Property Buying Guide for Brazil – Getting the Best Deal

Thinking of buying property in a foreign location? Why not in Brazil? Offering the best in climate and reasonable real estate prices, it’s hardly any wonder that Brazil holds special appeal for people seeking property in a foreign land. An increasing number of people from all over the world are investing their money in real estate in Brazil.

Brazil as a Good Property Investment

A prominent country in South America, Brazil offers one of the most diversified landscapes anywhere in the world. With a most comfortable climate all round the year and a rich cultural heritage, Brazil has always attracted many tourists from all over the world. If you are thinking of buying a second home in a foreign location, why not give Brazil a try? Brazil is considered to be one of the most affordable places in the world, with an estimated cost of living that is a mere 20 percent compared  to that in the United Kingdom. With affordability and idyllic surroundings to its credit, Brazil is indeed a good option where it comes to real estate.

Brazil also greatly scores over other destinations in the world on account of the reasonably priced properties available in the country. Many people today are realizing the potential in real estate in Brazil. The country is the ideal place to purchase property – whether for setting up a holiday home, constructing a quiet place to spend your days post retirement, or even as an investment option. Each year, an increasing number of people are turning to real estate in Brazil. With several regular flights connecting Brazil to major destinations across the world, the country is much closer than you ever thought of.

Exploring the Market

The real estate market in Brazil has seen an upsurge in recent years. A reasonably good economy and infrastructure are said to be a motivating factor for many people turning to Brazil to either rent or buy property. While economy and infrastructure have contributed in some measure to the rising interest in property in Brazil, the primary reason lies elsewhere. Sports currently hold the key for unprecedented interest in properties all over Brazil. With the FIFA World Cup in 2014, and the Olympics in 2016 to be held in Brazil, many people are looking towards real estate in the country as a good investment option.

While property in Brazil has always held a special charm for many, in recent years more people have come to view investment in property here as a viable option. With an unprecedented focus on real estate in Brazil, there has been much demand for all kinds of housing options – both for purchase as well as for renting. It is since the third quarter (Q3) of 2009 especially that prices of sales have risen considerably.
According to one of the most prominent local names in real estate, Cyrela Brazil Realty, the average across sale prices saw an increase by as much as 13 percent during this time - which surely bodes well for the years to come.

Getting to Know Brazil

When thinking of purchasing or renting property in Brazil, you have many options to choose from. Today, many websites offer the facility of searching for all kinds of property available in Brazil. Offering a brief introduction, along with attractive photographs of every individual property up for sale or rent, such websites are of immense utility.

Leading websites ensure ease in browsing through existing listings on the basis of either region or towns in Brazil. The different regions in Brazil are categorized under the following heads: Jacuma, Pipa, Joan Pessoa, Rio De Janeiro, Natal, Paraiba, Fortaleza, and Ilha de Tinhare.

Town in Brazil that would regularly come up while searching through a retail website would be: Tambaba, Natal, Ponta Negra, Bahia, Flecheiras, Rio Grande de Norte, Flexeiras, Pedro Do Rio, Sonhos do Mar, Jacuma, Tibau Do Sul, Paraiba, Pium, Caraubas, Maracajau, Bosque Da Praia, Carapibus, and Petropolis.

With specific prices varying from property to property, a house for sale in Flexeiras can cost somewhere around $260,000, whereas a house for sale in Pipa can cost around $245,274.

Things to Keep in Mind

In keeping with the great interest of real estate in Brazil, the country now has many professionals who can guide you on your quest for a perfect property. Some of these professionals are conversant with English, French, Italian as well as Spanish. When looking for a property in Brazil, some important things to be kept in mind are the following:

• Awareness of your rights with reference to any delays in the purchase of completed property.
• Ensuring that the completed property is according to specifications mentioned for construction.
• Property rights available to foreign buyers are the same as the rights of residents of Brazil.
• Getting your lawyers to keep tabs on any hidden costs or charges incurred during construction of the property.
• Ensuring that any issues or complaints are duly brought to the cognizance of the authorities concerned.
• In the event that the prospective buyer wishes to terminate the contract for any reason, Código de Defesa do Consumidor (Code of Consumer Protection in Brazil) allows the buyer the option of either a complete refund of any money that might have changed hands, or to go in for a rebate on the purchase price as mentioned in the contract.
• Getting all the contracts translated, with the help of certain law firms operating internationally, into a language that you can fully comprehend.

Welcome to Brazil – land of luxury, sport, fun and culture!