Law Allows For Foreign Non-Residents To Own Homes And Land In Brazil, With Very Few Restrictions.
While the process to buy and sell is certainly bureaucratic by western standards, when using local English-speaking experts, it can be a stress-free and enjoyable experience. Prices are surprisingly low for a home on the beach of a tropical island, and land banking is also popular for the medium to long term investor.
Many foreigners own on the island – either for personal use, rental income (or a combination of both), or purely for investment purposes. A few foreign owners live here permanently, more visit for between 2 weeks and 6 months a year, and some are just leaving their investments to appreciate.
All real estate purchases and sales are conducted by law in the Brazilian Real (R$) currency, with contracts written in Portuguese, although translations can be arranged. It is important to follow the correct procedures and to respect international foreign exchange laws, so getting professional advice, in English, is absolutely essential.
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