Amenities:

• 

  Water Sports

• 

  Pool

Purchase Process

The purchase process for Praia Bonita is simple and straightforward. The process can be broken down into the following steps.

• An initial reservation fee of €3,000 (approx £2400) will secure your chosen apartment. This takes the property off the market and confirms that you are in a position to purchase it.
• A deposit payment of 35% of the purchase price is to be paid upon exchange of contract. The reservation fee amount is deducted from this payment price.
• A further 35% of the purchase price is due when the development structure is completed estimated to be January 2009.
• The final payment of 30% of the purchase price, is to be paid upon completion estimated to be the final quarter of 2009.
• For our pricing comparisons we show an example using an exchange rate of €1.25=£1.
• Please note: The purchase of a furnishing package is mandatory if the client wishes to take the rental guarantee. The furnishing package payment can be delayed until the development is finished, estimated to be the final quarter of 2009.

Purchasing Costs

Approximately 8% in purchasing expenses as follows:

• ITIV (Transfer Tax): 3%
• Notary Office (Title Deed & Registration of the deed): 2%
• Administrative expenses (Obtaining CPF Number etc): 1%
• Legal fees: approx. 1.5%

Legal Assistance

We always recommend the use of an independent lawyer when purchasing property abroad. We can introduce you to an experienced independent lawyer who is well versed in Brazil property laws and regulations. Our legal partners are able to communicate in various languages including, English, Spanish, Portuguese, French and Chinese (Mandarin). Click here for further information.

Financial Assistance

The majority of people who have bought investment property in Brazil have funded the purchase by re-mortgaging their existing property or buy-to-let portfolio to release the capital available. In some cases we have seen a combination of using savings alongside a part equity release. At present overseas buyers are unable to obtain a mortgage in Brazil and the above financing strategies offer the best route to raising money for your purchase. Click here for further information.

Currency Disclaimer: Sterling, Euro and US Dollar guide prices are liable to currency fluctuations

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