Brazil, Who Wouldn't Want to Own a Slice of It?

Brazil, a truly vibrant culture from the dancing to the stunning beaches, to the hypnotic rhythms and gregarious living. Some would say Brazil is filled with the most beautiful land and people in the world, who wouldn't want to own a slice of it?

In a world wide property market where investors are cautious, Brazil has been a stand out success story. This has been due to several factors including a strong natural economy that is not over reliant on tourism. Brazil has an abundance of natural resources, including oil, which gives the economy stability that investors look for. Brazil also has a huge population (just under 200 million) and is well pegged to become a future super economy. Plus great climate, beaches and a vast wealth of different landscapes. Favorable currency conversion for westerners, (1.00 GBP = 2.67 BRL/ 1.00 USD = 1.69 BRL & 1.00 EUR = 2.33 BRL)* and of course great property at great prices.

Over the last 5 years, government reformation has enabled Brazil to make significant improvements in social sectors. Average earnings have been on the rise, as has employment possibilities for a country looking to better itself. This has brought about more disposable cash flow and in turn, better interest rates and a greater desire for Brazilians themselves to purchase their own properties. Presently Brazil is the largest economy in South America, with increased Income and a thriving economy driven internally and internationally. Fortunately, Brazil has tightened the belt of the limits to foreigners in their purchases. President of ADIT (Association for Real Estate and Tourism Development in Northeast Brazil), Felipe Cavalcante should know that all the concerns of a new law on natural resources, Brazil has around only to agricultural land and always will have no impact Investmentinto real estate.

Where a purchase is made with the right foresight on up and coming areas, such as Natal in the North East, which has been an unbridled success story in the international property world. A mixture of the right location, with good access to road, airports and local facilities can prove an essential mix for a profitable investment, as these are the properties that are in demand for vacation rentals.

It has not been unusual for buyers over the last 5 years to have experienced growth of 100% of the initial investment, and now, with a current interest rate of 9.5% and recently for loans for foreign property buyers, further boom in Brazilian real expected. Brazil is a real opportunity.

A commitment by Brazilian President Luiz Inacio Lula da Silva, has been done to meet the needs of the booming market in its government to spend up to $ 18 billion dollars one million households in the country by the end of 2011.

With the World Cuparound the corner in 2014 and having arguably the greatest football team ever, playing in their home country, also hosting the 2016 Olympic games, all eyes will be on Brazil as they finally step out from the shadow of a developing nation and show the world they are now one of the finest, most progressive places to be in the world. With property prices still currently at a fraction of those in more developed nations, now would be a wise time to invest indeed.

How to buy a property in Brazil:
• Foreign ownership of land and property is permitted. Investment in property may be made from abroad as direct ownership or via a vehicle such as a resident company, partnership or investment fund. Possible restrictions may apply to purchase of rural land regarding desired size of area for purchase.
• You will need a tax registration number known as a Catastro de Pessao Fisica (CPF). This can be obtained from any foreign Brazilian embassy or in Brazil via a lawyer.
• The amount of your Brazilian property purchase must be wired into the country to the Banco Central do Brasil, as this bank allows the Government to record all overseas investment.
• After finding the property you want to buy, you need a Certidao de Onus Reais. These certificates are to be applied for, however, they are not needed for purchase of off plan properties.
• If buying off plan, be sure to undertake all due diligence, ensuring land is properly registration, building permits are in place and a 'Copy from escritura "certificate of publication has been issued by a notary.
• The deposits are usually paid at this point by the buyer and the seller will not be refunded.
• Developed in this phase of the purchase contract, specifying the full sales and paid as a deposit receipt.
• the final stage is the preparation of the completion of the sale of property ("Escritura"). This is usually done at the notary. Once aThe possession of this fact, it is necessary for the Real Estate Registry Office for the effect of the registry.