A Guide to Buying Property in Brazil
Brazil now offers excellent potential for those looking to purchase property abroad. With an increase in the number of direct flights available and some well priced properties available it is easy to see why Brazil is becoming one of the top destinations for purchasing property abroad.
The Brazil Property Buying Process
Overseas property purchasers can buy property in Brazil without major restrictions, however, as with all destinations there are a few limitations. In Brazil these are generally marine and agricultural land and areas near Brazillian national borders.
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When you have decided on a property, you would normally make a verbal offer and after the price is agreed, a solicitor would need to be instructed to formalise the arrangement and oversee the transaction. The procedure may vary dependent on which developer you are purchasing from, so you will need to ask for any relevant information pertaining to the development in question.
The mortgage market is not fully developed and so far overseas purchasers cannot obtain mortgages in Brazil. Buyers therefore usually arrange finance in their own countries.
» Find out more about mortgages for property purchase in Brazil »