| Buying property, a smooth transaction, and costs. | | | | on the services we provide. |
| A smooth transaction | | | | Property purchase cost these are the typical |
| Buying property in Brazil is actually a very clear and | | | | transaction costs. |
| straightforward process, but there can be many pitfalls | | | | Property tax varies between 2% and 3% depending |
| for the unaware. For this reason we only work with | | | | on the location, this tax being levied on the declared |
| reputable developers, estate agents and lawyers to | | | | purchase price. |
| ensure a smooth, safe and efficient transaction. Below | | | | Lawyers and Notary fees are charged for checking |
| we set out information on buying process | | | | certificates and registers, that there are no debts |
| requirements and costs of property purchase | | | | owed on the property, for proofing contracts, advising |
| Financing Mortgages in Brazil are very rare because | | | | on obligations and registration of the property in the |
| of high interest rates and most property is bought by | | | | new owner's name. This cost varies between 0.2% |
| full cash payment. In the case of Off-plan property, | | | | and 2% of the property value, depending on the type |
| payment can be spread over a period of up to 5 | | | | of property. Quotes can be requested on your behalf. |
| years. It is possible to obtain mortgages through | | | | Yearly Running Costs |
| international mortgage brokers. | | | | ITPU local municipal tax. |
| CPF (tax registration number) This is required to buy | | | | General, tel,electric, gas, water rates, etc. are about |
| real estate or open bank accounts in Brazil. We will be | | | | 20% of what they are in Europe. |
| glad to assist you in obtaining your CPF. | | | | Condominium charges are between 100 and 400 reals |
| Bank accounts can be opened in Brazil on certain | | | | per month, for upkeep, maintenance and security of |
| conditions and all major banks provide online banking | | | | houses in closed condominiums. |
| services. We can introduce you to a Bank and help | | | | Caretaker for maintenance of garden and pool, |
| with the opening of an account for you here in Brazil. | | | | between 100 and 400 reals a month. |
| Estate Agents We only employ and work with | | | | Housekeeper, for cleaning and cooking, between 350 |
| government certified CRECI estate agents. | | | | to 500 reals a month. |
| Lawyers We have for your legal advice a selection of | | | | The above costs are guidelines to help you plan your |
| lawyers specialized in real estate, taxes and | | | | budget. When purchasing a property, costs can vary |
| immigration. | | | | to those stated above depending on property type, |
| Buying Costs | | | | size and investment . |
| Bahia Real Estate Ltda commission charges depend | | | | |