Property costs in Brazil

When buying property abroad there are additional costs to consider and these vary from place to place.  The following typical property purchase and running costs for Brazil should give you a reasonable guide as to what to expect.

Property tax varies between 2% and 3% depending on the location, this tax being levied on the declared purchase price.

Lawyers and Notary fees are charged for checking certificates and registers, that there are no debts owed on the property, for proofing contracts, advising on obligations and registration of the property in the new owner’s name. This cost varies between 0.2% and 2% of the property value, depending on the type of property. Quotes can be requested on your behalf.

Yearly Running Costs

ITPU local municipal tax.

General, telephone, electricity, gas, water rates, etc.are about 20% of what they are in Europe .

Condominium charges are between 100 and 400 reals per month, for upkeep, maintenance and security of houses in closed condominiums.

Caretaker for maintenance of garden and pool, between  100 and 400 reals a month.

Housekeeper, for cleaning and cooking, between 350 to 500 reals a month.

The above  costs are guidelines to help you plan your budget. When purchasing a property, costs can vary to those stated above depending on property type, size and investment .