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Overseas property buyers in search of a place in the sun that will earn healthy returns need to consider Brazil.
Buying land in Brazil is still easy to do at relatively low prices. International real estate buyers can purchase beach front land for the price of a small car. I visited Brazil North East coast in Fortaleza and have seen for myself the stunning beaches, nightlife. people and low low prices. But surely buying land in Brazil must be a complicated process. Well the answer is a resounding NO!
As always get a good lawyer I would go with one that is used to international investors this is your way to make the purchase safe. DON’T LET ANY REAL ESTATE AGENT TELL YOU ITS NOT NECESSARY! Never sign a contract in a language you do not understand make sure your lawyer is fluent in your language. A good lawyer will
Check that the people or company selling the land actually have full title. You don’t want some disgruntled relative turning up a few years down the line claiming its there land
Check for any charges and liabilities still owed on the property
Advise you on the purchase agreement and the obligations for both parties
Register the land to you
I would say put aside $2000 approx £1000 for legal cost
First Step is Brazilian CPF
One of the first things a determined buyer will do is to obtain a Brazilian ID called a CPF you can obtain one of these by submitting a copy of your passport with a request for a CPF signature card. Once you receive the signature card you simply sign it and send it back with a small fee, and your CPF number is assigned to you at the Receita Federal. This can then be included in any purchase agreement. A formal copy of the CPF card will be posted out to you at an address in Brazil – usually your lawyer´s address for ease.
Brazilian real estate is causing quite a stir at this time, Brazil’s economy and housing market will make Brazil one of the largest economy in South America, The time is now to buy land in Brazil
My top tip when buying land in Brazil
Buy land with zoning and planning permission it will be easer to sell quickly and easier to build upon
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