Itamaraca Beach Residences Overview
Itamaraca Beach Residences Status
Itamaraca Beach Residences Benefits
Itamaraca Beach Residences Area
Itamaraca Beach Residences is a luxury development of 16 apartments, right on the beach of the tropical island of Itamaraca in NE Brazil. Built over 2 floors in an open V-shape, allowing maximum views and breezes to all units.
Location of Itamaraca Beach Residences.
Itacarma is located midway between the cities of Recife and Jaoa Pessoa and less than 1hour drive from Recife´s international airport. Recife is the 5th biggest Brazilian city with close to 4 million inhabitants.
Investor View of Itamaraca Beach Residences
One year on from the completion of construction, and many are asking how Itamaraca Beach Residence (IBR) is progressing.
14 of the 16 three bed homes have been sold, 4 are used exclusively by Brazilian owners for weekend and holiday use, 1 is used as a permanent overseas residence, and the other 9 are all owned by overseas investors who are renting and occasionally using themselves. There are just 2 still for sale.
Those that are rented have been occupied mainly by German and Brazilian engineers and consultants working at one of the 3 new brewery sites on the mainland, or the new Fiat/Chrysler Jeep facility 30 minutes drive away. They need to stay for periods ranging from a few weeks to several months, and require the high standards of equipment and service that Itamaraca Beach Residences offers.
As we head into 2015, I can report that all apartments are currently fully booked, with a waiting queue for vacancies. I would confidently predict that demand for rental units at IBR will continue to outstrip supply.