The Residence, Joinville

Overview

The Residence is an exclusive development of just 16 apartments located in the city of Joinville, in Santa Catarina - Brazil. All apartments are being sold off-plan and are being aimed at the buy-to-let investor market due to the strong rental returns on offer. These well proportioned Two and three bedroom apartments offer outstanding value, with prices starting at £40,000 (£430 per meter). The current market value of properties in the nearby region of the development is £470 per square meter. This enables the investor to capitalise quickly and as the property gets built the value will rise, showing a good return even before the last payment is made.

Joinville has already one of the highest standards of living in Brazil. The city is set to see even more benefits from a huge investment programme that will see more than $800 million of public money deployed for the public over the next 5 years. This is aimed at improving the local economy, generating employment, creating income and promoting the level of development in the city.

A local newspaper recently reported that their research in rental income increases was showing a growth of 19% and property values grew in the region of 30% over the past 12 months in Joinville. Property investors looking to capitalize on the benefits of these infrastructure improvements should move quickly to maximize potential.