BRAZIL PROPERTY

Country Full Name: República Federativa do Brasil
Population: 186,771,000
Currency: Brazilian Real
Code: BRL
Symbol: R$
Electrical Plugs: 127/220V 60Hz
Languages Spoken: Portuguese
Time Zones: GMT/UTC -3 (Brazil Standard Time)
Country Dialing Code: +55

BUYING A PROPERTY IN BRAZIL

Brazil is gaining interest from European investors and people seeking a second home or retirement home, the low cost of living in Brazil together with the climate makes buying a property in Brazil a very attractive option for investors. Brazilian real estate is very affordable, many developments can be purchased off-plan, which is a very attractive option for anyone planning for the future. We specialise in the two main areas where developments are springing up in the current climate. Property in Natal is very desirable as it is the closest point in south America to Europe. Off plan property in Bahia is another area of specialism for Dream Resorts. Bahia is a state of Brazil that not only has glorious beaches, but also offers lush rainforests that pull in eco tourists.

Buying beach property in Brazil is quite a simple procedure, although buyers are always advised to use a reputable lawyer to oversee the legal requirements of purchasing investment property. As in most countries buying off-plan is a good investment as the value of the property increases at each stage of construction, as it take approximately two years to complete a new development investors have seen their investment increase considerably. Those that invest in off-plan regularly sell before completion, while other investors choose to buy-to-let. In Brazil, buying off-plan means buyers can choose their plot from architects drawings and plans, computer images of the interior and exterior of the new properties in Brazil will give buyers an idea of size and layout and how the development will look once completed. Off-plan Brazilian property also enables buyers to choose from a full range of kitchens and bathrooms, in some cases the developers will allow buyers to purchase off-plan in the early stages of construction. Once a buyer has chosen a plot a deposit is required to secure the property usually between 15% and 40%. Mortgages in Brazil are quite rare, the majority of property purchased is done using cash, however payments can be spread over 5 years. In some cases finance can be arranged through the developers. New developments in Brazil can be found along the beach front as well as inland, beach front property is both desirable and affordable and could be rented out when not in use by the owners making this a good investment.

Brazilian properties are built to high standards with attention to detail, residential apartment complexes have communal pools and many have a fitness centre. Most new developments have balconies with fantastic views of the ocean and surrounding scenery. Many of the master bedrooms have ensuite facilities.

Of course investment property in Brazil isn’t confined to new developments, many resale properties are available, and some in need of renovation or part renovation. Using our extensive knowledge & experience of property in Brazil these resale opportunites can provide a good rental income in the right location as tourism increases.