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Property costs are relatively low in Brazil, but they're increasing swiftly, particularly in the big towns and main traveller areas. In some areas, property costs increased by more than 50% in 2005. A wide range of properties are available for sale through Brazil, including modern residences and family houses in the cities and coastal cities, and more standard fazendas in the rural areas. New properties can be acquired at the planning or construction stage. It was recently reported that new flats in the most exclusive area of the popular expatriate destination of Beira Mar are selling for US$300,000 to US$1,000,000, while in less expensive parts of the town they're available for as little as US$60,000. In Capongo Beach, a smaller city with a mainly Portuguese expatriate community, condominiums are available for almost US$25,000. There aren't any restrictions on the ownership of land or property in Brazil by foreign nationals.

But so as to purchase property, you need a Brazilian identity card called a CPF. To get this, you will first have to have your birth certificate translated into Portuguese and notarised by the Brazilian embassy in your house country. You may then sign up for the CPF to Banco de Brasil submitting your notarized birth certificate and your passport. You'll also require a Brazilian mailing address, to which your CPF card will be sent. It is a good idea to use a broker or agent when purchasing property in Brazil, but ensure that you find one who is advised to you, and check their qualifications, since there are many bogus property brokers in Brazil. The broker will help you to get a suitable property, carry out legal checks, arrange a price and prepare the contracts. Since costs are commonly heavily inflated for foreign nationals, the services of a good broker can help to save you plenty of money.

You'll also benefit from using a barrister in the preparing of the contract and to make radical legal checks. When you have concluded on a price for a property, you'll be asked for a down-payment of around ten thousand Reals, following which the property will be registered in your name, using the services of a cartorio or notary. The property transfer charge is normally around 4%-5% of the purchase cost. You also will be needed to pay an one percent import tax on the transference of funds from abroad, and following registration of the property in your name you'll have to pay a yearly property tax of about 0.6% of the value of the property. The balance of payment can often be made either in a single installment or in payments spread over one to four years. Mortgages could be available to foreign purchasers from Brazilian banks, but interest rates are extremely high.

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