FACT or FICTION? “Buying in Brazil Will Always be a Nightmare Due to the Bureaucracy of the Banks”
FACT or FICTION? “Buying in Brazil Will Always be a Nightmare Due to the Bureaucracy of the Banks.”
An article compiled and written by Richard Way of ‘A Place in the Sun Magazine’ and Ruban Selvanayagam from the ‘Brazil Real Estate & Land Investment Guide’ focusing on:
- Brazil’s banking system and how it has become to be in its current form;
- the limitations of the highly regulated and currently ‘foreigner-unfriendly’ banking system that exists in the country;
- domestic mortgage lending in Brazil and its future growth prospects;
- foreign investors current inability to benefit from gearing Brazilian investment property and potential solutions;
- undertaking investment business in Brazil – opening a bank account / obtaining an investment visa.
