What’s the best thing about Brazil properties?
There are loads of great qualities that characterise Brazilian real estate. Is it that it’s in Maceio? Or the opportunities in Bahia? The coastal homes of Ceara? The football scheduled for Fortaleza? The soccer stadium in Sao Paulo? What’s the best thing about Brazil properties?
Brazil is a federation of 26 states, a federal district and municipalities. Member States have an independent government to collect their own taxes and receive their share of taxes levied by the federal government. They are made up of a governor and a unicameral legislative body elected directly by voters. They also have independent courts of common justice. Despite this, states have much less autonomy to create their own laws than in the United States. For example, criminal and civil laws are only voted for the federal bicameral Congress, and are uniform throughout the country.
Brazilian exports are increasing, creating a new generation of tycoons. The most important export products include aircraft, electrical equipment, cars, ethanol, textiles, footwear, iron ore, steel, coffee, orange juice, soy beans and canned meat. The country has expanded its presence in international financial markets and commodity markets over the years, and is one of four emerging economies called BRIC countries.
Brazil set its currency, the real, in 1994. However, after the financial crisis in East Asia, the collapse of Russia in 1998 and the series of financial adverse events that followed, the Brazilian central bank temporarily changed its monetary policy to a managed float regime while experiencing a currency crisis, until definitively changing the floating exchange rate for January 1999.
The official language is Brazilian Portuguese, which almost all of the population speaks and is virtually the only language used in newspapers, radio, television and business and for administrative purposes. The exception to this is in the municipality of São Gabriel da Cachoeira, where Nheengatu, the currently endangered South American Creole language, is the most native language, with the vocabulary and grammar that was once a important lingua franca in Brazil and previously held co-official status with the Portuguese.