
Perfect Year to buy Property The Brazilian currency has never Read more →
Investing in Brazilian real estate may mean investing in vacant land. Especially in the northeast of Brazil, buildings are scarce, but the area is perfect for developing projects. Brazil has experienced accelerated economic growth over the past decade or so, and cities are expanding to keep up with the development of the economy. While certain regions used to be uncharted and dangerous in some cases, they are slowly becoming great locations for locals looking to get away from the hustle and bustle of the city. Investing in this vacant land is a good idea for foreigners interested in real estate, but it also means building the structures by themselves. Before investing in vacant land in Brazil, you should first understand the different licenses you’ll need for development.
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The Brazilian Institute of Environment and Renewable Natural Resources (IBAMA) regulates property development on Brazilian soil. This agency is meant to protect Brazil’s natural environment. To begin development, you’ll need four separate licenses, which can be obtained by following these steps:
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While purchasing real estate for investment is easier in Brazil than in many other countries, purchasing vacant land and developing afterwards is more complex than purchasing an existing building. Brazil is rich in natural resources, so the government is careful to protect the environment. As long as you can build a facility while causing minimal harm to the nature surrounding it, vacant land can be a profitable investment in Brazil. Once your development has been constructed, Brazilians looking for a home that doubles as a tropical getaway will be interested and willing to pay top dollar for the property. The economy is stable in Brazil right now, so luxury properties that take advantage of the natural surroundings are desirable. Before purchasing vacant land in Brazil, you should consider speaking with a professional so that you understand the commitment and licensing needed.
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To learn all about purchasing real estate in Brazil, check our How to Buy Properties in Brazil guide.
Learn about the advantages of buying real estate in Brazil in our Why Buying Real Estate in Brazil guide. Find opportunities and decide where to buy using our Know Where to Buy Real Estate in Brazil guide.
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info@oliveiralawyers.com
+55-11-4349-1915
Brazil +1-212-300-7174 USA
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