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TheMoveChannel's New Property Investment Opportunity in Brazil

(EMAILWIRE.COM, October 29, 2008 ) Brazil - TheMoveChannel.com, the leading international property portal, announces a number of new properties in Brazil:

· Sonho Verde Residence (£56,000 to £94,090, 1 to 4 bed, completion by 2010)
· Paradise Beach (£58,030 to £155,410, 2 bed apartments, penthouses, sea views)

Properties in Brazil are unlikely to be an investment opportunity UK investors have considered in the past, so TheMoveChannel.com provides an overview of buying property in Brazil.

Buying in Brazil

When buying your property in Brazil it’s vital that you obtain a good agent. The agent will be able to help you to find the property that matches your requirements.

In any negotiation, it is important to understand the issues and risks involved and how your position can be best protected. Consequently, before you commit yourself to a purchase there are some points you need to check, such as if the current owners have the correct deeds to the property, any charges or liabilities that are still owed on the property and if the building has been constructed legally.

Also, if you are planning to refurbish the property, it is vital to check whether you can get the planning consent for any changes that you want to make. Information on the seller is also essential as the seller must have paid all the relevant taxes.

All properties are registered at the Land Registry where details of the entire commercial history and the physical identification of each property, along with any mortgages and encumbrances, can be checked. The access to registry information is available to the public and includes relevant details on ownership, mortgages and other pending debts. It is advisable to get a solicitor that knows Brazilian legislation to check over these documents.

The only requirement you need to buy a property in Brazil is a CPF number (tax registration number), which you can apply for via the Brazilian embassy in your home country or personally in Brazil. This number is required in order to legally identify you for title purposes. The CPF is an important document required for anybody, Brazilians or non-Brazilians, who wishes to buy real state or open bank accounts in the country.

The Brazilian Government has a well developed property and land legislation that protects the property owner, whether they are foreign or local and legal assistance should be sought for the entire purchase process to ensure the investor’s rights are correctly looked after.

After deciding on the right property, a verbal offer is usually made followed by some negotiation. At this stage you should appoint a solicitor to formalise your final price agreement, including the deposit or reservation payments.

Next, a sales contract is drawn up which details the full conditions of the sale and also acts as a receipt for the deposit paid.

The solicitor will be able to assist you in reviewing the contract and advising you on the obligations of both parties, helping you through the payment/funds transfer and finally, ensuring that the property is registered in your name.

Dan Johnson, Managing Director, comments:

“Lively cities, vast jungles and pure beaches, Brazil is a country with stunning beauty.”

For more information on Brazilian Properties and the market in general, please visit http://brazil.themovechannel.com/.

-ENDS-

Notes to editors:

TheMoveChannel.com is a property website that was founded in 1999 as an online resource for buying, selling and learning about property. It now receives as many as 300,000 visits per month and advertises over 50,000 properties in nearly 90 countries, which are listed by over 500 partner organisations.

For further information as well as images and interview possibilities, please contact:

Dan Johnson
Managing Director
www.TheMoveChannel.com
0207 952 7650

TheMoveChannel.com
Jon Moore
020 7952 7658
j.moore@themovechannel.com

Source: EmailWire.com

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