Property in Rio for sale - view of Christ Redemptor
£110,909 / $171,348 / €135,556 / R$305,000
Ref: RIO-RA2009
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General
Summary
- 45 Mins Drive to Rio de Janeiro International Airport
- 1 to 50 Mins Drive from Rio Olympics site
- Nearest Town Centre approx 10 Mins drive
The Development / Communal Building Offers:
- Communal Party Room
- 1 Parking
- Communal Area maintained for you
- Property Size 48sqm
- 1 Bedroom
- 1 Living Room
- 1 Kitchen
Property / Investment in Rio Overview - Property in Rio for sale - view of Christ Redemptor (Ref: RIO-RA2009)
Great apartment with view to Christ Redemptor.
Charming one bedroom apartment with approximately 48 square meters, kitchen, living room, bathroom. The building has a playground, 1 parking space in the garage, and a 24h doorman. Great Opportunity!
IPTU (tax): R$153,00 / Condo fee: R$228,00
Property Location & Area within Rio De Janeiro
Next to good restaurants and shopping in Copacabana.
Build /
Property Specification
Please ask any questions you
may have and we will forward them to the owner / broker directly in Rio. We
are located on the ground in Rio de Janeiro, so can have a face to face meeting
with relevant parties and owners if required.
Property Deposits & Payments Terms
A
deposit would be required to secure the property, this is usually a standard
from 10% to 20% in Rio de Janeiro of the property price. We would advise
that a lawyer is introduced to the transaction at an early stage as its
important to know the documents are all in order before paying the
deposit. We can recommend various neutral Brazilian Lawyers in Rio (and in
UK or USA if required).
The final payment will be required within 30 days maximum of the deposit payment. Should you wish to extend the payments slightly, then it may be possible to negotiate with the seller / owner a stage payment plan.
In addition to the listed price for the investment, the following costs will apply to your purchase:
- Property Transfer Tax (ITBI) of approx 2% (payable at the City Hall).
- UK / Brazilian Lawyer (optional but recommended) - good lawyer around 1% of property price.
- Admin / Processing (includes all processing costs) £400 (see below)
- Deed and registering the deed costs is about R$ 2000
- In some cases there are can be additional tax on purchases, this will be advised by our local Broker.
Admin / Processing: We charge a fee when you decide to proceed with a property. Before you progress with the purchase or pay a deposit, it is important to see the contract and have it translated in English. The 'Admin / Processing' fee is to pay for translation services, contract raising and other legal document collecting which may be required. A lawyer can then be introduced and the 10 or 20% deposit paid accordingly. If you would rather just pay the deposit and await for the lawyers to check the title, then this fee can be waived / not charged.
Rio Property
Running Costs
Below is a list of utility costs.
-
Council Tax / IPTU Tax (per year): R$153,00 per month
-
Water
-
Electric
-
Monthly Condo fee: R$228,00
Above stated in Brazilian Local Currency
Rental / Yield Potential in Rio de Janeiro
We can introduce you to a reliable company in Rio de Janeiro to manage your property (if you so require). We can also help with estimates of rental projections. The 2016 Olympics in Rio, increasing tourism and Oil discoveries will ensure the economy in Rio for renting / letting remains strong.
* All properties are sold in Brazilian Reais (symbols R$ 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' click here. Prices do not include the usual purchase costs associated with a property purchase ie. Government purchase tax, legal, admin and furniture.