on top of the price of the property, there are also a number of taxes and fees that need to be taken into account before purchasing.

these include the imposto sobre transmissão de bens móveis, which is 2 percent of the purchase price, notary fees of 1 to 1.5 percent of the purchase price, legal fees between 1 to 2 percent of the purchase price, a public deed that is based on the property's value, and an annual imposto sobre a propriedade e território urbano tax, which will vary depending on a number of factors and is typically paid in monthly installments throughout the year.

a very common question among all first-time visitors in rio is the ballpark price of apartments in the areas typically frequented by tourists, near the main beaches, typically in ipanema and copacabana .