One Sixty
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Overview
An iconic 46-story tower in São Paulo, designed by Pininfarina. It offers large 3 & 4-bedroom suites, priced from R$7–15M. Amenities include a 25m pool, spa, and sky lounge. Some developer inventory is still for sale.
Building/Community Amenities
- Clubhouse / Resident Lounge
- Indoor Pool
- Pool
Investment Insights
Legal & Ownership
Legal & Ownership Information
Ownership Structure
Ownership Rights
Full ownership rights (Freehold)
Foreign Ownership
Foreigners can buy property in Brazil, with the same rights as local citizens, except for certain restrictions on rural land and border areas.
Tax Considerations
Property Taxes
property taxes, or IPTU, vary based on location and property type, generally ranging from 0
Transfer Tax
transfer tax, known as ITBI, which typically ranges from 2-5% of the property's value
Inheritance Tax
Capital gains taxes apply when selling property, usually taxed at 15%
Important Considerations
Restrictions
- Foreigners can buy property in Brazil, with the same rights as local citizens, except for certain restrictions on rural land and border areas.
Required Documents
Financing Options
Financing Options
Financing in Brazil
Brazil offers a range of property financing options for foreign buyers, making it an attractive destination for real estate investment. Typical loan-to-value (LTV) ratios for mortgages in Brazil range from 50% to 70%, providing a substantial opportunity for leveraging property purchases. The country's stable economy and growing real estate market are significant draws for international investors. Brazil's mortgage financing options are relatively competitive, offering foreign buyers a chance to enter a diverse and emerging market. Understanding the nuances of local mortgages, developer financing, and specific requirements will ensure a smoother investment process.
Requirements for Foreign Buyers
- 1Valid passport
- 2Proof of income
- 3Bank statements
- 4Brazilian tax ID (CPF)
- 5Credit history report
- 6Proof of residence
- 7Legal assistance documentation
