Risks buying property in Brazil

Buying  property do has risks in any country.  Brazil has some specifics. Please review our warnings  about potential problems with investment in Brazilian real estate. And contact us for advice and help.

House washed away in Brazil

House washed away in Brazil

1. Beach or ocean view properties: your house may be ‚Äúwashed away‚ÄĚ in few years, because ¬†foundation of your house was built on sandy soil without protective measures. This ¬†is an example of those risks, which are not possible to manage just dealing with legal or real estate company. ¬†Developer may have all permissions and nice projects, but he wanted to make higher profit and “saved” on construction.

Brazilian favella

Brazilian favella

2. If you purchased property without visiting location (price, features or location were attractive), you may figure out¬† house is located on the territory of favellas and locals will regard you as a “sponsor”. Usually Brazilians are nice and friendly people, but if rich foreigner buys land on their territory, it provokes sometime some illegal actions.

Favella vertical house

Favella vertical house

3. If you do not reside permanently in your apartments, soon you may find heroin packing shop  there.  Often  apartments cheaper than $30K are sold by former residents of favellas, which received low cost state program and decided to make small business from it.