BRIC Group Reviews 50

I invested at the Coral Beach Resort in Brazil with BRIC around 15 years ago. Back then they were hugely professional. I met their lawyers and architects and they gave me a tour of the investment. It was magical. I’d like to highlight that this was 15 years ago!

BRIC had grand plans. It was a marvellous vision. They owned the land. They had the plan. I stood on the land I bought and was so excited for the future.

Fast forward to today:

BRIC are going bankrupt (in my opinion for legal protection’s sake). They have failed to deliver the gems needed to make a crown (gems being commercial aspects to supplement residential aspects). The resort still has the same potential though. What happened to the all the commercial plans for shops, restaurants, football pitches etc? They took the money from investors and didn’t reinvest it. They have chosen to bleed the resort dry.

That’s not the worst about them. They are also facing massive numbers of lawsuits for their dodgy behaviour. It was recently reported they have closed their brazil office. They are taking their money and running away it seems. At the start it was very professional. You buy a land plot and they send you the land title to prove you own it. Now? They take the money and keep it (to pay back their investors it’s assumed) while the purchaser has essentially lost their money (no title means you have been scammed) forcing them to sue BRIC to obtain their land title. Some owners report they still have not received their land title after a year! They do get it in the end. But reports are that some people only got theirs after lawsuits, 2 years after purchase.

Another nail in BRIC’s coffin. The ongoing corruption of running the place. As they have not delivered on the resort plan, the value of owner purchased plots has stalled, therefore, sales have slowed and almost stopped. BRIC still owns a lot of land plots. That brings us to the owners association.

When you own anything at the coral you become a member of the ‘Owners Association’. This organisation manages the Coral. All owners are required to pay ‘association’ fees yearly. Guess who determines what fees you pay? At each annual meeting there is a vote from the ‘owners’. BRIC always has the majority so they vote for whatever they want. And they don’t allow any of their individual owners to even talk at the meeting! It’s comical. I’ve read a meeting minutes where the BRIC guy said, well we have lots of villas now, let’s charge them double! For years there was no way for international buyers to even dial in to these meetings. That’s changed in the last 5 years or so (they probably laugh at this). You can dial in and listen only. And they make you sit in silence for 30 mins before each meeting! Meeting starts at 10? Nope. Starts at 10:30. Year after year. It’s like they enjoy taking the piss. No investor is allowed to speak on the calls so the BRIC rep can decide anything they want. Motion passes they say! Everyone agrees they say! Although the only one that agrees is the BRIC rep. The ‘owners association’ (Which BRIC controls) is being sued for fraud by the ‘little owners’. The chair of the owners association works for BRIC the last I saw.

Final nail in BRIC’s coffin. I mentioned I’ve owned the land for 15 years right? I did try to sell it through BRIC as they trumpet that there is an exit avenue. They told me this is the price it’s worth. 10k USD increase in value from 35k after 10 years. And then I find out they were offering plots for 100k USD more to new investors. They were trying to rip off their core investors 100k per plot. What a great company this is.

On a positive note. The owners that have bought are all together against BRIC. But not against the Coral. It’s clear BRIC are pulling out. Leaving an opening. The owners are all together to start developing what BRIC promised. They would love a new developer to come along and scoop up a bargain. Whatever BRIC still owns could and should be available for pennies on the dollar. And they would have 50+ owners all ready to sign a letter of intent to support them in whatever their investment goals are. This review is a one star for BRIC. Not a one star for the coral. The Coral is where I will retire. Living on the beach, water temp like a bath, and some of the most stunning scenery life has to offer. If you want to live in paradise, wait until BRIC is gone and come join the magic.

I have invested in The Coral Q 40 since May 2023 and till now there has been very little progress .The last update I received was that the ground has been leveled that was April 2025 .
i have tried every number that I could find some are not in service and others go direct to voicemail I cant even find a direct number for head office or an address very concerning ,even emails take days for a response .

Is Bric Group still n business or was I scammed ?

Funny and questionable to see all of a sudden several very recent positive comments from all over the world. But, if true, this is fantastic!
I invested in Brazil with them, but the occupancy rate is far below expectation. So not a good investment at all. Also underline the lack of communication/transparency with investors. A pitty because the place has great potential!!!

I was sold land in Florida that was supposedly appreciating in value fast in 2022 and now I cant even get rid of it, with the value going down rather than up and, like mine, loads of undeveloped unwanted plots.. BRIC told me that the taxes were 300 USD per year but they are now $800 and BRIC's phone numbers in both Spain and the US have all now gone offline, though I see they are still selling overpriced properties in Brazil, apparently. The same ones have been on their website for 3 years so also not doing well.

I bought my plot several years ago. As expected it was difficult process until I finally got the title deed. But also the land was just a running cost of service charges accommodation and depreciation in value opposite of what was expected. Very poor communication with the managers. No response to emails or WhatsApp.

A major disappointment, there are only problems with the Brazilian investment. The rental fees stipulated in the contract are not being paid. Anyone is unreachable by phone, decision-makers do not respond to emails, and only vague replies are received. Obtaining the property title deed was a torturous process, and now it turns out that it may not be entirely legal. The quality of the project's execution is highly questionable, as is the professional management of the resort. The value of the investment is not increasing but actually decreasing. I warn everyone to avoid purchasing property from BRIC.

5 stars rating truly deserved given our experience with BRIC GROUP!!

Also have been long term clients of BRIC Group. Not as old as some of these client’s comments but we started late 2018 so 5 years. Times goes fast.

Really and truthfully it’s fairly evident the way this company treats its clients just looking over other comments.

Our purchases were into the UK commercial real estate on the lower end of investments. We bought the 4 spaces for £80k combined. We had a slight issue internally as one of our partners sadly passed away so it delayed sales proceeds.
None the less we sold the 4 units for £200k in the end.
What else is there to say really? Making profit so easily is hard to come by and BRIC have been brilliant from day dot.
We had a great time with all you guys. Maybe we do something later down the line. Reviews came up in my feed so I felt compelled to show my thanks

I invested in a plot in Coral in 2016 and I must say that the entire process has been professional and honest. I have been able to deed my plot and receive the deeds correctly. I also did the inspection trip and all the information about the project, the construction of the villas, etc is complete as they offer it to you in their brochures. They invited us to spend three days in a beautiful hotel near the Resort and also to transfer to Fortaleza. The team is very professional and they always respond to everything very quickly. The only thing that perhaps I liked less is that I had to wait a few months for the signature at the notary because they were saturated but this is something that was out of their hands. In general, everything has been perfect. Thank you so much.

Investment fund: RGL CORP.

My brother and I recently setup our new fund LLC and had the pleasure of visiting the exquisite coral resort in Brazil, situated in the renowned kite surfing destination of Fortaleza.

By sheer serendipity, we stumbled upon this remarkable beach development while browsing through Google. Intrigued by the prospect of owning an apartment, we meticulously researched various options until we discovered the BRIC and Coral resort.
After careful consideration, we made the decision to invest in this project.
Filled with excitement, we promptly arranged our flight tickets and embarked on our journey. To our utmost delight, the experience surpassed all expectations, as we were greeted with impeccable 5-star service from the very moment we set foot on the resort until the moment of our departure. Our hearts are filled with gratitude for finding this breathtaking paradise in Brazil. We eagerly made use of the comprehensive kitesurfing school, cherishing every moment.

The experience has left an indelible mark on us, prompting us to commit to returning to this haven of tranquility every six months. We wish to extend our deepest appreciation to the extraordinary Stu Lownie and the BRIC team for curating an absolute gem of a resort and project. Your dedication and meticulous attention to detail have created an oasis that has captivated our hearts.

As you can see from our review. We love the place. Ya’ll have been true to your word.

Have had a long term relation with BRIC Group, throughout my investments experiences with real estate turn-overs, BRIC have proven to be the wisest decision i've made over the years. Very sound advice from BRIC when it comes to foreclosure properties where my profit exceeded expectations at every turn and on every purchase.
Highly recommended for any business minded investor

Had the most fantastic Coral inspection. Everyone was super helpful.

I strongly recommend not investing in this company.

In 2019 I bought a plot of land in Brazil. The contract says that the plot of land will be transferred to my name - (meaning I will receive the tittle deeds). It is 2023 and I have not received any tittle deeds.
Unfortunately, I also decided to build a villa in that plot of land since they promised me that the land will be transferred to my name.
So now 4 years after I started this "investment" and I have nothing.

At this point I have started legal actions against them to get my money back for a breach of contract.

There are important links like terms and conditions missing or not working in their website so it is difficult to know who to take legal actions against but I do have a record of conversations and names and I will start with them.

If you want an honest review, please read mine.

The staffs of BRICS Group are amazing. They were quick to answer any inquiry and the plot reservation was smooth.

I study with my son for this project from the BricS that i find on the facebook.i like it so i ask my son to check websites and read brochure and we like the idea and so cheap for what else is available in the market.we buy and the price is so good and we get a good lands and deal,

I was looking for somewhere to purchase real estate abroad. Had multiple options in Dubai. Georgia and Turkey. Decided to follow the advice of BRIC GROUP.
Really happy with my decision
Bought some apartments from the company off plan. I just got all my title deeds and purchase documents through the mail. Pleasure doing business with this company. All has went to plan. My units are built and being rented and managed by BRIC.

A new investor and client of the company.
Everything has been brilliant as far as we have been dealt with.
We couldn’t be happier with our new investment real estate.
A well run company with intelligent a diligent employees.

We bought two condos in Florida from BRIC in April 2011. We took a huge leap of faith in the company as we were Arm Chair Investors meaning we had not seen the properties before making the investment. This investment worked for us as we have recently sold both condos and have made a very nice profit, indeed more than doubling our initial investment. We were told at the beginning to think of it as a 10 yr investment and indeed this has worked for us. So would just like to say Thank You BRIC.

I had a good run in Vegas so decided to buy property abroad. I checked Mexico and Panama and S.America Found the Coral on the beach in Brazil. I knew Fortaleza before so decided to fly on site visit. Crazy and insane project, beachfront land and villas. I got me a plot and villa and y'all have been special and fun to work with. good review from me. got me a new villa for my vacations during summer. We in building phase and all timelines hit. Cant wait to take me out to my new villa.

we take and buy resident card for myself and wife and kids. now we all have brazil residency and wait for passport and to be citizen of brazil. we buy brazil property and automatically can have passport.