The developer is purchasing 1,700 acres of land in Bahia, Brazil with a view to creating a 5 star luxury spa resort in which it intends to incorporate a golf course, restaurants and tennis and football academies. Negotiations are underway for selected brands to be included in this resort.

The developers are proposing to sell freehold plots of land from 450 sq m at up to 50% below market value and providing the owners of the land with the option to build a property within 5 years of receipt of title to the land. Owners of the land will be able to choose from a selection of property designs which can be customised to their individual requirements.

The plots of land are situated in what will become an exclusive gated community with landscaped gardens and swimming pools within a 5 star luxury beachfront spa resort. Residents and guests will have full use of the facilities within the resort. The hotel operator will manage and maintain the public areas within this area.

Location

Bahia is a tropical paradise covered with dense vegetation of coconut and banana trees. It is one of the 26 states of Brazil, situated on the northeastern Atlantic coast and enjoys a year round tropical climate with little seasonal temperature variation, averaging 27°c and complimented by warm, soft breezes. The coastline with its calm seas is considered to be one of the most beautiful in Brazil.

The Resort will be situated on Ilha de Tinhare, a pretty little island 60km south of Salvador in the Baia de Todos os Santos (the Bay of All Saints). The island is considered to be one of the most desirable tropical destinations in the world and is the tenth most visited place in Brazil. With beautiful beaches and calm, crystalline, warm waters,  Atlantic rainforest, mangroves and coconut groves that are home to a stunning array of flowers, colourful birds, monkeys and marine life. The island is home to a few small fishing villages, the largest of which is Morro de Sao Paulo, with beautiful colonial architecture and historical monuments.

Salvador is the third largest city in Brazil and was the first colonial capital of Brazil, renowned for its cuisine, music and architecture. Each February it is home to a week long Carnival which is considered to be the biggest street party in the world. 2 million people celebrate throughout 15 miles of streets, avenues and squares and an average of 800 thousand visitors descend on the city to participate.

Why Invest

Real estate investment is growing due to the increasing popularity of Bahia as the favourite holiday destination of Brazilians because of its year round climate, pristine beaches and the excellent infrastructure already in place. It has excellent accessibility with flights into Salvador from Europe and the USA yet is still underdeveloped as a tourist market internationally and is predicted to grow exponentially. There is a huge demand for tourist accommodation and the property market is booming with foreign investment increasing as there are no restrictions on foreign ownership and inward investment is being actively encouraged by the Government. Brazil is also hosting the 2014 World Cup and is bidding for the 2016 Olympic Games.