What is the impact (if any) on real estate of local common law in Brazil?
As a general rule, there are no legal restrictions on the ownership of real estate by particular classes of persons. However, there are some restrictions on foreign persons owning or occupying real estate in Brazil. For instance, only foreign entities authorised to function in Brazil or persons residing in Brazil may own rural land and even then there are some restrictions on the property’s size and foreign entities’ ownership. Furthermore, foreign citizens are not able to acquire land on the borders of the country, without special governmental authorisation. Properties owned by foreign governments or international organisations may only be used for the performance of their activities.
