Quote:
Originally Posted by radhav90
Thanks for the advise. Interesting that you make those points as the contract was orginally rejected by my solicitor as the price was not in Reais and contract not in portugese. They are currently drawing up another contract. The prices tend to be around £45k for a 1 bed flat and £70k for a 2 bed flat - does that sound about right to you?
I do want to go to Brazil as soon as work permits (in full time employed at the moment and change of job). Do you recommend a good time to visit?
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Your last question is easy - yesterday was a good day to visit, and today, and so is tomorrow...
Your first question about prices is a very subjective one. Let me quote what I said on another thread on this forum entitled 'A Couple "Musts" and "MustNots" When Investing In Brazil':
...Or, numerous (NOT ALL) agents in Europe are British citizens ripping off other British citizens by deliberately misinforming, or malinforming, lying and vastly overcharging for Brazil properties because they compare well to Europe prices and the Europe property market currently sucks.
I recently wrote to one well known and much publicised web advertiser, informing him that his agent here in Brazil was doubling the local price of property, and suggesting he deal direct with Brazilian brokers to save his clients money. Despite giving examples of 100+% commissions on specific deals, he declined to respond, obviously suggesting collusion...
I don't mean to be the harbinger of doom and gloom, because this is a fantastic country and I love it - and there are some excellent developers and agents out there - but emptor caveat...
From a
personal persective I do not find £45K and £70K for what you describe as attractive, or even remotely acceptable. On my tropical island in NE Brazil live about 17,000 people and for those prices you will get freehold, established detached properties, 3 and 4 bed with swimming pools on or near the beach.
I know of an absolute stunner that you could negotiate off an asking price of £110K, totally furnished nearly 400 sq m build area alone, massive pool, 4 double beds, 5 baths, garage, jet ski store, gardens, etc, etc, just 3 years old...
But I am not a developer, just a Brit who lives here and has been through the whole process of property, permanent visa, etc. My last thought? Anyone who advises you to buy
WITHOUT first visiting and seeing is highly suspicious. Would you buy a car that way?...