Bay View Projetos invites you to discover valuable insight into our vision and goals. We offer excellent projects in hidden overseas destinations. Allow us to demonstrate: Firstly, how we anticipated this potential in Brazil, and why now after implementing successful business models to a once slow-moving property market, why we have ensured incredible success for purchasers? Brazil has already taken many steps to overcome political challenges, albeit, after a challenging last 10 years, many economists including EY state that Brazil has already entered a sustained growth period. Post CV19, we will experience a surge in demand for properties especially from young residents living in the city of Salvador which itself has undergone a complete transformation in the last 15 years. A city on our doorstep with 3 million residents, this area is already witnessing bulletproof real estate opportunities. Bay View Projetos qualified team of architects, engineers, motivated construction teams, and strategic sales channels is ready for this cyclic upturn. The joint international Real Estate Investment experience of our team allows us to demonstrate unique and exciting opportunities for our clients.
Why have we identified Itaparica Island as an investment hotspot?
Itaparica is the largest island in Brazil; it was a tourist trap for the wealthy back in the 70s and 80s, visited by top celebrities who owned properties such as Sophia Loren, Pele, Bridget Bardot and Julio Iglesias, plus more recently film star Tom Hanks who said ‘’He would choose Itaparica island as the ideal place to be shipwrecked”. By 1990 Andre Agassi had won the South American Open ATP Tennis championship held annually on the island of Itaparica and now hotel brands such as Club Med are enjoying high occupancy rates. However, since the late 80s, serious underfunding from historic state and federal governments has meant that the island just couldn’t keep pace with the modern city of Salvador just 12 km away across All Saints’ Bay. Fortunately, with reformed government practices, the past 10 years have seen aligned investments, increased funding in education and infrastructure, including the completion of 10 lane motorways in Salvador, new hospitals and the longest metro system in South America, linking the international airport to downtown Salvador in 25 minutes. A new $2b railway project is in progress for a six-lane road bridge linking Itaparica to Salvador city, thus reducing transportation of vehicles from 90 minutes travel time to a mere 12-minute journey. • Bahia’s 12 million residents enjoy a year-round sub-tropical climate • Bahia’s capital city of Salvador is the fourth largest in Brazil with a population of over three million •Salvador is predominantly a ‘high rise’ city with expansion to the north almost at saturation point •The natural area for city expansion is to the south across the bay to Itaparica Island and beyond •The Government is fully committed to the six-lane road bridge connecting Salvador/Itaparica •The Island population is currently 55,000 and is projected to rise to over a million. •Property speculation on the Island with investments of over US$20 Bn anticipated. •Bay View Projetos has secured prime development land with projects in progress •Development land in the city of Salvador is currently 4 or 5 times the cost of land on the island