Investing in real estate in Brazil is a wise choice, especially in the major cities such as Rio de Janeiro and São Paulo. The real estate market in Brazil is expected to grow by over 6% between 2022-2027, and there has already been a 10% increase in sales and launches of luxury properties in 2021 in Rio de Janeiro and São Paulo. The growth of the real estate market in Brazil can be attributed to the significant housing shortage in the country, with the IBGE (Brazilian Institute of Geography and Statistics) estimating a shortfall of 5.6 million homes in 2010. This housing shortage will drive demand in the real estate sector, leading to a continuous trend of rising property prices.
Proof of property ownership or a contract of promise to buy and sell the property, along with a building permit and “memorial de incorporação imobiliária” (a legal procedure that provides buyers with greater security and protection against fraud)