Sao Paulo is one of the largest cities in South America and without a doubt, the industrial and economic powerhouse of Brazil. It tends to set the pace when it comes to culture, sports, arts and most importantly, finance – for the whole country. However, property prices in Sao Paulo are not as expensive as they are in other areas such as Rio De Janeiro. Furthermore, the increasing supply of properties in this city means that prices throughout the year remain relatively reasonable.
Renting Serviced Sao Paulo Apartments
Whether it’s January or December, June or October, Sao Paulo is a lively center of commerce and business throughout the year. In fact, some of the hotels in the city have converted some of their floors into fully serviced apartments, to accommodate the increasing demand, driven by foreign and local visitors. Serviced Sao Paulo apartments offer great value for your money since they offer all home comforts, including maid service. But as you may expect, serviced apartments in the central business district are slightly more expensive than similar apartments in the outskirts.
Buying Sao Paulo Villa and Apartments
If you are looking to purchase villas, apartments or other types of property in Brazil, then Sao Paulo offers a wide range of great opportunities. And the good news is, there are no restrictions to purchase property in Brazil for foreigners. As long as you have obtained the CPF, then you can start the process of buying or investing in real estate right away. Professionals are highly advised to buy apartments in the central business district. On the other hand, if you are an expat looking for an affordable home, then it’s highly advisable to buying a property in the city suburbs such as Madalena.
Best Places to Live in Sao Paulo
If you are planning to buy property in Sao Paulo, either for your residence or for renting purposes, you have numerous options to choose from. Some of the best neighborhoods to consider in Sao Paulo include Vila Nova Conceição, Jardim Europa, Jardim Paulistano, Itaim, Ibirapuera, Jardins, Vila Olimpia, Vila Madalena, and Brooklin, to name just a few. Whichever neighborhood that you choose, you are assured of great accessibility to the city center, plenty of eateries, supermarkets, financial institutions and other key amenities.
Buying or Renting Property
Buying or renting a property in Sao Paulo can sometimes prove to be a challenging process, especially if you are a foreigner. Therefore, it’s highly advisable to use real estate agents. Most realtors in this city are multi-lingual, meaning that the language barrier will not be an issue. On average, you should expect to spend $200 per square foot for a home in Sao Paulo.