Lagoa do Coelho For Sale in Brazil
| €75.200 (approx £52.222) | |||||||||||||
The DealLagoa do Coelho is an off plan development with completion scheduled for 2nd quarter of 2008. The payment schedule is as follows:Reservation Deposit 4.500€ Signing of Contract (Usually within 1 month of reservation) 25% of purchase price less the initial deposit of 4.500€ Increased deposit of 15% within 6 months of signing the initial contract. Remaining 60% upon completion. Rental ProgramLagoa do Coelho comes with a guaranteed rental return for the first 22 months and is paid monthly by bank transfer or cheque as follows: 1 Bedroom Villas will receive 350€ net 2 Bedroom Villas will receive 400€ net 3 Bedroom Villas will receive 450€ net Here are some other questions that you may have: 1- Where is Lagoa located? In the Northeast of Brazil, 35 minutes away from Natal, the capital of the State of Río Grande do Norte2- What is the concept of Lagoa resort? It is a residential resort in the highest luxury, offering the best leisure and services infrastructure for an exclusive group of people.3- What airlines are currently flying to Lagoa? There are direct flights operated by Varig Brazilian Airlines, from Madrid to Natal and from London4- What airports are there in the area? Access by air is gained through the Augusto Severo International Airport, 45 minutes away from the resort, where there are also direct flights to the most important cities in the country with Varig Brazilian Airlines. The new airport, São Gonzalo do Amarante, will be finished in the year 2009; with capacity to hold 5 million travellers and located only 15 minutes away from the resort. 5- What is the flight schedule from the main cities? Flights operate the following days: Madrid – Natal: Mondays, departure: 14:55h. (Spanish time)- arrival in Natal: 19:00h. (Brazilian time). Natal-Madrid: Sundays, departure: 23:59h. (Brazilian time)- arrival in Madrid: 12:05 on Monday (Spanish time). Thomson Britannia from October to April every Tuesday, Gatwick airport, departure 10:30am. and various regular flights from Gatwick and Heathrow airports. 6- What is the time difference in Brazil? The Eastern part of the country is four hours behind. 7- Do I need a visa to enter the country? Travellers with British nationality are only required to carry their passport, which shall be valid for a minimum of 6 months. 8- What services does the resort provide? The facilities have a very modern Medical Cosmetic and Dental Clinic, a Health Centre, a Spa where you can put your body and mind to rest, a water park, shopping and leisure centres, animal hotel, luxury hotel, bars, cafés, restaurants, banks and exchange offices, cinemas, sport centres, convention centre, auditorium, theatre, 9 hole golf course, parks and children’s playgrounds, nurseries, 2 seacoast areas, heliport, 4 km private beach by a natural lake... 9- When will construction works start? June 2006. 10- How long will construction works take? Two years. 11- When will the resort be open? June 2008 12- What is the weather like in Lagoa? It is a privileged region where you can enjoy the sun all year long with an average temperature of 28ºC. The mild breeze from the Atlantic softens the maximum temperatures of 31ºC reached from November to March (Summer), whereas minimum temperatures fall to 21ºC from June to October (Winter). 13- What is the currency used in Lagoa? The currency commonly used is the Brazilian Real, which has an approximate exchange rate of 2,70 Reals to the Euro. Money can be exchanged in banks and exchange offices, as well as in hotels. Main credit cards are accepted without any problem in restaurants and shopping centres. 14- What is the cost of living in Lagoa? Compared to other tourist areas in the country, prices are surprisingly cheap in restaurants, bars, shops; so we advise you make the most of it! 15- What is the official language of the country? Portuguese; but Spanish speakers have no problem since they usually understand Spanish due to the fact that they are so geographically close to Spanish-speaking countries. 16- Is it easy and safe to travel in the area? Investments undertaken thanks to the growth of tourism have contributed to a planned and organised urban infrastructure. There are two main means of transport to reach the area: by plane or coach. In Natal there is a port, but only for cargo ships. There is a small urban train network, but the long distance lines are not working. By coach you can reach the “Cidade do sol” Station where you can take a coach to the most important cities in Brazil. There is also a bus and minibus service that works generally well. Due to the continuous tourist development of the area, a bridge of large dimensions is being built, which will reduce the distance between Natal and Lagoa do Coelho from 60 to 30 minutes. If you want to rent a car in Natal, you can either do so from the agencies located in the airport or you can make your reservation in advance. 17- What is Brazil’s Government system? Brazil is a Federative Republic. Natal is the capital of the State of Río Grande do Norte, whose Governor is Mrs Wilma María de Faria, member of the PSB: Brazilian Socialist Party. The mayor of Natal is Mr Carlos Eduardo Alves (PSB). 18- Is there political and/or social instability in Lagoa? Even though there are still differences among the neighbourhoods, they are not as noticeable as in other areas of the country. The aim of the new Government is to communicate with al sectors of civil society and with the States and Municipalities, highlighting their effort to promote the democracy of the Federal Public Administration and to open new ways of social participation that will encourage a relationship of responsibility between State and society. 19- Are there any problems regarding drugs or organised crime in Lagoa? The surroundings of Lagoa and the nearest important city, Natal, are much safer than the majority of cities in the rest of the country. The security forces are always present and the Government, as part of its commitment to develop tourism, gives instructions as to how to act in order to efficiently overcome any conflict. 20- What are Lagoa’s national festivities? 7th of September- Independence Day 5th of October – Constitution Day. Natal is famous for NOT celebrating the Carnival in February. Their characteristic festivity is the “Carnatal” which is celebrated each year in November or December. It is a carnival-like event, where people dance and sing, with different musical styles and costumes. 21- What kind of medical assistance is there in Lagoa? In the Lagoa do Coelho residential resort there will be a Medical Centre where immediate assistance will be provided. The Centre will be in charge of transferring patients to the closest hospital, if necessary. These are some of the nearest hospitals with an emergency service, in Natal: -“Hospital Monseñor Walfredo Gurgel”: the biggest public hospital in Natal. -“ Natal Hospital Centre” and “ PAPI”, two private hospitals dealing with almost all medical specialities. - “Instituto do Coração de Natal”, another private hospital with assistance 24 hours a day. 22- Being a non-resident, are there any restrictions to own a property in Lagoa? The following, among others, are considered as non-residents in Brazil: - those not residing in Brazil permanently - those who entered Brazil with a temporary visa and remained in the country up to 183 days, whether consecutive or not, throughout a period of twelve months. Any natural or legal person who owns goods or rights in Brazil subject to registration at public bodies, such as immovable property, current accounts, shareholding stakes or investments in financial and capital markets, is forced to register at the Land Register for either Natural or Legal Persons (CPF or CNPJ), accordingly. Registration can be carried out by anyone who fills in a specific form and submits it at any Brazilian diplomatic representative office. 23- What procedure is there to follow in order to receive the foreigners’ Title Deed and how much does it cost? The purchasing of property takes place when two persons (natural or legal) execute a transaction where one of them transfers to the other a specific immovable asset, whether it is by purchase or sale, donation, exchange or any other transaction foreseen under Brazilian law. In order for an immovable asset to be purchased, it is necessary that the transfer certificate (purchase and sale, exchange, donation...) be registered at the relevant Immovable Property Register. Urban immovable assets are annually subject to the Land Property Urban Territory (IPTU), local tax on the value of the immovable asset, according to tax rates that vary significantly from one municipality to another. In the case of Natal, the applicable rate is 0.6% for urban immovable assets under 1,000m2. 24- In the case of shared properties, who is awarded the Title Deed? In the case that the property is purchased by two or more persons, both will have to meet the conditions established when the purchaser is only one person, since the property will be registered in the name of each of the parts executing the purchase. 25- Do I need to write my will in Lagoa? You only need to present a Dead Certificate. 26- Can I buy more than one property? Yes. 27- What construction style will be used? To create the infrastructure, we will invest in the highest technology and in top quality materials. The first architectural feature is the harmonic integration of buildings within the landscape, respecting the environment and adapting the structures to the land’s topography. 28- What are the general features of the buildings? The buildings will have 4, 6 and 8 levels, this way you will be able to enjoy a panoramic view from all the apartments. The dwellings are inspired by the area’s native style and they fully respect the natural environment. Horizontal and simple shapes made of rustic materials prevail. The paving material will be easily maintained and its texture and colour will be adapted to the activity carried out in the area. There will be underground public lighting, so that the environment in each area can be appreciated. 29- Will it be possible to make any construction changes? No. 30- Will the apartments be equipped? The kitchen will be fully equipped, including the appliances. The rest of the furniture will have to be fitted out by the owner of the house. 31- Will there be TV, satellite channels and internet connection? Yes. 32- What security systems will be implemented? In the resort, 2.8m tall fences will be constructed and carefully integrated as part of the landscape, and the presence of local authorities will guarantee the residents’ security and calmness. In order to reinforce their security there will also be: - access control of pedestrians and cars - digital cameras located in strategic places - reception with security professionals - cars and motorbikes on patrol - surveillance service 24 hours a day. 33- Will there be a car park? Yes. 34- Are properties owned for life? Yes. 35- Will there be rental opportunities? Grupo Nicolás Mateos, through its Reservation Centre and once the keys have been handed over, guarantees the rental of the apartment for two years. For apartments to be rented by Grupo Nicolás Mateos Central de Reservas, S.L, it is an essential requirement that they are completely furnished. 36- For how long will I be able to rent my property? The Reservation Centre at Grupo Nicolás Mateos offers a rental service of your property for as long as you wish. 37- Are there any convenient financing terms for the purchase of a property? Grupo Nicolás Mateos will offer a loan in Euros, with the interest rate applied in the Euro Zone, and buyers will be able to obtain a loan subrogation if they wish. A way to finance the purchase of an immovable asset in Brazil is by contracting a loan with a commercial bank. A loan contract for the purchase of an immovable asset is generally associated to the award of a mortgage on the property in favour of the bank. Attention should be drawn to the fact that the interest rate can be very high due to the fact that it is a long-term loan. 38- Are there any taxes included in the purchasing price? No. 39- What taxes do we have to pay and how much are they? Brazilian taxes relating to immovable property are divided into four categories: -Income Tax: when the owner obtains a surplus value derived from the property. The Brazilian Central Bank does not allow funds to be transferred abroad unless the payer proves that all accrued taxes have been paid. In particular in property related transactions, the Income Tax shall be paid to enable the transfer of income abroad. The Income Tax is only charged in two situations: in the cases when, for income obtained as a result of the rental of the property or, for the surplus value obtained from the sale of the property, the rate of tax is 15%, regardless of whether the transferor is a natural or legal person who is non-resident in Brazil, as far as taxation is concerned. Furthermore, there are certain tax incentives in the event that the sum obtained form the property sale is used to purchase another property. Nevertheless, only natural persons who are residents in Brazil can enjoy such tax benefits. It should be highlighted that, in conformance with the 10.833/03 Act currently in force, the Income Tax would be also applied with regard to surplus value derived from purchase and sale transactions between two persons who are non-resident in Brazil, as far as taxation is concerned. In brief, the location of the immovable property in a certain place is what determines the taxation on the income obtained by the transferor. Attention should also be drawn to the fact that if the transferor resides in a tax haven, the rate of tax will be 25% and not 15%. Lastly, the person responsible for paying this Tax shall be the same proxy designated in Brazil for the signature of the Public Deed and for its submission at the Property Register for registration. -Property transfer tax: there are three ways of transferring an immovable asset: - inheritance (mortis causa) - donation - business transaction The tax on the transfer of goods and rights by inheritance mortis causa or by donation (ITCMD) is 4% in Natal. The inter vivos transfer tax is 3%. These taxes are calculated according to the value of the property. An aspect to be taken into account regarding these Taxes is that the Property Register will not accept any document for registration unless these taxes have been previously paid; it is worth reminding that the Title Deed of an immovable asset in Brazil is only valid once it has been registered at the Property Register. - Property Tax: to be paid by owners. It is paid every year; the rate of tax varies according to the location and use of the property. - Taxes on exchange contracts: IOF is a federal tax charged on credit transactions, insurance, foreign exchange and stock market operations. Thus, it is charged on all exchange contracts for the transfer of funds abroad. In some cases there are IOF exemptions, for instance in the case of the transfer of rental income and in that of the price paid in a property sale. Nevertheless, this tax can be subject to amendments any time by means of a new unexpected decree. CPMF is a federal contribution due when funds are withdrawn from a bank account, when funds are transferred from a savings account into a bank account, or when funds are withdrawn from bank accounts to be invested in financial funds. The Brazilian Taxation Administration uses this tax to inspect the financial transactions of taxpayers, therefore it is a powerful tool for the Taxation Administration to check on any attempt of having non-declared incomes. A good tax planning will avoid unnecessary financial transactions to prevent from paying this tax. 40- In what language will the documentation be submitted? In Spanish. | |||||||||||||
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