brazil beach house

Buying a Property in Brazil From Dubai in 2018..How was it for Riccardo ?

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Mr and Mrs Riccardo Karamat 

British National Living in Dubai

Managing Director of Retail Company

Riccardo talks about his experience of buying a beach house in Brazil this year.

We were thinking about buying a property in Brazil for a while before plunging in.Finally we bought a beautiful beach front house in Natal / Brazil with Mike Smith at Brazil Beach House earlier this year.

We were not able to travel to Brazil to view the property and close the sale so we had to rely on Mike to carry out the entire transaction on our behalf even though we had never met him before. 

He negotiated an excellent price for us. He helped us with all our questions and queries and we gave him a power of attorney to sign the title deeds for us. 

Mike has also helped with arranging surveys,photographers,cleaning and paying the utility bills to tide us over until we are able to make it over to Brazil.

We would definitely recommend Mike Smith at Brazil Beach House as a foreign investor in Brazil and would not hesitate to use his services for any future Brazilian property investments.

Marta & Nils Testimonial for Mike Smith at Brazil Beach House; 01/11/18

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Marta ( a retired nurse ) & Nils ( a retired professor ) are from Norway and owned a lovely beach house in Genipabu,Brazil for 16 years.They spent several months at the house every year without fail and reluctantly decided to sell the property this year due to health reasons. Here is what they said about their experience of selling a property in Brazil;

We sold our beach house in Genipabu, Rio Grande do Norte, this year (2018). We achieved a good price and received the amount as agreed.  Before knowing Mike, recommended by our friends, we were in contact with other brokers. What they offered and did to us, was far from satisfying. The selling of our property long distance turned out to be rather complicated (reorganization at the register office, documentation requirements for the non-Brazilian buyer). Mike had to overcome a few obstacles, and he did it, with patience and courtesy, to our full satisfaction. We can certainly recommend him as a real estate broker in Brazil .  Marta and Nils Sorbo, Norway

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Sao Miguel Do Gostoso /RN..Top 5 Luxury Beach Homes For Sale in October 2018

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Sao Miguel do Gostoso is a small paradisiacal beach resort near Natal (the capital of Rio Grande do Norte state). The city has huge tourist potential, with a growing number of Europeans and Brazilians visiting every year. It is one of the top kite-surfing destinations in the world and has attracted an eclectic mix of cool bistro´s,hotels and beach bars. 

This charming beach town is undergoing a transformation as more and more Brazilians and Expats are drawn to the resort to begin a new more relaxed way of life.

With over 40 small hotels and a great selection of small restaurants and bars,the town is thriving and squarely on the map for further expansion of international tourism.This is a fantastic place to spend some months of the year,retire,set up a business or invest in real estate.

Brazil Beach House has selected these Top 5 luxury Beach Homes For Sale in Sao Miguel do Gostoso, each with distinct style,location,character and quality...

1. Spectacular BeachFront Compound in Sao Miguel Do Gostoso R$3.5Million

https://www.brazilbeachhouse.com/luxury-villas-1/spectacular-beachfront-compound-in-sao-miguel-do-gostoso-950k-euros

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2. Delightful Beachfront Villa For Sale in Sao Miguel do Gostoso R$1.7million

https://www.brazilbeachhouse.com/luxury-villas-1/delightful-beachfront-villa-for-sale-in-sao-miguel-do-gostoso-r175million

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3. Marvellous Private Resort in Sao Miguel Do Gostoso R$1.5million

https://www.brazilbeachhouse.com/luxury-villas-1/marvellous-private-resort-in-sao-miguel-do-gostoso-r2million

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4.Sao Miguel Do Gostoso; Lakeside & Oceanfront Home For Sale with Sensational Deck Views; R$ 1.8 million

https://www.brazilbeachhouse.com/luxury-villas-1/lakeside-oceanfront-home-in-sao-miguel-do-gostoso-with-4500-m2-land-area-and-sensationalunobstructed-deck-views-r-2-million

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5. Tropical 5 Bed Beachfront Villa for sale in Sao Miguel do Gostoso R$1.75million

https://www.brazilbeachhouse.com/luxury-villas-1/tropical-5-bed-beachfront-villa-for-sale-in-sao-miguel-do-gostoso-r175million

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These are the top 5 luxury homes for sale in Sao Miguel do Gostoso right now. Please contact me for any additional information on the properties featured or if you have any other requirements to invest in brazilian real estate.

Financial Times Article Features Brazil Beach House Luxury Listing in Florianopolis

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Brazil’s home buyers bet on the ballot Presidential election could see the economy — and therefore house prices — go either way

Hugo Cox OCTOBER 19, 2018

Being a homeowner in Brazil is hard work. Although mortgage interest rates have been slowly coming down since last July — when the average rate peaked at 11.3 per cent, according to the Bank of Brazil — rates are still high. In August this year, the average rate was about 8 per cent, with deposits of 20 per cent usually being required to secure the purchase.

The country’s economy is struggling to emerge from two years of recession and a contraction of nearly 8 per cent. Despite five successive quarters of growth, the recovery remains anaemic — latest figures for the second quarter show only a 0.2 per cent gain. Brazil’s consumer credit rates — which are among the highest in the world, according to Marcos Casaran, head of Latin America for Oxford Economics in Mexico — are helping to depress consumer confidence.

With central bank interest rates at 6.5 per cent in August, the average borrowing rate on household debt was 30 per cent, according to the Central Bank of Brazil. The result has been a drop in housing demand, especially from rich buyers pulling back from discretionary second home purchases, says Andreas Hahn of Real Estate Brazil, an agent in São Paulo.

In the past five years, house prices have gained just 1.7 per cent, according to Oxford Economics. Taking into account Brazil’s inflation over the period, the real price change is a fall of 15.3 per cent. Map of Brazil Brazilian homeowners are hoping a new president — whom Brazilians will select from two candidates on October 28 — will help turn this around. If the winner can deliver much-needed political and economic stability, it is hoped that banks will again embrace consumer credit — including offering more competitive mortgage deals. “According to this argument, credit will then start flowing again, bringing Brazilian buyers back to the real estate market,” says Casaran.



It’s not just Brazilians who are on tenterhooks for the election result. Local estate agents describe two very different bets taken by foreign buyers on the direction of Brazil’s top-end property market. The first group are staying on the sidelines until Brazil’s economic prospects become clear. Five-bedroom house in Florianópolis, R$7.8m

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“Nearly all my high net worth investors are sitting on the fence until the elections are complete and we have a definite outcome. This year has been a bit of a write-off for luxury home buyers but I expect the market to pick up once Bolsonaro is elected,” says Mike Smith who runs local agent Brazil Beach House in Natal.

The bookies’ favourite is far-right candidate Jair Bolsonaro, who won 46 per cent of the vote in the first round of the presidential election on October 7, ahead of Fernando Haddad, from the leftwing Workers’ party. Haddad, who won nearly 29 per cent of the vote and who will face Bolsonaro in the run-off on October 28, replaced former president Luiz Inácio da Silva as his party’s candidate when Brazil’s electoral court ruled that da Silva could not run for the presidency from jail, where he is serving a sentence for corruption.

Bolsonaro has long expressed offensive views on women, the LGBTQ community (he once said he would rather have a son die than be gay), as well as frequent racism against Brazil’s black and mixed-race communities. However, he is favoured by investors, who believe that his proposals to privatise state-run enterprises and increase the independence of Brazil’s central bank will provide the country with much-needed economic stability.

The problem with the wait-and-see strategy for overseas homebuyers is that they risk missing out on bargain prices. A combination of Brazil’s uncertain economy and the corruption scandal that has engulfed many of the country’s senior politicians — including former president Dilma Rousseff, who was impeached in 2016 — has taken its toll on Brazil’s currency.

The Brazilian real fell 29 per cent against the dollar in the 12 months to the middle of September. For bold foreign buyers, this has created huge discounts, which will narrow if Brazil’s economic recovery firms up and the real strengthens. Hahn says a higher number of his foreign clients have bought homes this year, taking advantage of the savings provided by Brazil’s weakening currency. “This year, the number of sales to this group increased by half on the same period in 2017,” he says, adding that buyers from abroad now make up two out of three sales.

Most of Hahn’s clients are Swiss, French or German; many have established businesses in Brazil in the last year — typically in agriculture or tourism — betting on the country’s recovery.

Much of the overseas money is invested in coastal villas or in prime properties in Rio de Janeiro and São Paulo. In the Jardins area of São Paulo — a district popular with international buyers and Brazil’s business elite — Christie’s International Real Estate is selling a three-bedroom apartment for R$4.9m ($1.35m).

In Bertioga, a seaside town in the wider São Paulo state, Sotheby’s International Realty is selling a six-bedroom penthouse for R$18m. Outside Brazil’s major cities, Hahn points to the island city of Florianópolis — the capital of Santa Catarina, a state in Brazil’s south — and its surrounding neighbourhoods. For those attracted to the city buzz, apartments in the southerly neighbourhood of Abraão, just over the bridge on the mainland, are popular.

Hahn says that the current fashion is for landscaped apartment complexes, which include gardens and swimming pools. In the nearby central district of Florianopolis, local agent Daniel Ferreira is selling a four-bedroom penthouse with a sea view for R$2.15m. When it comes to holiday homes, much of the hottest property is in the beachside neighbourhood of Jurerê Internacional, roughly 20 minutes’ drive from the city on the north of the island. Here minted expats as well as the great and good from Brazil stretch out in top-end villas — often in gated communities — as well as apartments near the beach. Nightly Ibiza-style DJ bars blend the creature comforts of the champagne set with Brazil’s carnival tradition.

Imoveis de Luxo & Cia is selling a five-bedroom villa in Jurerê Internacional for R$9m. Brazil Beach House is selling a five-bedroom house with a pool in the same neighbourhood for R$7.8m.



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Well-heeled Europeans are not the only ones believing in a Brazilian housing market recovery. Casaran says that several US private equity funds have invested in commercial and residential property over the past year, betting that Brazil’s recovering economy and a favourable election outcome will see lower mortgage rates kick-start domestic demand.

Both groups of buyers are taking a punt that the new president can keep the faltering economic recovery on track. That is a big gamble. US interest rate rises and Donald Trump’s trade wars have caused chaos in emerging markets this year. In the four weeks to June 18, Brazil’s flagship Bovespa equity index lost nearly a fifth of its value (it has since recovered some of the losses).

Even with their favoured election result, investors could yet take flight, in which case the value of those smart villas in Jurerê Internacional could have much further to fall. Three-bedroom apartment in Jardins area of São Paulo, R$ 4.9m Buying guide The quickest flights connect New York with Hercilio Luz International Airport, 10km from downtown Florianopolis, via São Paulo, in roughly 13 hours

Adjusting for inflation, average Brazilian house prices dropped 4 per cent in the first half of 2018, according to Oxford Economics Sales taxes in Brazil are typically around 2 per cent What you can buy for . . . $500,000 A four-bedroom apartment with overlooking the ocean in Florianopolis $3m A five-bedroom villa on the Santa Catarina coast $8.5m A grand, five-bedroom penthouse in one of the most exclusive high-rises in São Paulo

Brazil Beach House Testimonial; Dave From Canada

Dave Parisi

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38yrs

Canadian

Lives in Alberta,Canada

Restaurant Owner

 

I sold my beachfront bar and restaurant in Genipabu, Natal last month with the help of Mike from Brazil Beach House.

I just want to say that he was brilliant from start to finish,from finding the Italian buyer,helping me with the documentation, organizing the overseas transfer to my account and signing off on the deed for me(all while I was enjoying the Canadian summer!)

He was always just one call,mail or message away when I needed him and took a lot of stress off my shoulders by representing me on the ground and making me feel comfortable with the whole process.

He was reliable,professional, attentive and above all a really nice guy to do business with.

If you are thinking of buying or selling a property in Brazil as a foreigner,Mike is the best guy in the field.

  Thanks for everything Mike!

Sasha & Danielly...lovely swedish,brazilian couple sold their apartment in Ponta Negra,Natal with Mike

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Hello Mike,
You made us happy owner of our first apartment in Natal 6 years ago and now you have again made us happy by helping us sell it. We can not thank you enough for all the time and energy you have put into this sale. Although our apartment was not in a million class, we got the same support and service as if it were one. I know how complicated a property deal may be in Brazil but was incredibly surprised and impressed with how smooth and fast the sale went.
Thanks again Mike for making property investment in Brazil so easy for us. Looking forward to many more investments together in the future. You are a 10 stars real estate broker!