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Brazil Property Buying Process
Due to high economical strength, Brazil is amongst the fastest growing worldwide property markets.
Profit from Brazilian real estate investment is currently amongst the highest in the world.
In general the property investment is focused on some specific locations:
The north east coast of Bahia,Sao Paolo and Rio. Also north eastern state of Brazil with the capital at Fortaleza,is anhighly recommended place to buy a second home or to make a property investment.
In Brazil, the property value increased with over 20% over the past 3 years but still the property investor can get more value for money than almost anywhere in the world.
In Brazil, the foreigners are allowed to buy land and property and can own the freehold title.
The real estate buying process is easier than in most other counties and combined with the relatively cheap property price, makes Brazil one of the most sought after property market.
In order to buy a property in Brazil, the foreign investor should be in the possession of a CPF number which is similar to a social security number.
To obtain this, it shouldn't take more than couple of days.
As in most of other countries, the buyer should make use of the services of a real estate agent which must be registered with the Brazilian real estate federation.
There are approximately 85,000 real estate practitioners in Brazil and they are all required to be registered.
When the property is found and agreed upon the price with the vendor, a deposit is required in order to take the property it off the market.
Of course it is recommended to use a solicitor in order to have all the searches and checks of the property.
In case you plan to rent out your property in Brazil or sale it at a later time, you must take into consideration that your are subject to capital gain tax rate of around 15%.
Notary fees are between 0.2 and 2% of the purchase price, depending on the type of the property.
Government purchase tax is approx. 2% to 7% of the purchase price.
Council rates are usually around 1% of the property value per year
Financing Mortgages in Brazil are very rare because of high interest rates and most property is bought by full cash payment.
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Property Price Guide as per 2006
2 bedroom apartment in João Pessoa not far away from the beach,will cost you around 40,000 Euros.
In Aracaju, a 3 bedroom apartment (100 sq.m) will cost around 90,000 Euros
A 2 bedroom villa in Joao Pessoa can be bought for around 60,000 Euros
A villa in Salvador(Brazil) with 5 bedrooms and 3000 sq.m of land will cost you from around 90,000 Euros.
A large country house + 2 ha of land will cost you around 90,000 Euros
In Itmaraca, Altos De Trancoso a 70 sq.m apartment will cost you from around 30,000 Euros
In Galinhas, Parati Brazil, a 3 bedroom apartment will cost you from around 35,000 Euros
In Dream Village, Fortaleza a 3 bedroom apartment will be from around 60,000 Euros, a penthouse will be around 90,000 Euros
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Real Estate Agents
Marcelo Emediato Álvares
Av.Contorno, 4640 sla 601 - Funcionarios
Belo Horizonte
MG
Brazil
CEP 30110090
Telefone (31) 32624464
Fax (31) 32624464
Advocacia Cesar Augusto Nardi Poor
Av. Brig. Faria Lima, 1478 / Cjto 401
São Paulo
SP
Brazil
CEP 01451-001
Telefone (11) 3817-4777
Fax (11) 3813-1418
Álvares Imóveis - Belo Horizonte
Rua Outono, 351 - Loja 10
Belo Horizonte
MG
Brazil
CEP 30310040
Telefone (31) 3225-5705
Eduardo J. S. Pires
R. Fiandeiras, 175
São Paulo
SP
Brazil
CEP 04545-080
Telefone (11) 971-9704
Fax (11) 822-1599
Imóveis POA.Net
Rua da República, 541/204
Porto Alegre
RS
Brazil
CEP 90050-321
Telefone (51) 280-2831
Sergio Gonçalves Consultoria Imobiliária
Rua Pernambuco, 459, Bloco B2, apto. 304
Campo Grande
MS
Brazil
CEP 79010-790
Telefone (67) 721-7056
C Marqx Imóveis
Praça Dia do Senhor, 60 - Ibirapuera
São Paulo
SP
País Brazil
CEP 04501-010
Telefone (11) 3884-8155
Fax (11) 3884-9155
Contrise Imobiliária Ltda
Av. Sete de Setembro, 4538
Curitiba
PR
Brazil
CEP 80250-010
Telefone (41) 342-6368
Fax (41) 342-6368
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