A Brazilian agent is offering Fly to Let investors a ‘try-before-you-buy’ special offer in Pipa’s Morada dos Ventos.

This boutique condominium resort is complete, open for paying guests and has one bedroom penthouses available from around £59,907.

At Morada dos Ventos ‘hassle-free holiday ownership’ is the mantra. In return for 50 percent of the rental income everything is taken care of on behalf of the owner from maintenance and furnishing to payment of all utility bills and community fees, 24-hour reception and a daily change of towels and bed linen.

There is no rental guarantee, but the developers claim buying in an area like Pipa with an active and well-established rental market means that there’s good money to be made regardless.

At Morada dos Ventos conservative projected rental returns are 8 percent per annum, which means owners could expect a 100 percent return on their investment in around 12 years.

This is without factoring in the current 20 percent per annum capital appreciation attributed to strict conservation laws and therefore a limited supply of accommodation in Pipa.

Samantha Gore, head of sales and marketing for Brazil specialists www.uv10.com said: “The Scottish-Brazilian husband-wife team who masterminded Morada dos Ventos preferred to complete the resort before actively bringing it to market in order to offer maximum reassurance to investors.

“Now they have one of the most special resorts in Pipa, a ‘condominium pousada’ with just 16 spacious apartments where every imaginable whim is catered for - including breakfast in bed.”

Gore explained that would-be Fly to Let owners can sample a suite for only £32.99 per couple per night on a bed and breakfast basis and then, if it feels right, make a purchase and have these accommodation costs refunded.

“It’s the ultimate ‘try before you buy’. But be warned, you may well fall in love with both Pipa and Morada dos Ventos so make sure you pack your cheque book in the suitcase,” said Gore.

A condominium pousada (guesthouse) is quite a common arrangement in Brazil and the country has specific laws to govern their set-up and management and also to protect buyers.

The Brazilian condominium structure allows for fully documented freehold ownership by individuals who then contract the management of the resort - in Morada dos Ventos’ case Archie Galbraith and wife Tania.

This ensures the apartments are delivered fully furnished to a high standard - down to the teaspoons and bath towels, hotel-style services are on-tap, rental returns are well above average and personal usage is permitted at a very respectable three months each year.

In Brazil, mortgages for foreign nationals can be hard to come by, but at Morada dos Ventos the resort owners are offering an interest-free payment plan consisting of a 5 percent deposit with the remaining payments made in 25 percent tranches spread out over 12 months. But you get the keys from your very first payment.

Set in Pipa, Natal’s ‘global village’, Morada dos Ventos comprises 16 apartments surrounded by tropical gardens where there are swimming pools and poolside bar. Prices at Morada dos Ventos start from £ 59,907 approx for a one bedroom penthouse and £76,788 for a two bedroom garden apartment.

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