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New Build / Off Plan Apartment, Sao Paulo, Brazil

Apartment in Trianon-Masp, Sao Paulo (the city), Sao Paulo

£108,000 / $166,854 / €132,000 / R$297,000

2 Bedrooms
1 Bathroom

Ref: PBSP031



General Summary

  • New Build / Off-Plan Apartments in Sao Paulo
  • Completion 2011
  • 1 & 2 Bedroom
  • 1 bath
  • Kitchen

The Development / Communal Building Offers:

  • 24 hour security
  • Gym
  • Swimming pool
  • BBQ area
  • Playgroung


The Property Offers: 

  • 47m2
  • 1 & 2 bedrooms
  • 1 parking spot

 

Off-Plan Apartment in Sao Paulo Property / Investment Overview 

 

COMPLETION JULY 2011: Great OFF PLAN / NEW BUILD investment in the centre of Sao Paulo Trianon-Masp right next to Avenida Paulista.  The development is expected to be completed in July 2011. 


Property Location & Area within Sao Paulo

Trianon-Masp right next to Avenida Paulista


 

Build / Property Specification
 
Please ask any questions you may have and we will forward them to the owner / broker directly in Sao Paulo.  We are located on the ground in Sao Paulo, so can have a face to face meeting with relevant parties and owners if required.

 

 


Property Deposits & Payments Terms

A deposit would be required to secure the property, in Sao Paulo this is usually standard at between 10% to 20% of the Investment Property Price. We would advise that a lawyer is introduced to the transaction at an early stage.  They will complete initial due dilligence on the documents.  Once verified, a deposit can be paid.  We can recommend various neutral Brazilian Lawyers in Sao Paulo (and in UK or USA if required).

 

The final payment will be required within 30 days maximum of the deposit payment.  Should you wish to extend the payments slightly, then it may be possible to negotiate with the seller / owner a stage payment plan.




Associated Purchase Costs

In addition to the listed price for the investment, the following costs will apply to your purchase:

  • Property Transfer Tax (ITBI) of approx 2% (payable at the City Hall).
  • UK / Brazilian Lawyer (optional but recommended) - good lawyer around 1% of property price.
  • Admin / Processing (includes all processing costs) 150 (see below)
  • Deed and registering the deed costs is about R$ 2000
  • In some cases there are can be additional tax on purchases- we will advise in these cases. 

 

Sao Paulo Property Running Costs

Monthly Utility and other costs directly associated with this property in Sao Paulo can be obtained upon request.

 

Below is a list of the main utilities.

  • Council Tax / IPTU Tax (per year)
  • Water
  • Electric
  • Condo Fee (if in condo)


When buying a property in Sao Paulo, Brazil it is important that you pay the appropriate council rates (usually around 1% of the property value per year) and condominium charges (if applicable), your home / investment is at risk if you do not keep up these payments. 


Rental / Yield Potential in Sao Paulo

We can also help with estimates of rental projections and if need be introduce you to a reliable company in Sao Paulo to manage your property (if you so require).    Rental demand is currently very high in Sao Paulo, depending on the property, they can be let in a matter of hours or weeks.   If you already own apartments / properties in Sao Paulo, we have clients waiting to rent them - please contact us.

 

 

 

 

* All properties are sold in Brazilian Reais (symbols R$ or BRL). Currency rates will depend upon your banks conversion rate at the time of transferring the monies. The current conversion rates used on this site are 1 = R$2.25, 1 = R$2.75, $1 = R$1.78. To check the latest rate 'spot rate' with Bank of Brazil click here.

Consider using a Money Transfer Agent to Transfer Money To Brazil, offering better Exchange Rates than High Street Banks.

Prices displayed do not include other associated purchase costs such as Government Purchase Tax, Legal Costs, Admin and Furniture (unless stated).