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Quadruple Olympic Gold medallist Chris Hoy has found the ideal way to celebrate his recent cycling success in Beijing this summer: He is treating himself to a luxury holiday home in exciting and vibrant Brazil.

Chris has decided to invest his well earned money in a brand new development from award winning overseas property company Obelisk International, in the coastal region of Natal.

Laguna Beach is an entirely Obelisk funded project of luxury, high-end beachfront properties in Tabatinga, located on Brazil’s stunning north-east coast. The development offers investors the unique opportunity of an investment that has been catered to meet the high rental demand for luxury properties in the area and to meet the demands of wealthy Brazilians and foreigners looking for a second home. Occupying a stunning beachfront location, each of the 84 properties provides an excellent opportunity as an investment purchase or holiday home.

“Laguna Beach has everything I am looking for in a high quality investment property,” Chris said. “Brazil is one of the world’s fastest growing emerging markets and its north east region is undergoing a massive boom in tourism. For me, the investment potential is incredible.”

However, the decision behind Chris’s purchase is as much about a lifestyle choice as about making a shrewd investment. Holidays are a luxury for Chris who regularly undertakes a gruelling training schedule, so he was looking for a retreat that provided year round sunshine, but was easily accessible. As Natal is only a six hour flight away, and provides consistent tropical temperatures all year, it fitted the bill perfectly.

“My life consists of a gruelling daily training schedule. When you couple that with all the travel, the competition and my other engagements, I need somewhere special to go and relax. At Laguna Beach I think I will have found that place,” he says.

Chris’s Laguna Beach property enjoys extensive sea views. Laguna Beach offers a diverse choice of properties: apartments, townhouses, villas and beach bungalows. Each property will enjoy sea views and be part of an exclusive complex offering security, space, luxury, onsite facilities and concierge service. Prices start from approximately £41,000 to £220,000, providing an investment opportunity for all budgets.

Chris chose Obelisk after extensive consultation with their team of in-house experts. “It was clear to me from the start that Obelisk understands the importance of thorough preparation. Their market analysis was in-depth, concise and comprehensive. In terms of opening my eyes to property investment opportunities, Obelisk showed me the world.”

Notes to editors:

Why Brazil?

Brazil is classed in the Knight Frank International Residential Review 2008 as one of the few “stand out hotspot locations in 2008.” Property investors are fast discovering Brazil’s emerging property market, heralded as one of the world’s most promising property investment locations.

The north east of Brazil is a destination of choice for wealthy Brazilian tourists and foreigners. A year round holiday destination, domestic tourists visit at the height of the summer season and foreign tourists arrive during the peak times of the European summer months. Demand for rental accommodation is consistent throughout the year and buy to let owners can expect a high occupancy rate.
Brazil’s north east has seen heightened activity in its property market with Natal one of the most up and coming cities in north-eastern Brazil. The warmer climate, low crime levels, lower cost of living and good infrastructure in the Rio Grande do Norte region are enticing many Brazilians to move or buy second homes in the area.

The Brazilian economy is the 10th largest in the world, and enjoyed 6% GDP growth in the second quarter of 2008, controlled inflation of 4.7% in August 2008 and a booming job market. Foreign direct investment has increased massively in recent years, rising by 84% in 2007. Brazil’s population is also becoming increasingly affluent thanks to the country’s booming economy. Brazil’s millionaire list grew by 46% in 2007 and demand for high quality luxury accommodation is set to increase further.

About Obelisk:

Obelisk enjoy an unrivalled reputation in overseas investment property and are well known for their extensive research into emerging markets and their award winning customer service. The Obelisk Group of companies provide services for all global property needs. Obelisk Investment Property offers secure, diverse and profitable investments in both established and emerging markets worldwide, taking the hard work out of investing abroad.

Pioneering services offered by Obelisk include a dedicated in house team who constantly research the world’s property markets, economies and tourist industries in search of the best investment opportunities. Before presenting an investment opportunity to clients, Obelisk conducts exhaustive analysis of property markets, allowing the company to take the lead on what investments to offer, their location, their timing and the terms under which an overseas property investment is offered.

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