Brazil
Brazil has always been a favourite tourism destination for its rich culture and wide choice of natural resources. However, recently the country has witnessed a tremendous increase of interest towards property investment. The Brazilian market presents competitive prices in comparison to the European market and offers a wide selection of natural and urban sceneries to choose from along its 5000 miles of coastline and bustling cities such as Sao Paulo and Rio De Janeiro.
Buying in Brazil is not the same as buying at home, the Brazilian systems are very different from the UK. There will be a number of real estate professionals involved in your purchase, however Brazil is a fairly recent entry to the international real estate world and therefore it is absolutely crucial to ensure that you instruct your lawyer before you begin searching for a property. This ensures that you have the professional assistance of a lawyer to call on right at the onset and makes it far less likely that you are pressured or misled into an expensive mistake.
Of course the vast majority of the realtors and agents are straightforward and honest but their overarching interest is to sell to you, whereas your lawyer’s overarching interest is to protect your interests. There are many significant differences in the way business is conducted in Brazil, (not least the practice of under-declaration of the purchase price), and you must be advised by your lawyer as to how best to protect your position and when it would be advisable to compromise during a transaction. With Giambrone Law LLP by your side to help you make important decisions, your transaction will be a great deal smoother and more successful.
