental accommodation is growing fast. To achieve high rentals, most management companies will be pitching their developments to the bigger tour operators whilst Brazil's enormous domestic market will also 'back-up' any rental to foreigners as the main Brazilian holiday destination is, you guessed it, Brazil. This coupled with staff costs as low as they are in Brazil means that the revenue share back to the customer can be quite considerable. Most schemes also offer private use of at least three months per annum. Add a current 20% capital appreciation per annum into the equation and you’ve got yourself a very shrewd nest egg."

Jacuma Beach Resort just to the north of Natal, the state capital of Rio Grande do Norte, is one such proposition. The beachfront development of apartments and semi-detached villas and a hotel plans to have property management on-site and the promoters anticipate a net rental income for owners of around 9% per annum based on a conservative 63% occupancy per annum. These percentages are based on the calculations of the biggest real estate agent in northern Brazil which is involved in the resort. This agency has more than ten years’ experience in the field with an existing portfolio of 3,000 properties under its rental management and considerable pull when it comes to tour companies operating in the region.

Many unique characteristics ensure that Jacuma Beach Resort will have extra high rental appeal. On-site there will a huge beach club with pool, tennis courts, several communal pools, cocktail bars, two restaurants and convenience stores, all built to luxury standards. Off-site residents can enjoy surfing, snorkeling, dune buggy driving or a game of golf on one of the five PGA-standard courses being created next door. Natal is within 25km of the gated resort and the new international airport of São Gonçalo del Amarante Airport, the eighth biggest in the world, will be within 15 minutes’ drive when opened in 2010.

uv10 can offer superior sea view apartments for a discounted investor price of £55,900 GBP for one bedroom and £80,000 GBP for two bedrooms. Two bedroom Balinese-style waterfront semi-detached villas start from £110,000 GBP. Payment terms are 30% on contract, 30% ten months later and 40% upon completion scheduled for third quarter of 2009.

Contact uv10 on info@uv10.com, visit www.uv10.com or telephone UK local rate +44 (0)845 643 1036 or the Spanish office +34 952 764 560. Skype uv10-brazil.

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for further press information or photography please contact Vicky Crumpton on vicky@purplecakefactory.com or call 00 44 7812 247947

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