I would like to share some thoughts and get your opinions on buying land and or property in Brazil
LAND-
fixed buying price
no taxes to pay (except minimal beach tax to the Navy)
Clear title
no maintenance
easily sellable to both local and foreign investors/developers
Capital gains tax 15%

OFF PLAN
unknown final cost due to flexible buying price ( building costs)
financial strength of developer?
builders guarantee?
taxes?
maintenance and service charges
rental income ?
resale potential?

Hi,

Depends on your budget???

But for a shrewd investor who can afford to take a risk I would buy a big beachfront plot of land ahng onto it for a few years and sell onto a developer for a big profit with or without planning consent!!

Although with planning consent will ensure that you get a massive ROI- and you should be laughing!

But when choosing ensure the land is close to all ammenities necessary i.e airport, shops restaurants etc and not in the middle of nowhere!!

Take care-D

Since when do off-plans have flexible pricing?

When the exchange rate moves up or down or when the developer decides to swithc the currency he operates in. Or, when he re-writes his rules as the previous ones are no longer beneficial for him!

YAWN .... yes the currency may move against you, it also may move in your favour. Since the country is pretty stable it won't move by much.

As for the rest, get a lawyer to do due diligence and deal with a reputable developer. The contract can't be changed once it has been signed.

How did due diligence go with your PN hooker st. pad .... or didn't you bother?

Oh it was easy...I asked what I was going to get for my money, we agreed on a price and did the business!

You did check the licenses, land ownership, etc though right?

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Yes, I work for a Real Estate company doing market research and analysis but I'm not involved in sales.

Have a nice day

Sterling has lost 9% against the Real in the last 6 months.
INCC has increased dramatically by .41% (period September 21-30)
Previous period was only .13% increase

Berente, another saviour appears..well spotted on the Reis!
Mr Broad, don't worry I did my "due diligence", when I was a lad it was called "Conveyancing".
BT, you don't have to go to Ponta Negra to find hookers or Marbella for that matter, but a concentration does signify a throughput of punters as is the case in Pto Banus and a through put of punters means busy and busy means money and money means demand and demand means "capital growth". Not everyone's cup of tea but turnover.

Hi all,

Agree with certain aspects of the whole hookers thing!!

But on the flip side it can also devalue an area and potentially cause alot of re-sale problems!!

Take care-D