½ûÂþÌìÌÃ

people.partysa wrote:

hi, I understand many things about brazil, tell me about buying a cheap house or cheap land which can be around 10 000 to 20 000 Brazilian money, can you get such houses or land to build, if not how much a cheap house can it cost?

If you add another zero on the end of those numbers that would be what you'd be looking at paying for a really super cheap house in a small city in the interior, well removed from a state capital.

R$10 - 20,000 might buy you a wooden shack in one of São Paulo's favelas (slums).

Cheers,
James    Expat-blog Experts Team

Where I live in the state of Rio, County of Sao Fransico de Itabapoana, and city of Santa Clara you can buy lots for $14000 R.  A small beach house could be about $20,000 R.  The house would be built with your help.

Where I live in the state of Rio Da Janiero, County of Sao Fransico de Itabapoana, and city of Santa Clara you can buy lots for $14000 R.  A small beach house could be about $20,000 R.  The house would be built with your help.

These values must have changed in the present day.

@Obinnau The biggest challenge is that many have heard of or seen on tv etc. or even been to the "Star" cities of Brazil --- Rio, Sao Paulo etc. Jame's answer still stands the test of time.

I live in a very, very small village of 2,500 in Northeast Brazil. We have an incredible amount of land and decades from now, there still would not be enough construction to put a dent in availability, however everyone wants to live in or near the Star Cities and you will have to pay for it. James was right.  I built my house - Air Bnb 1 floor style - for about $20k. We have 3 houses in my wife's compound with room for more.  We are there because my wife's family is all from there. It may be hard to find a small place unless someone you know is familiar with it.

Roddie in Retirement🕵

31m2 studio apartments are being advertised for sale in Ilhéus for R$250.000. They're only a two hour flight from Sao Paulo.

Great topic.  Could someone weigh in on the probable causes of real estate either being the same or going up?

A common cause tend to be the "gringo" effect (with exchange rates)...

What else should one consider as "macro-economic" considerations that can be googled online before deciding to purchase in a particular location?

@roddiesho - that's yet another great topic for a youtube video....

I'm one of a few gringoes in Ilhéus, so there probably is no "gringo effect" on housing prices here. There are thousands of housing units under construction in Ilhéus. I call them "beachburbs". Maybe the Paulistas could affect housing prices here?

@roddiesho

I entirely agree with you. Living detached from the huge city centers definitely takes away the gringo glamour. In your case you already had a community that you could plug right into. Just that some other people are also still chasing the paper dinheiros 😀.

Anyways, I may well come visit you in that region one day.

Dominic

31m2 studio apartments are being advertised for sale in Ilhéus for R$250.000. They're only a two hour flight from Sao Paulo. - @alan279

Do you think that they will be open for financing? is it even possible for someone on permanent residence to finance an apartment?

Dominic

@Obinnau

Dominic,

I think there may be financing available.

Alan

@Obinnau Just a little bit of life from the other side. Several years ago in the USA, when my daughter and I were really racking up the totaled cars, my wife moved us in the direction of paying cash for everything and not financing.

Today, we own a very, very large compound in Brazil with three houses and a recent. Chevrolet Sedan model. Everything is paid for, and we do not finance or owe anybody for anything.

Roddie in Retirement🕵

There are places out in the interior of São Paulo where you can buy decent two bedroom apartments for 110-135 K reais. Sure there's a condo fee each month, but the security and gas and water and rules for residents definitely make that a solid 200 reais per month, shall we say subscription.

@StarkHorizon

I would be glad with links. Thank you