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We have recently withdrawn our support for a development in Aracaju. Despite
repeated requests we were unable to get sufficient information for our lawyers
to properly complete the due diligence. We also believe that the development may
have been over priced in order to offer buyers significant cashbacks in the
guise of rental deals.
It is sometimes the case that developers and their agents, not just in
Aracaju, will suggest that they have special deals involving renting your
property for 6 or 9 months of the year and offering you returns of over 15% per
annum. Such deals on residential property are extremely rare in Brazil. They may
just be giving you your own money back– please be very careful and make sure
that you check out the rental deal thoroughly BEFORE you buy.
We have refunded all monies paid by our customers as deposits because we were
prudent, and did not forward any money to Brazil. In many cases we have
transferred customers to our other development in Aracaju. We are aware of
others who were not so lucky.
With us and our lawyers you can buy with confidence. We are also now able to
offer you Condominium Viva
Vida, in Aracaju, which represents much better value for money.
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