Sunday, 10 July 2011

Information on Brazilian property market in 21rst Century..Much improved but still alot to learn!

When I first started looking for on-line property in Brazil around 9years ago the listings available were pretty sparse.There were only a handful of sites and I managed to make contact with just one english speaking agent who told me I would need double the funds(I had at the time)to purchase a half decent house in Salvador.This left me a bit despondent with more reservations than inspiration!
When researching the ins and outs of purchasing property in Brazil,the information was few and far between with contradictions and conflicting accounts of what documents were/n`t needed,what to look out for,what you could/couldn't`t buy,etc.It was all a bit daunting and I was imagining all the things that might or would (according to the more pessimistic anecdotes)go wrong.

That was then,in the early 21rst century!I jumped in at the deep end anyway and learnt the hard way with little guidance.Now of course Brazilian realestate is to be found all over the net with forums,blogs(like this one)how to buy guides and a whole array of useful/practical advice to orient would be buyers.First time investors have so much more information about Brazil at their finger tips and use it accordingly.I am amazed at the insider knowledge of some of our would-be clients fresh off the plane you can name drop local developments and resorts like they had been here for years.

This type of comprehensive international coverage on all things Brazilian is set to continue and gain pace as we approach the World Cup and Olympics in 2014 and 2016.The country is interacting globally in business,politics and trade like never before as Brazil comes closer to becoming a world power in its own right.

However despite vast improvements across the board,Brazil is still often misunderstood and the property market is no exception where uncertainties,doubts and misinformation about the logistics of buying property here, abound.I want to add a little clarity on the subject based on my practical experience of buying and selling realestate in R/N over the past 7 years so please join me in this weeks step by step guide on how to purchase property in Brazil.

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