1. Cheap is not always cheerful. Talented graphic designers are able to make the proverbial silk purse out of a sow’s ear but constructors on the other hand cannot make a good quality product using low-grade building materials, which is what (s)he’ll be using if the list prices are bargain basement. Cheap land could be another reason for low prices, so where exactly is it? A property in near-isolation is never going to be a good investment. Brazil is unimaginably big, occupying nearly half of the South American continent, so amenities could be far away, and when we say far away, on a scale many European’s would struggle to perceive.
2. Beachfront is not always blissful. We know Brazil is a large country and it has a mammoth 7,400km of coastline to match, so you could end up in near-isolation again. Where’
3. Estate agents do tell the occasional lie. Has your chosen estate agent ever been to Brazil or are they simply regurgitating a mixture of the developer's marketing material and Wikipedia? Be wary of the latter. It’s much better for you, the customer, if your agent has been on site, cast a critical eye over the location and qualities and is able to offer their considered opinion. Every product on www.uv10.com has had a personal visit from Samantha.
4. Build your own is rarely a smart move. If all you want is a holiday villa don’t be tempted to source a plot and build your own. Brazilian red tape can be a real nightmare and finding reliable contractors even worse. While prices are so good buy though a developer who has put in the hard yards for you and can offer security and rental returns, some even guaranteed.
5. Safety first. Common sense dictates that even in the very safest parts of Brazil, such as in and around Natal, in a country where there is a marked disparity between rich and poor a detached villa on its own plot is vulnerable if left unoccupied for months on end. Stick to multiple-dwelling resorts, many are gated with security for absolute peace of mind and as a bonus they’ll also maintain the gardens so you don’t come back to a wilderness.
6. License to Build. Those peddling cheap building plots may well truthfully tell you that they have "permission to build". However, what they may fail to add is that this is usually just outline planning permission and not an actual building license. Getting your license may prove extremely time consuming and there are also different types of land title in Brazil so you need to make sure that yours has the right one for the job.
7. Legal eagles. Enlist the services of an independent lawyer licensed to practice in the State in which you’re buying. Finding reliable and efficient lawyers in Brazil can be tricky so don’t hesitate to ask your estate agent to recommend someone who has done good work for its clients in the past. You can decide at the end of the day who will do the best job for you.
8. Keep a paper trail. Is your money going into Brazil? Aside from marketing costs which may be treated separately and be payable in Europe, funds transferred to Brazil will be automatically registered by the Banco Central to conform with money laundering regulations. This paper trail is important when it comes to reselling and getting your money back out and something you should take seriously.
9. Guaranteed rental isn’t the be-all-and-end-
10. Ask, ask and ask again. Your estate agent is there for advice, guidance and information and should have thorough product knowledge. You are entitled to have sight of all information such as licenses, contracts, plans and so on once it becomes available. Buying off-plan involves a lot of research and a sprinkling of faith so get your facts straight.
For more information on Brazil property investment and to find out about uv10’s latest projects visit www.uv10.com or telephone 0845 643 1036.
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