You’ve decided on a Brazil property, got your finances in order and are getting the best legal advice available.
The next important requirement is to ensure you understand the implications of the currency and exchange rates.
The Reais is a complex currency to buy due to regulations set by the Central Bank of Brazil. Fluctuations can have a positive effect or a negative effect on your purchase. Most of the properties we offer are contractually priced in Brazilian Reais. This means your obligation as a buyer is to ensure you send the correct amount of Reais to the developer. You can do this via a currency exchange company or, under certain conditions the law firm will send the money on your behalf. Both ways have their advantages and disadvantages which we can discuss with you.
The best currency converter site we’ve found to give you an indication of how the Reais measures up against your selected currency is Oanda.