Real Estate Taxation in Brazil

For investors seeking to invest in real estate the main taxes involved are: IPTU & ITBI

The IPTU is the real estate property tax. IPTU is a municipal tax levied on the value of the property. The rate varies according to the city where the real estate is located. Owners of property in Brazil (Residents and non-residents) are subjected to this tax.  It’s established locally in every city, but the amounts normally go from 0, 5% to 1, 5%, of the evaluation of asset, depending on the use of the property and its location.

As to the ITBI, it stands for real estate transfer tax, based on the value of the asset or the evaluation of it.
The amount is normally 2% of the base above mentioned, having to be paid in order to officially register the change of property before a Notary Public.

To the official transfer the asset there are some other costs involved, such as the signature of a public contract and the register of the contract at a Notary Public – Cartório de Registro de Imóveis (cost depends on the value of the asset as well as to the table of price of the cartório).

Fortaleza Real Estate

Fortaleza a growing real estate market

In the first quarter of the year, the industry handled $ 426.4 million with 1,967 buildings sold

Sales and property launches in the Metropolitan Region of Fortaleza (RMF) remain heated. From January to April this year, the industry handled $ 426.4 million, growth of 31.97% against the same period last year, when they were negotiated $ 323.1 million, according to the Association of Housing and Association of Administradoras of Buildings of Ceará (Secovi / AADIC). The rate of speed of sales in the first quarter of this year was 9.18%, an increase of 12.98% to 8.13% front reached the same period of 2007.

In comparing sales of units, there was a growth of 48.68% in the first quarter of this year, which represents 1,967 real estate market. In the same period of last year were 1,323. According to the chairman of Secovi, Sergio Porto, which has contributed to this performance was the lengthening of funding for property, the reduction of interest rates of inflation and stability in the country ‘In this scenario the market has surpassed every month’, examines the leader.

He points out that a milestone for the industry was the target of U.S. $ 1 billion in business over last year, which corresponded to venda of 3,918 units. ‘With the current pace of sales this year, the industry should double the turnover this year’, designs Oporto. He points out however that the ascent of the Selic rate to control inflation may affect the market.

Released

As the releases were 17 new ventures, which generated a total of 2,549 units on the market. In 2007, were 9 releases (816 buildings), in the similar period – high of 212.38%. In the euphoria of the moment, highlights the delivery of the Port Master Award Property, the next day 18 to 20 hours, at La Maison Dunes.

BUILDINGS BY REGION
Porto das Dunas leading marketing

The neighborhood of Coconut lost the lead among appearing with greater numbers of sales. In the first quarter of last year, the site had 208 units sold. This year, first appears the Porto das Dunas with 561 units sold in same period. ‘This change is due to the supply of condominiums in this beach’, explains the chairman of Secovi, Sergio Porto. Two other highlights this year are Cambeba on 3 rd and Monte Castelo (2) among the five districts with higher sales, with 228 and 303 units respectively.

Fortaleza Real Estate

Real Estate in Fortaleza Brazil

We are committed to our clients and when we offer a house, apartment or land.

When listing properties on our web page https://www.fortalezarealestate.com.br  we have direct contact with the owners or developers of new projects. This is very valuable to you as a buyer as many are trying to seek their luck in the real estate business featuring homepages selling properties in countries where they have poor knowledge or none at all. Make sure that you get all the right information from the beginning. We live and act in Fortaleza and can offer you valuable local information – please do not hesitate to contact us

We offer legal assistance through lawyers that speak English and will assist you in getting the proper documents needed to buy property in Brazil. We Fortaleza Real Estate are certified by the Brazilian – Conselho Regional de Corretores de Imoveis CRECI all real estate agencies or brokers have a CRECI number. Our CRECI number is 5653. We live in Fortaleza and know the state and have good contacts with lawyers, construction companies, architects and governmental organs.

Fortaleza Real Estate
CRECI 5653