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Thu 07 Jul 2010Overseas Property
THOUGH INVESTING in overseas rental properties has virtually ground to a halt, a Dublin-based company, IDP Invest, is hoping to tempt Irish people to buy apartments off plans in a beachfront hotel complex at Fortaleza in Brazil.
One-bedroom units are priced from €93,000 and, according to Donal Hayes of IDP, the average rental income should range from €650 to €780 per month. Buyers will be expected to pay an initial deposit of €10,000 as part of a staged payments process before the development is completed in May, 2012.
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