Agente Imóvel has recently expanded into vacation rentals, tapping into Brazil’s tourism industry on an even broader scale. The decision to expand the business was partly influenced by the upcoming 2014 World Cup and 2016 Olympic Games, but also for the long-term prospects of Brazil.
One of the major complications foreigners often face when buying or renting property in Brazil is the language barrier and a lack of knowledge about the Brazilian property market. Agente Imóvel offers a solution by transcending Brazil’s previously integration-challenged property portals.
With a customer base that is more than ninety percent Brazilian, they offer credit card payments in installments, a very popular mode of payment in Brazil. As a Brazilian company, Agente Imóvel is also leveraging the benefits of Brazilian protectionism; foreign competitors have to deal with a tax of 6.38 percent on all foreign credit card transactions.
The idea is to make the experience as stress-free as possible for customers as well as property owners.
Last December, Forbes encouraged investors who were worried about “an overheated Chinese housing market” to look toward Brazil, as the Brazilian “real estate market has legs.”
Though there is a positive long-term outlook for Brazilian real estate, it has not completely escaped the effects of the European financial crisis, which has managed to clip the heels of the Brazilian property market, according to Forbes.
“The addition of vacation rentals to Agente Imóvel is what we consider to be the last building block in what now is a complete real estate portal for Brazil” said Jonsson founder of Agente Imóvel.