Seeking Advice: Buy/Invest in Rio de Janeiro

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Dotty

Banned
This whole discussion started when i said you can now purchase in the UK e decent 2 bed apt for the same price as a purchase in Natal . I have no idea what you get for 100k in Bahia or the South ,but I know what you can get here.I spend my time viewing properties,infact a viewed a few yesterday!Roughly ,95 meters 350,000 reais,nice location ,dark apt,small balcony,wrong position ,small outdoor facilities!Another-
150 mets 420,000 ,overlooks other tower blocks,deadful surroundings,yet close to all amenities , ideal location.

Viewing Cliveemson's webpage I came up with several decent homes at auction to purchase for investments,of course it's not the only options,but it's definately a buyers market and a sellers nightmare with 1000,s for sale.
dotty of course you can buy a pretty decent flat in u.k. for 91k depending on where in country dont think it would have been a problem 2 years ago either. BUT in the south east it would still be a very very good deal to get a top notch 2 bed for 91k. (anywhere outside hastings and the medway towns that is - and even there a really good 2 bed in good area is going to be over 90k)

auctions are great but pretty restrictive for many buyers.

in the places i know in brazil - Rio Grande do Sul and southern Bahia in my opinion you still get alot more for your cash in brazil than most of u.k.

i have never been to rio and its not high on my list of places to visit.
 
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JMBroad

New Member
As I said earlier Dotty, I'd like to see which properties you are looking at. We don't have anything which would interest you at the moment (we don't deal in luxury developments) but I'm curious to see where you are looking if everything you are looking at is that expensive.

Are you only looking at finished developments or are you also looking at off-plan? Coffee and orange juice is on me...

(I just brought 20 kg of oranges I got at the market for 17 R$ last week into the office so we can have freshly squeezed orange juice all day for a while)
 
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robh

Administrator
Staff member
Premium Member
Dotty,

I don't stay in Pipa Paradise, I own a place next door. Also I grew up in Australia and I am not English so I drink beer not lager, even though most australian beer is technically lager :)





DG,

How can you judge the NE if you've never been there??!I have travelled all around Brasil for over the past 15 yrs and have not yet met a bunch of English lager louts!!Yes,they like a tipple at the weekend ,but so do Brasilians,infact Brasilians guzzle more beer at a Barbeque than a hotel full of British of lager louts do( over a weekend bender as they say!!)

I think John's enjoying himself here and he's not a lager lout are you John??My other friend's are respectable nice people .I am teetotal and a non-smoker(hehe).

Come and visit us in sunny Natal and we'll show you that there are decent people here.
Robh sometimes stays in Pipa Paradise and I'm sure he's not a lager lout.Dave Hoskings has been to Natal(I'm sure he doesn't drink or smoke!)

Drop the stereotype and losen up.You're in brasil.........................

You have strange ideas QUOTE=DGM42;104163]
 
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DGM42

New Member
Dotty,

I don't stay in Pipa Paradise, I own a place next door. Also I grew up in Australia and I am not English so I drink beer not lager, even though most australian beer is technically lager :)
Rob
Just goes to show how much Dotty knows.
Some people might say Austrailian beer is Knats xxxx but that is a differnt conversation. :D only joking
As I said to my ex - why let the truth get in the way, you will will say what you want and not jusify it, just fluffy comments with no proof.

One thing we can all agree on though, whether north or south Brazil it is a great country and I love it - and no brit lager louts :D
 
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robh

Administrator
Staff member
Premium Member
Rob
Just goes to show how much Dotty knows.
Some people might say Austrailian beer is Knats xxxx but that is a differnt conversation. :D only joking
As I said to my ex - why let the truth get in the way, you will will say what you want and not jusify it, just fluffy comments with no proof.

One thing we can all agree on though, whether north or south Brazil it is a great country and I love it - and no brit lager louts :D
Funny you should mention xxxx there is an australian beer called XXXX which is a good name for it considering how bad it tastes :)
 
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DGM42

New Member
Funny you should mention xxxx there is an australian beer called XXXX which is a good name for it considering how bad it tastes :)
I know that is why I put them, Castlemaine yes taste horrible.
I like the Braziian beer though, Skol, Brahma and Itapava.
Mind you the Bramha that you get in UK is not the real thing it is different and brewed for the UK market by Imbev unless you import it from Brazil.
 
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timatthebeach

New Member
Bohemia is the best in brazil for me...............................
 
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DirkBrasil

New Member
Experience in Rio

I am new to this forum, and found it very interesting to read about your experiences with Real Estate in Brasil. I ( Dutch nationality) live here more than 10 years and my wife is a Brazilian lawyer . Of this time I have lived more than 7 years in Copacabana, and have met many real estate brokers, of which 95 % would not survive a day in Europe: no respect for their clients, bad behavior , dressed in dirty T-shirts always in search of a possibility for a rip-off if the client is a foreigner. Not to forget the absolute lack of knowledge of a foreign language. Not all applies for each of them, but it certainly does in combinations of these facts.
Lately ( last 5 years ) we have seen an increase of Portuguese and Italian investment buyers, and also the Germans are seeking advice for their purchases, where the here discussed elements of mortgage very often is a topic, and those who purchase their apartment, prefer a direct full payment .
In a few situations, we have seen that someone purchases one ‘good apt’ and a cheaper second one and works on some modifications, to give it a European appearance. Then with some furniture included, it is rented out for ‘temporada’. Something which in Rio is an attractive investment, due to a higher percentage of occupation / year than the north east of Brasil. Also, the re-sale value in Rio is much higher , should someone want to sell it quickly if necessary. Interesting for such situations are the two bedroom apts. , of about 60 – 80 m2 , which at two blocks from the beach in Copacabana go for about R$ 250k to R$ 280k. Ipanema and Leblon have higher prices, but the furnished rented apts have a better turn-over in Copacabana.
 
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JMBroad

New Member
Hi Dirk and welcome to the forums - thanks for sharing your experience in Rio.

Regards

John
 
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maclarke

New Member
Hello all. you may remember some of my earlier posts in regards to buying in brazil. Just to inform you all that i will be travelling to brazil (rio) in september to get a better idea of places to buy and what is on offer. I will apply for my CPF number in the mean time.

One question to all...where do i find official information about when the Brazilian banks/government will offer foreigners mortgages?

I am going to buy here in the UK before this time comes and hopefully make a stronger foundation (financially speaking) in London
obrigado

Matthew
 
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JMBroad

New Member
Hello all. you may remember some of my earlier posts in regards to buying in brazil. Just to inform you all that i will be travelling to brazil (rio) in september to get a better idea of places to buy and what is on offer. I will apply for my CPF number in the mean time.

One question to all...where do i find official information about when the Brazilian banks/government will offer foreigners mortgages?

I am going to buy here in the UK before this time comes and hopefully make a stronger foundation (financially speaking) in London
obrigado

Matthew
Hi Matthew.

I don't think you'll be able to find any official information regarding mortgages for foreigners from Brazilian banks simply because the mortgage market is so new. I'e been trying for a while and have spoken to numerous banks and bank managers, examined every development which claimed to offer mortgages for foreigners and so far never found any information to claim that it is possible. At most you might be able to get a mortgage from a developer but that is more like a loan than a mortgage - tends to be very short periods and very high interest rates (as much as 24% in some cases).

If you do find any information though, please let me know - I'm hoping banks will start mortgages to foreigners either this year or next year but it's probably wishful thinking on my behalf.
 
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robh

Administrator
Staff member
Premium Member
Hello all. you may remember some of my earlier posts in regards to buying in brazil. Just to inform you all that i will be travelling to brazil (rio) in september to get a better idea of places to buy and what is on offer. I will apply for my CPF number in the mean time.

One question to all...where do i find official information about when the Brazilian banks/government will offer foreigners mortgages?

I am going to buy here in the UK before this time comes and hopefully make a stronger foundation (financially speaking) in London
obrigado

Matthew
Matt,

I have seen foreigners manage to get a mortgage by using a fairly complex company structure, but the interest rates are very high and the company structure is very expensive.

Once the credit market frees up a bit more I am going to try and set up mortgages for foreigners once again but that will be a while away yet.

Regards,
Rob.
 
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DirkBrasil

New Member
Private house to be sold

Hi John,
It happens that for health reasons of my wife ( very high blood pressure) I suddenly have to leave my house in the mountains in the south of Minas Gerais ( city of Itamonte, near the Parque Nacional de Itatiaia) , just over the border from Rio. It is located 230 km from Rio and 270 km from S Paulo. We are in the final stages of construction ( see //dirkmid myphotoalbum com) and has a constructed 310 m2 on 860m2 area. I want to get it sold as soon as possible and find a place more at sea level... even thinking of Natal. Do you happen to have any contacts for whom this might be an interesting investment? I accept anything above R$ 300k.
Dirk
 
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maclarke

New Member
Hello All/John,

Just to keep you informed, I went to the Brazilian Embassy 2 weeks ago and applied for my CPF (national insurance number). Once that comes through and when the time is right I will try to pursue opening a bank account in Brazil - i'm sure this will be a long process.

I'm very committed to Brazil, so much so that I am considering taking a 3-4month sabatical from work to learn Portuguese in Country to assist with my future plans.

Any, just kkeping you up-to-date and welcome feedback/updates that would be of interest

thanks
 
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