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Professional Real Estate Associations in Brazil

Economic/Political Profile

For detailed information about the background, geography, people, government, economy, communications, transportation, military, and transnational issues of Brazil,  click here

https://www.cia.gov/library/publications/the-world-factbook/geos/br.html

Buying a Property

The Brazilian authorities encourage foreign investment and there are no major restrictions for foreigners to buy or sell residential or commercial property in Brazil. There are however some limitations and/or fees applicable for specific areas such as marine land, Islands, agricultural land and areas near Brazil’s International borders. To be able to buy a property, an individual taxpayer identification number known as a CPF (Cadastro de Pessoa Fisica) must be obtained from the Brazilian Internal Revenue Service (Secretaria da Receita Federal). This applies equally to residents and non-residents alike and if you are buying as a married couple, your spouse will also have to apply for an individual CPF number. The CPF is not necessary to make an offer on a Brazilian property or sign a purchase commitment, but it is mandatory at the time of signing the deed and transferring ownership into your name. You may also apply for the CPF online at the website of the Receita Federal or via your local Brazilian embassy. The property registry system in Brazil is well developed and safe and real estate registration in Brazil is carried out by private notary publics. All land and property is registered at one single registry, which records details of the entire commercial history and the physical identification of each property. To close a sale both parties must sign a public deed drafted by the notary public, and it must registered following the sale at the real estate registrar. A sales agreement can be entered into directly between a seller and purchaser in Brazil but real estate intermediation can only be carried out by accredited real estate agents or agencies. The rate of commission remuneration (a percentage of the sale or rental value) is determined by the real estate agents legislation of each region, through the Real Estate Agents Regional Councils (CRECI). Transaction and land registry costs when buying property in Brazil can vary depending on location, type of property and the State in which you buy and range between 4% and 8% of the purchase price.
For detailed information and professional advice about buying a property in Brazil consult a member of ICREA’s member associations: Secovi-SP or FENACI. For additional resources related to buying property in Brazil, click here

http://www.property-abroad.com/brazil/buyers-guide/

http://www.channel4.com/4homes/buying-selling/buying-selling-abroad/country-guides/brazil-08-05-29_p_1.html

Other Industry Sources

For additional industry and government sources, click here

The Central Bank of Brazil : www.bcb.gov.br/

National Economic and Social Development Bank of Brazil : www.bndes.gov.br

Brazilian Chamber of Construction : www.cbic.org.br

Consejo General de Colegios de Administradores de Fincas : www.cgcafe.org