The first thing you need to know about Buzios real estate is that the market is necessarily inflated. The same size house in a city 20 miles away can cost as little as a third of the price. However, there is only one problem with this kind of property: it's not in Buzios! Brazil property has long been a viable investment for foreign real estate investors because as more and more cities open up to tourism property prices see massive appreciation.
Carlos, a local architect in Buzios, explains why it is expensive to buy property in Buzios. He says that a $150,000 Buzios brazil property can be found for $30,000 in Teresopolis, but the Teresopolis property will be worth $50,000 in five years, whereas the Buzios property will be worth $500,000. Massive capital appreciation is the main reason most foreigners invest in Buzios Brazil.
The other reason people might buy a Buzios Brazil luxury villa, or even a beach condo, is that the Brazilian government makes it easy for foreigners to buy property in Buzios. Brazil requires that you obtain a Brazilian ID and a Portuguese translation of your birth certificate, as well as have a Brazilian address that forms can be mailed to. This can be a real estate broker. You also need to be either married to a Brazilian, have children in Brazil, invest at least $250,000 or be over 50 years of age with a pension of at least $2,000 per month (only one of these need to be met). Finance is available, but often at interest rates of up to 35%, so it is well worth it to buy Buzios real estate in cash.
Buzios real estate is not limited to condominiums and villas. Buzios executive office space and commercial real estate is also a highly lucrative business, provided that your space has some retail exposure. Since Buzios is primarily a tourist town retail businesses do well, but the city has a growing need for legal and financial services as business the peninsula's economy strengthens.
If you are looking at Buzios real estate as a retirement option, you are more than welcome by the Brazilian government. When the party season finishes Buzios becomes a quiet seaside town that is perfect for relaxation and retirement. During the off-season Buzios has only 25,000 residents, although this swells to 100,000 during peak times. With this in mind, buying Buzios real estate as a holiday rental property is always a sound investment.