property tax

Lucy, a freelance graphic designer from the U.K., is sitting in her London flat, sipping on a cup of Earl Grey tea while scrolling through property listings in Rio de Janeiro. She’s been dreaming about owning a summer apartment near Copacabana beach, not just for personal holidays but also to rent out when she’s back home. Yet, she’s paused for months, hesitant because she’s worried about...

“I remember the moment when Carlos, a young professional from Rio de Janeiro, sat down with his cousin Ana at a small café in Ipanema. Over a glass of fresh coconut water, they pored over a set of documents and figures, each one more confusing than the last. It was Carlos’s first attempt at buying an apartment in Brazil, and he had just discovered something that made him sweat a bit: property taxes....