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Rio De Janeiro, Copacabana And Ipanema Apartments: The More Expensive Real Estate Investment In Brazil

Thursday, August 11th, 2011

Whilst real estate property in Brazil on the whole is unquestionably a great price, particular regions of Brazil are for only the really rich. And with the World Cup and also the Olympics closer than you think, real estate valuations in Brazil’s international hot spots such as Rio de Janeiro have got and may continue to progress higher.

Of the top areas for the most pricey investment properties, will take the prize with the number 1 hotspots being the globally renowned beaches of Ipanema and Leblon where the common meter squared comes in at R$11,000. If you need apartments right on the beach, you should see square meter rates around R$18,500.

Beachfront apartment properties in Copacabana are generally lower priced yet pricey nonetheless with square meter costs starting from R$6,000 on up to R15,000 thus, making this the 2nd most high-ticket location for in Brazil. Beachfront apartment penthouses can easily fetch in the 5-10 millions.

All of the most high-ticket locations for Brazilian real estate property are extremely sought-after. Interest in luxury apartments in big urban centers like Rio de Janeiro is well ahead of supply and is a key driver behind soaring costs. Furthermore, land is uncommon and at a premium within these already crowded seaside areas.

The 2014 World Cup and 2016 Olympics are also engines driving Brazilian properties higher. Real-estate in or near World Cup arena cities are increasing in price as the soccer championship approaches. Whilst these price increases shall be highest in Copacabana and Ipanema, other places such as Belo Horizonte or Natal will also be having increases. Add to the blend the 2106 Olympics in Rio de Janeiro and you’ve got a powerful recipe for a strong real estate sector.

For many analysts, the largest element guiding price rises within the international Brazilian property market is the unprecedented interest in apartments and homes across Brazil. This demand is clear at all social levels and has an effect on all kinds of properties from social homes to deluxe penthouse apartments facing beaches.

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