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Invest in Recife Brazil Real Estate Purchases
Because of how easy it is to make a real estate purchase in Recife, the steady economic growth, all year round sunny weather and its intriguing mix of the historical past and the dynamism of the future, there are a lot of reasons why thousands of people flock to Recife and make it their new home. From the ordinary Brazilian who is on the look for new employments or for retired expats from overseas who long to live a worry-free and low cost life, getting a home amidst the growing development of the capital city of Pernambuco is really a very sound real estate investment.
From natural tourist attractions like its beautiful beaches lining the Atlantic Ocean to the bridges and waterways that crisscross the city to cultural and historical sites that made a mark in Brazilian history such as churches, museums and centers of art as well as its growing economic centers such as its new deepwater harbor and computer industry centers, there are a lot of reasons that Recife has to offer to its prospective residents. But these same reasons make a Recife Brazil real estate purchase quite a fortune, but with the help of a licensed professional real estate broker or experience brokerage firm, getting a good real estate buy may not be a problem after all.
Being one of the largest cities in Brazil, Recife has also one of the largest populations making the Recife real estate purchase market a thriving and booming industry. Many newly established real property companies have invested in apartment buildings and condominium units that would be placed on sale to prospective buyers. Luxury villas that serve as summer homes located along the beach of Recife are also on sale. But it is not just about the residential properties that have caught the eye of real estate buyers. With the growing relocation of many multinationals to Recife, many commercial properties and executive office spaces are now also available in the city.
Nevertheless for most part, prices of Recife Brazil real estate purchase properties remain reasonable. For example, a nice modern two bedroom 600 sq2 apartment near a beautiful beach could normally sell for around US $17,000 while a three bedroom 1100 sq2 apartment could cost around US$ 44,000 while a luxury villa complete with a nice beachfront and pool could be worth US $ 150,000. However, the price of buying a property in Recife would be a mere fraction that you would spend if you were in the US or in Europe. Property taxes are also cheaper in Recife with an average of US$ 150 to $350 per annum, depending on the value of the real estate property. Add that to cheap residential insurance that runs from $50 to $100 annually and the cheap utilities monthly expense of $45 to $80 that already includes electricity, water, gas and telephone bills.
Expatriates and foreigners are legally allowed to own property in Brazil provided one has a CPF or tax registration number. Many Recife Brazil real estate purchase brokerage firms can readily assist you in procuring one. With the widening business possibilities and the Old World charm of this South American City, making a real estate investment in Recife has never been better.
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