No problems for Brits to buy in Brazil
Related Articles |
| China is 'an attractive investment' People looking to move abroad should consider China as its booming economy makes it an attractive investment, according to a property website. 20th November 2008 |
| Egypt is 'easy to move to' People may want to consider becoming an expatriate in Egypt as the African country has many advantages for foreign investors, claims a property website. 20th November 2008 |
| Investment increases in Mexico People looking to move abroad may be interested to know that there is great potential for investment in Mexico, claims a property company. 19th November 2008 |
| UAE expatriate community 'on the rise' The United Arab Emirates (UAE) is expecting to witness a dramatic growth of expatriates in the coming years. 19th November 2008 |
| Expats starting 'to discover' Brazil People looking to move abroad may be keen to know that Brazil has only recently become a popular place to buy property, according to the Embassy of Brazil in London. 19th November 2008 |
| News archive |
Unlike some countries in Asia, expatriates are free to buy property in Brazil which is attracting investors, retirees and those looking for holiday homes despite being an emerging housing market, according to BuyAssociation.
Richard Way, editor of A Place in the Sun Magazine, said: "There are no restrictions on people buying in Brazil, unlike some parts of China and India where you can't buy as a non-national of those countries."
One difficulty expatriates may encounter is that non-residents are not allowed to set up bank accounts in Brazil but Mr Way claims this problem can be bypassed through an agent or a developer.
"It makes it difficult for the investor but there will be ways around this and normally you would do it through someone else," he added.
Plots in an established development in Brazil will cost around £20,000 for a 1,000-square-metre site, claims BuyAssociation.
Moving abroad? Get a free quote for your international medical insurance online
Tags: Moving Abroad
2008-08-19
