
1395 Brickell Avenue
Miami, FL 33131
7:30 AM - 7:30 PM
Monday to Saturday
+1 (305) 716-8242
info@1212capitalpartners.com
Miami, FL 33131
Monday to Saturday
info@1212capitalpartners.com
The Brazilian real estate market is one of the fastest growing in the world. This is due to several factors, such as a booming tourist industry, a more stable economy, welcoming to foreign retirees and low property prices. Plus, new government legislation is encouraging foreigners to invest in this growing market.
Tourism in Brazil is a growing sector and is key to the economy of several regions, with Rio de Janeiro and Sao Paula being the most visited.
According to Brazil’s Ministry of Tourism, 2017 brought 6.6 million tourist – more than during the Olympics and the FIFA World Cup. It is the most visited country in South America. Tourism is a top priority of government as evidenced by its growing tourism industry.
2018 brought record tourism after the introduction of the e-visa program, with allows you to stay for 90 days with just your passport and can be extended another 90 days. Travel must fit certain criteria and is only offered to a handful of countries.
Living in Brazil is a lot cheaper than in the US and has amenities such as beautiful beaches and natural areas, exotic people and cuisine. Plus, the government provides retirement visas for permanent residency to foreigners if they have a certain pension rate or guaranteed income, which is about US $2000 per month. This is creating an increased demand for the construction of retirement communities for international retirees.
Relaxed foreign investment processes in Brazil are creating a positive environment for foreign investors. The purchase tax in most cases is 0% plus a significant tax cut for non-residents. Other pluses include a restriction free purchasing process, and a freehold basis which gives 100% land ownership. However, this is limited to urban areas and not rural or border communities.
In recent years the real estate market dropped due to a period of economic crisis but is now rebounding. Real (Brazilian currency) also lost nearly double its value.
Currently there is a housing shortage of nearly 8 million and 80% of the population live in urban areas. With apartment building being cheaper to build, this offers a great opportunity to help fill the gap.
Bloomberg is currently considering Brazil as the foremost investment target among the emerging Market. https://www.bloomberg.com/news/articles/2018-12-19/brazil-tipped-to-lead-an-emerging-market-comeback-from-dour-2018
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1395 Brickell Avenue Miami, FL 33131
+(305) 716-8242
info@1212capitalpartners.com
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