Property software company Redpin is strengthening its presence in Brazil through a new partnership with Currencies Direct, offering streamlined financial services to support the growing wave of Brazilian buyers entering Portugal’s real estate market.
Currently, Brazilians account for about 15% of Portuguese home sales, reflecting an expanding community of up to half a million Brazilians who have made Portugal their home.
Under the new partnership, Brazilian investors will gain access to exchange services designed specifically for the Brazil–Portugal corridor, including competitive rates for BRL-to-EUR transfers, no added fees, and high transfer limits. Expert guidance from Currencies Direct will also allow buyers to time their currency exchanges advantageously, backed by Portuguese- and Brazilian Portuguese-speaking support. The ultimate goal is to reduce transaction complexity and minimize currency risks.
According to Rubem Galvâo, sales manager at Currencies Direct, Brazilian investment in Portuguese real estate is expected to climb by 50% over the next three years, citing data from the Luso-Brazilian Chamber of Commerce and Industry. To meet this demand, Currencies Direct, which already operates four offices in Portugal and collaborates with 122 local real estate partners, will work with Redpin’s global staff of more than 800 employees across 35 locations. Plans are in place to open a dedicated office in Brazil to better serve Brazilian clients.
Over the long term, Redpin aims to partner with up to 50,000 real estate professionals representing 10,000 licensed agencies. By prioritising secure cross-border payments and enhanced transparency, the new initiative is poised to make property transactions simpler for Brazilian buyers eager to tap into Portugal’s thriving property market.
