Property In Brazil
Procedures for buying a property in
Although there is a standard procedure for buying a Brazilian
property, this may vary slightly depending on the type of real
estate you are going to buy.
For example, if you are buying an offplan apartment in Brazil which is still
in the process of being built, there will be a marginal difference
in the procedure compared to buying a resale property. In
addition, different developers will have different expectations
or slightly varying procedures even for offplan apartments so it is
always best to check with the developer for their specific
Once you have a good independent lawyer to represent you and
you have obtained your CPF number, you can begin the process of
buying your Brazilian property.
Procedures your lawyer will carry out
Your lawyer will carry out all the relevant Brasil property
searches and you will also need to open a bank account in Brazil.
A Brazilian bank account is needed for two reasons. Firstly, it
is a requirement that all monetary transactions be registered as
a foreign investment with the Bank of Brazil.
Secondly, a bank account provides physical evidence of your
deposited funds to purchase your Brazil property and thereafter,
proof of payment to the vendor's account upon completion. You can
opt to send your funds to an escrow account, which your
solicitor will arrange. However, this will incur you an
additional legal cost.
If you are using an international law firm in your home
country to assist you with buying your property in Brazil,
you have one of two options to proceed with the signing of the
title deeds. You can either gauge your Brazil travel
northeast to coincide with the signing of Brasil property deeds or
alternatively, you can sign a Power Of Attorney to have
your solicitor sign on your behalf. The latter will be an
additional expense in the region of £100-£200, which will be
added to your legal bill. Your solicitor will advise you on
this. In any event, you will need to visit Brasil in person
to open up a bank account at some point.
Your solicitor will send you all various documentations relating
to the purchase of your property in Brazil, which you will need to
sign and return. If you have not yet obtained a CPF number, you will be
required to visit a public notary in your country to get your
passport notarised. Upon returning the notarised copy to your
solicitor, s/he will then arrange for your CPF tax identification
You should note that under Brazilian law, if you are married,
your spouse's name must also be entered on the property register or
title deed of any real estate land or property you buy in Brazil. Your spouse will therefore also need to go through the notarisation
Once you have obtained your CPF tax identification number, this
enables you to open up a Brazil bank account,invest in any other
properties in Brazil and allow you to engage in other financial
It is usual to pay a 10% deposit once an offer on a property in
Brazil has been accepted. The full balance will be due at
completion. However, this figure is not set in stone and may vary
according to the developer or, may be subject to particular
circumstances under which you are buying your property in Brasil.
Brazil Real Estate Property Market
Brazil northeast is the
leading real estate land investment product to watch, according to
property agents worldwide. With cheap real estate in Brazil,
Brasil Property Investment
Real estate investment property is looking increasingly
more attractive with Brazil northeast's close proximity to Europe.
This is but one of many factors that make investment property in
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How Safe Is Brazil Property Investing?
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Brazilian Requirement For Buying Property
Buying property in Brasil is pretty
straightforward with quality legal representation. A CPF is a legal
Brazilian pre-requisite for buying a Brazil property, here's how to
Brazil Property Costs
Guide to upfront costs, solicitor fee, property
taxes and other backend expenses you can expect to pay when you
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Brazil Rental Investments
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