Monday, September 5, 2011

Rio De Janeiro Vacation Apartments: High-priced Real Estate Investment In Brazil

By Selena Texeira


While real estate property in Brazil in general is without doubt a superb value, particular sections of Brazil are for just the really prosperous. Along with the World Cup and the Olympics closer than you think, real estate property valuations in Brazil's international holiday travel hot spots for instance Rio de Janeiro have and will continue to progress higher.

Of the top vacation travel locations for the most expensive investment properties, Rio de Janeiro takes the award with the number one hotspots being the globally renowned beaches of Ipanema and Leblon in which the average meter squared comes in at R$10,000. If you're looking for apartments on the beach, you are likely to see square meter prices close to R$17,000.

Beachfront apartment properties in Copacabana is often lower priced yet pricey nevertheless with square meter costs starting from R$6,500 on up to R16,000 making this the second most expensive location for international real estate investment opportunities in Brazil. Beach front apartment penthouses can easily fetch in the 5 to 10 millions.

Each of the most costly travel destinations for Brazilian real estate property are very sought-after. Interest in luxury apartments in vacation travel tourist centers like Rio de Janeiro is well ahead of supply and is a significant driver powering rising costs. Moreover, land is uncommon and at a premium in these already packed beachfront spots.

The 2014 World Cup and 2016 Olympics also are tourist travel engines moving Brazilian properties greater. Real estate property in or around World Cup arena cities is gaining in price as the soccer championship draws near. While these price increases will undoubtedly be highest in Ipanema and Copacabana, other locations for example Belo Horizonte or Natal also are having rises. Add to the mix the 2106 Olympics in Rio de Janeiro and you have a potent formula for a strong real-estate market.

For most experts, the most important factor behind price rises inside the international Brazilian property marketplace is the unprecedented interest in apartments and homes across Brazil. This demand is clear at all social levels and impacts all kinds of properties from social housing to luxury penthouse apartments on the Copacabana and Ipanema beaches.




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