The apartments at Kariri Beach Residence
Pictures and plans
Inclusive and individual sets of furniture in different price classes
For those of you who prefer not to spend time shopping for furniture, we will offer complete sets in different
The bank guarantee
Your money is safe in a client account
Official Brazilian government confirmation of ownership and planning consent for construction of Kariri Beach Residence
A playground will be built once construction is finished.
There are 54 parking places in the garage. The price is NOK 55.000
Organization and maintenance
General payment details
20 % of the purchase price is payable within a week of signing the contract, and a further 30 % at the start of construction. All buyers will receive advance notice of the starting date, which is expected to be during the summer of 2006, with completion ultimo 2008.
Another 30% will be payable when the roof has been completed and sealed. The remaining 20% is payable, plus an 8% conveyance fee, when your apartment is finished.
All buyers will be informed of the progress of the project, and up-to-date pictures will be posted weekly on our web site.
If all or part of the purchase price, including costs, is not paid on time, the buyer will be charged interest calculated on the total purchase price at a rate of 7 % above the prevailing base rate set by Norges Bank.
Payments can be made in any of three ways:
The money will not be accessible to the developer before then. The cost of any adverse currency movements exceeding 5% will be borne by the purchaser. Buyers who wish to protect themselves against such currency movements by paying a fixed price in Norwegian kroner can do so by paying Brazilian Realestate AS directly. Brazilian Realestate AS will then transfer the funds to its subsidiary company in Brazil so that the developer will not lose out as a result of any currency movements.
Conveyance costs of 8% of the purchase price also include a Brazilian lawyer’s fee. The deeds to the property will be delivered to the purchaser as soon as the transaction has been registered in Brazil, the same procedure as for a freehold apartment in Norway.
The entire development is of course compliant with Brazilian laws and regulations. The apartments will maintain a high standard.
Of course, we cannot guarantee any increase in the value of your apartment as this is subject to market forces. However, we can confirm that land and apartment prices in Brazil are rising very rapidly. As Kariri Beach Residence is ideally situated, the town is growing quickly, and a spectacular golf course is nearing completion less than three kilometres at about the same time as your apartment, strong price appreciation in the near term looks more than likely.
Brazilian laws and procedures apply to all contracts involving property purchases. In practice, this has advantages and disadvantages in comparison with the Norwegian system. If you have specific questions, please contact our sales manager Karsten Steine as shown at the bottom of the page.
The property is insured by the developer until the buyer has taken possession.
Kariri Beach Residence
Finally, an intriguing footnote: the name "Kariri" originated with an Indian tribe of that name. The tribe owned and controlled large areas of Ceara state before the Portuguese colonized the region, including the beach.