One of the areas with best potential for capital appreciation and also rental in Fortaleza is Iracema beach. This area is favored by tourists and locals alike. Everyone loves its restaurants, theaters, clubs and art galleries and the new Boardwalk ending at what will be the largest Aquarium in South America is making prices start to rise to match the original boardwalk just a few blocks east, were prices can be 66% higher.
Piazza Coliseu is only 40 minutes drive from the port of Pecem and its billion dollar Oil refinery and Steel plant, making Iracema beach the ideal location for all the incoming executives and engineers that are relocating to Fortaleza. Click here to learn more about Pecem.
They’re now ready to launch Piazza Coliseu, an ocean-view apartment complex in Iracema. Located in the best part of Iracema Beach, only 100 yards from the white sand beach and the warm blue waters of the Atlantic Ocean, Piazza Coliseu is surrounded by hotels, restaurants, travel agencies, banks, shopping, cafes and restaurants. It will make the perfect rental property for tourists and residents alike. It’s suitable for both short and long term rentals.
Condos in Piazza Coliseu are 76 square meter (820 sq. ft.) with up to 3 bedrooms and 3 bathrooms which makes them the perfect rental unit. (The standard for city condos like these is around 700 square feet and 2bed/2bath.) So you are paying for “only” 820 sq. ft. but you are renting a 3 bed/3bath unit which will increase your ROI.
Piazza Coliseu will have several high-end amenities such as:
Each condo has a spacious balcony. The balcony is wide enough at both ends for a hammock off the master bedroom and the living room, which is an important feature for the Brazilian market.
Currently these pre-construction apartments offer excellent value to the investor as they will have great appeal to both locals and tourists alike. Investors seeking to rent their units can expect a very lucrative income from both short or long term renters.
These units cost less per square meter than many city-view apartments and if compared to other ocean-view apartments, they can cost up to 66% less (depending on the location). Pricing in Piazza Coliseu starts at $200,000.
We offer property management and our occupancy rate over the last five years has been 99%.
So, to re-cap:
All of these factors combined with the local housing deficit makes Iracema beach the area with the best potential for appreciation and rental yield in Fortaleza!
The Next Step
Easy developer financing (no credit checks or medical exams) on Piazza Coliseu allows you to spread your payments and leverage your profits.
If you have any questions, please feel free to contact us … we love our city and this development, and we’re happy to answer any questions that you have. There are many ways: