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Country profile

If you want to better understand how to go about buying a property in the country of your choice, take a look at our country profiles. We have summarised the process for you and identified the latest hotspots for overseas investment

Brazil Bulgaria
Cyprus France
Greece Italy
Panama South Africa
Spain
 

Hotspots

For Property In Brazil, Bahai, Brazil's fifth largest state, is in the north east of the country. Its 669-mile coastline is the playground of the Brazilian rich and famous. The region boasts Atlantic rainforest, red cliffs, coconut palms and sugar plantations.

Salvador da Bahia, Bahia's capital, hosts the world's largest carnival each year. Long term tourism strategy focussing on upmarket development is at the heart of Bahia's growth and it is true to say that where torism goes, real estate will follow.

 

 

[Image: Pelourinho Salvador courtesy of Christian Knepper]

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Brazil is regarded as South America's most influential country and a leading economic power in the region. There has been a great improvement to the economy over the past five years and Brazil is considered to be an emerging market amongst worldwide property investors with low entry real estate prices and excellent returns on investment.

Brazil is an established tourist destination and offers year round sunshine with an average temperature of 21 C. It is a country of great natural beauty, the largest coastline on the continent with seven thousand km of beaches, lively cities and an indigenous and richly diverse African-influenced culture of carnival and music.The metropolitan cities of Rio de Janeiro, Sao Paolo and Brasilia buzz with energy.There is a very well developed tourist infrastructure, traditionally attracting visitors with its sexy, carnival-loving image and accessibility via direct flights from many international airports.

There are plenty of options for international investors in the country's four key geographic regions. There is a low cost of living compared to the UK and Europe - 20% lower than the UK and Brazil is rapidly emerging as one of the world's hottest property markets. The government is committed to investment in construction and in the infrastructure.

Brazil is hosting the FIFA World Cup in 2014

The Property Buying Process
The process is similar to that in the UK.
First the buyer has to obtain a CPF number (equivalent to a social security number). Once the deposit has been paid the sales contract is drawn up. When the necessary checks have been done by the lawyer, the contract is signed and outstanding fees paid to the seller. Finally the documents are sent to the local land registry.
Fees and Taxes

Approximately 7% of purchase price comprising

  • ITIV (similar to VAT) approx 3.5%
  • Title deed (cost for notary office) approx 1.25%
  • Registration of deeds 0.75%
  • Legal fees, say, 2%
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