Now that David Beckham bought a house in Brazil, there are probably many foreigners wondering if they could also buy a house in Brazil. The famous soccer(football) player has just purchased a house at the increasingly gentrified Favela do Vidigal, a famous slum by the ocean at the South Zone of Rio.
Foreigners have an advantage buying property in Brazil because of their currency that is usually higher than Brazilian Real (R$). That does not mean that properties are cheap. Properties seemed cheap once for those coming with foreign money but lately that’s not the case anymore.
Pictures: Leo Correa, Veja.