Parati is a small town in the province of Rio de Janeiro that has gained recent popularity with tourists and foreign investors. Both the prices for real estate in Parati and the cost of living attract investors from all over the world.
Parati (also sometimes spelled Paraty) is a small town along the province of Rio de Janeiro's green coast. The town is home to about 36,000 people, and has gained popularity with tourists in recent years. The town's beautiful historic district, coastline and tropical forests give visitors plenty of activities to enjoy. Brazil's weather is beautiful all year round, and their cost of living is significantly lower than in the US.
Real estate in Parati, Brazil is quite a bit less expensive than in some of Brazil's larger towns and is a very good value for the European or American investor. Beachfront properties in Brazil sell for a fraction of what you would pay, for example, for a beachfront property in Florida. The cost of living in Brazil is quite low compared to Europe and the US as well, making it the perfect place to retire or own a second home.
Buying real estate in Parati, or any other part of Brazil, is open to foreigners, but can take some time. Foreigners will need to apply for a CPF card before you can buy property, and you will need a Brazilian address where the government can send your CPF card. It usually takes about two months to receive your CPF card, so it's best not to get your heart set on a particular piece of property before this step is complete. While you're waiting, rent an apartment or cottage and get to know the town before you buy.
You will want to pay cash for your real estate in Parati, Brazil at the closing table. If you need a mortgage, you'd be wise to obtain it in your home country, since Brazilian banks charge much higher interest rates. Your realtor can help you navigate the buying process, from applying for your CPF card to locating the right property and closing on the deal.
Many foreign investors are choosing to put their money in real estate in Brazil because of the high value they can get for their money and because of the low cost of living here. But, as more foreign investors flock to Brazil, the prices are certain to continue rising. The very low prices are not likely to last for too many more years. Buying real estate in Parati, Brazil right now, while prices are low helps ensure that your investment will be one that will make money for you over time.
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