Brasilia
This is the capital city of Brazil. It has an estimated population of 2.6million people as per the census lastly done in 2010. This city is the fourth largest in the whole of Brazil. It has very good stable economy with most of the major Brazilian companies being based here. There are also 122 embassies for foreign countries located in Brasilia. Some of the main industries located at the city include construction, food processing, graphics, furniture makings, pharmaceuticals and recycling.
Economy reports term Brasilia as a governmental center as opposed being an industrial center. However, Brasilia is also notably an economic center.
According to financial statistics, this is the third richest city in the whole of Brazil. This means that it can provide very lucrative opportunities for people who would like in invest in real estate in the city.
Buying property in Brasilia
To be eligible to buy property here, you need to have a Brazilian national identity card known as a CPF. This means that if you are a foreigner, you need to find out how to acquire this card. To apply for this card is not a very easy process. You will need to have a lot of supporting documents. To have a CPF doesn’t make you a Brazilian citizen though.
You should also be ready to have an address in Brasilia.
You can find the real estate listings from websites that deal with Brasilia properties. However, you will need to get a broker to help you get the properties and conduct the searches. You will also need to acquire all the documentations to prove ownership of the property. Ensure that you contact a well reputable brokerage firm to avoid getting scammed.
You can pay for the properties sin installments facilitated by the financial institutions in the city. Your down payment can be as little as USD 4,000. However, you should be ready to pay high interest rates.
The difficulties faced when buying properties in Brasilia
One of the main difficulties that foreigners encounter when trying to buy property in Brasilia is the complex registration process. You need a national ID card for Brazil.
The second issue is that there is very limited number of properties for sale in this city due to the city plans. You are likely to find property in the satellite areas as opposed to the city center.
Due to the limit in properties for sale, the prices charged are extremely high.
Local News
Brazil Stocks Fall Amid Growing Concern About Spain, Greece - Wall Street Journal
Published 21:15, 17th May GMT
Brazil Navy investigates new oil spill off coast - Reuters
Published 16:01, 17th May GMT
Ship traffic for May 18 - San Francisco Chronicle
Published 00:11, 18th May GMT
Brasília cheers the real's decline - Financial Times
Published 13:29, 14th May GMT
Brazil payroll growth quickens, industry improves - Reuters
Published 18:51, 17th May GMT
Brazil probing dictatorship human rights abuses - Seattle Post Intelligencer
Published 15:55, 16th May GMT
UN, Brazil to host Internet debate on green planet - AFP
Published 23:20, 17th May GMT
Brazil adds 216974 payroll jobs in April-ministry - Reuters
Published 18:09, 17th May GMT
- retrieved via Google News