Brazil – Property in Paradise
Everyone knows of the carnivals in Rio, the breath-taking Amazon Rainforest, the famous beaches of Copacabana, and the sky scrapers, five-star hotels and shopping malls of the larger cities - but Brazil is a vast country of great diversity and some of the lesser known areas are becoming the future for investment property.
Until recently Brazil has suffered from a weak economy, but with the re-election of Luiz Inacio da Sliva, the government plans to invest in improving its coastlines and infrastructure has paid off and Brazil is beginning to see a high increase in international tourism (especially the north east of Brazil) as well as becoming a property ‘hot spot’.
Considering it is one of the worlds most glamorous and exotic locations, harbouring some of the best beaches in the world, the cost of living is 20% lower than Europe & the UK, and property in Brazil still offers extremely competitive pricing.
Buying Property in Brazil
Brazil – Property Purchasing costs: You should budget for approximately 7-9% over and above the price of your property in Brazil as follows:
ITIV (VAT): approx 3.5%
Title Deed : approx 1.25%
Property Registration: 0.75%
Legal fees: approx 2%
Non-nationals are able own property but need a tax registration number (a CPF), which can be arranged by a lawyer. It is far simpler to buy off plan property in Brazil, but as long as you have a reputable lawyer to undertake all legal checks, the purchase of a resale property is easy enough. A legal purchase can only be made if the funds for the purchase are registered with the Central Bank of Brazil, again a good lawyer will do this for you.
For those who do buy property in Brazil, not only will they see an estimated return of 20% a year, but rental income will increase as more tourists visit this tropical paradise. Stays are generally longer than in Europe, as the flight time is around 9 hours, compared to the 2+ of a European holiday.
With the average temperature at 28°C, and around 300 days of sunshine per year, Brazil is an excellent choice for a holiday all year round which also means for those property owners, a year round income.
Check the weather in Brazil >>
There are direct flights to Brazil from the UK and Europe, and a new airport currently under construction in the north east will be one of the world’s largest international airports on its completion in 2009. Easy access will of course increase Brazil’s property prices.
Buying property in Brazil can be fairly complicated and investors are advised to use an agent to help you through the buying procedure as well as a lawyer.
Dream village Front line Development in Cumbuco, where you will find some of the most beautiful beaches and spectacular sand dunes in the world
Lagoa Do Coelho Top Investment 2007 – ‘The Brazilian Dream’
Lagoa is set to be the most spectacular new development in Brazil, consisting of an 18 hole golf course, 5 star hotel, sports centre….. >>
Reasons to invest in Brazil property
Easy access to resorts from airports
Excellent Returns on investment
Strong property market
Millions of $ being pumped into infrastructure and tourism
Year round sunshine
Positive currency exchange
Good rental returns
Low inflation rates
Fantastic scenery, beaches and culture
