Now Is A Great Time To Consider Buying Property In Brazil
- City of São Paulo
Brazil is the fifth largest country in the world with over 4,500 miles of beautiful coastline and wondrous natural features including the Amazon River, the Atlantic Rainforest and 4,000-foot mountain peaks, which makes buying property in Brazil that much more attractive.
Brazil’s cosmopolitan and international flair include a European-populated southern coast, Sao Paulo – South America’s largest city — and Rio de Janeiro, one of the world’s most enchanting cities, and one of the hot spots for buying property in Brazil.
It is the largest in Latin America in population as well with 19 cities of over 1 million in population.
With a cost of living that is one-fifth of the United States, Brazil is a land of opportunity with investment possibilities at many different levels.
Its vibrant real estate market allows individuals buying property in Brazil to find their own paradise whether it’s for expat living or vacations or investment for the future.
Whether you’re looking to live by tranquil breaches in lush rural areas take part in the colorful lifestyles of Rio de Janeiro and Sao Paulo, there is something for everyone looking to buy property in Brazil.
Brazilian Hospitality
- Farol da Barra Beach
In addition to its natural beauty, the people are what make Brazil such a unique and wonderful country and part of what makes buying property in Brazil so enticing. The people are warm, outgoing and open.
Brazilians are very intimate and like to touch and stand closer to one another than many North Americans are accustomed to.
Brazilians don’t have siestas, but they may take two hour lunches. At a business lunch, coffee is served prior to bringing up business matters.
Affordable Housing In Brazil
Homes in Brazil are relatively inexpensive compared to the United States and other popular destinations throughout the world, and this is part of the attraction of buying property in Brazil.
A three-bedroom home with an ocean view and a pool may be found at around $200,000. Two-bedroom condos on the ocean can be purchased for as little as $150,000.
While these prices are expensive for Brazil, they can be bargains for European, American and Asian residents thinking about buying property in Brazil.
While homes are already relatively cheap, historically the most economical way to purchase real estate has been during the planning or building stages, with increases in value generally up to 50 percent after construction is finished.
Foreigners Are Welcome To Buy Property In Brazil
All foreigners may buy property in Brazil. There are no restrictions to these investments, both in terms of amounts invested or in the number of real estate units held.
Buyers in need of financing have several available options including financing the purchase of their property in Brazil through a financial institution or directly with the building company.
By the way, the word for mortgage in Brazilian Portuguese is “hipoteca”.
Only foreigners who are permanent residents and have a proven income salary can apply for mortgages when buying property in Brazil. The main real estate financing agency in Brazil is Caixa Economical Federal, which is a government-owned bank.
If you’ve found this article on buying property in Brazil interesting, why not take a look at Global Escape Realty for a full range of international real estate opportunities?
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