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A No Holds Barred Guide to Buying in Brazil
June 9, 2010Article by Ray Withers
There is currently a lot of news and advice going round on how to go about buying Brazil property, and while much of it is solid and based on impartial advice, some of it isn’t according to international property investment consultancy Property Frontiers. Director of the firm David Cox said:
“I have read several guides to buying Brazil property in the last fortnight alone, and felt compelled by them that we should put forward some better advice,” said David Cox, director of the firm, he explained:
“For instance, it seems to be considered good advice to immediately enlist the services of a professional agent in your own language, because they can guide you on your investment. That is true, but to also suggest that they should be asked to recommend legal professionals in Brazil is a bit shady. Many UK agents of overseas property have mistakenly ended up recommending some pretty shoddy “professionals” in countries around the world.”
Cox continued: “We always advise that a client’s first step after choosing a location through online research and discussions with us, is to make a trip to the location, and preferably to any off plan developments you are considering to do close-up research on the developer and the development.
“It is good to speak to people who have bought on the developer’s past developments, and to make sure the development is on a sound footing with regards planning laws etc. While there you can also pay a visit to your country’s embassy, and find out exactly which legal and financial professionals who speak your language you can trust. Only then should you get back in touch with your agent about proceeding with a purchase.”
Property Frontiers are currently marketing Brazil property for sale with a focus on the upcoming north eastern city of Natal. According to most of the reports, the north east of Brazil is to see the most magnificent in the country’s growth, and Natal will undoubtedly be among the biggest benefactors of this.
The firm has something for both the luxury lifestyle buyer and for the hardcore investor targeting the massively undersupplied local market.
The Natal Ocean Club is the ultimate in luxury developments; right down to the 300m of private beach it is fronted to. Prices on the development start from £138,000 for a 1 bedroom apartment, with 1 bedroom villas available from £318,000.
Edificio Dr. Geraldo Furtado is an exclusive development of 86 apartments specifically designed for the local market. Prices start from £57,000 for a 1 bedroom apartment.