Canadian Buyers Look to Brazil To Buy A Second Home in 2023
For the same reasons Canadians look to Mexico and Portugal—good weather and a lower cost of living—they’ve also had their eyes on Brazil.
CANADIAN Buyers seeking a country where they’ll have more purchasing power look to Brazil to buy a second home
For the same reasons Canadians look to Mexico and Portugal—good weather and a lower cost of living—they’ve also had their eyes on Brazil.
“The culture is very vibrant,” said Mike Smith, owner of property consultancy Brazil Beach House. “It’s 100% authentic Brazilian—you couldn’t be mistaken for being in Canada or America.”
In 2020, one Canadian dollar grew from 3.12 Brazilian real to 4 real. While the rate has since stabilized to around 3.8 Brazilian real, it’s still a good moment to invest in Brazilian real estate.
The country offers several options for residency, Mr. Smith said. One of them is via property investment: Those making a real estate purchase of 1 million real or more can apply for residency. Alternatively, Brazil offers a retirement visa, which offers residency to those with a monthly income of $2,000 or more.
Mr. Smith said most of the Canadians he works with opt for Brazil over Mexico or the U.S. because they have some sort of connection to the country.
“Often, it’s not a random choice to come down to Brazil,” Mr. Smith said. The country—with its less-developed infrastructure, and stark inequality—tends to attract the more intrepid traveler, attracted to the country’s uniqueness and natural landscapes. Most second-home buyers in Brazil tend to come from Portugal and the U.K., according to a study by Knight Frank.
“There are epic natural attractions in terms of mountains, waterfalls and tropical beaches,” Mr. Smith said. “It is the whole package—but it’s not for the faint-hearted.”
For those who do make the move, there are plenty of deals to be found.
The northeastern state of Bahia offers miles of tropical coastline and is a focal point for luxury residential real estate development. Buyers there can find remote, sprawling villas surrounded by greenery or even properties on some of the private islands off the coast.
Prices in resorts along the northeast coast of Brazil are around C$452,000, or C$1,919 per square meter for villas and C$2,568 per square meter for apartments, according to a study by Knight Frank. Within the few ultra-luxury resorts, average values currently range between C$4,000-C$4,700 per square meter.
For a more laid-back surfer vibe, Mr. Smith suggests Pipa, popular with international visitors and surfers. Homes there go for between C$200,000 to C$1.5 million, and tend to fetch good rental returns.
“In terms of property prices, you can get fantastic luxury homes at very affordable prices compared to North America and Europe,” he said.
For the Full article go to; https://www.mansionglobal.com/articles/its-time-for-canadians-to-explore-alternative-second-home-destinations-to-the-u-s-01670586654
Buying a Property in Brazil From Dubai in 2018..How was it for Riccardo ?
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.
Brazil Beach House Director, Mike Smith @ Hotel For Sale in North-East Brazil.
Director of Brazil Beach House, Mike Smith, takes a profile shot at a beautiful beachfront hotel resort for sale in Rio Do Fogo, RN in North-East Brazil. Mike loves visiting exotic locations and viewing beautiful beach properties in Brazil. Here is this hotel listing;
https://www.brazilbeachhouse.com/hotels-1/beachfront-resort-hotel-with-60000m2-in-rn-major-potential-for-expansion