Rio De Janeiro Real Estate

By: Seth Willis Jr.

Rio de Janeiro is one of the most interesting cities in the world. Very few urban areas can compete with Rio de Janeiro for sheer physical beauty. Nestled between unending stretches of beaches and mountains, Rio de Janeiro real estate is in several ways defined by them. From its world-famous beaches Ipanema, Copacobana and Leblon to its spectacular mountains Serrs da Carioca and Sugar Loaf, from its high-rise European style urban development to the poverty stricken hillside favelas, Rio is a study of contrasts.

The Three Zones of Rio de Janeiro

Rio de Janeiro real estate is divided into three distinct zones that have their own unique land use, social and economic structure. The affluent South Zone is defined by its majestic mountains, sandy beaches and spectacular views of the ocean. The world-famous Christ the Redeemer statue atop Sugar Loaf Mountain forms part of the South Zone and so do the famous Ipanema, Copaabana and Leblon beaches.

The Central Zone in downtown Rio de Janeiro real estate is known as the Central Business District and is the business, commerce and banking center. Thirty museums mingle with the municipal and state government offices in this Central Zone.

The North Zone is the industrial center of Rio de Janeiro real estate. This is the main port area and is bordered by Guanabara Bay on the east. The Maracana Stadium and the airport are located here.

Exciting football and carnival

Rio de Janeiro real estate is home to 11 million people whose zest for life and living is well known. Their passion for football is unrivalled and everybody here plays the game with envious skill and dexterity. One every four years, during the Football World Cup everything comes to a stand still while the whole football-loving nation gathers around to support their home team. The Maracana Stadium, which can seat 200,000 football fans, is always buzzing with action as it hosts one 'futebol' game after another.

"Carneval" is synonymous with Rio de Janeiro. Nothing compares to the Carnival in Rio de Janeiro. It is without doubt the largest party on earth. The Sambodrome is packed with action and the excitement is palpable. Watching the Carnival parade on TV comes a distant second to actually being there and experiencing it first hand.

Reasons to invest in Rio de Janeiro real estate

Acquiring Rio de Janeiro real estate is considered one of the best investments in recent years due to the appreciation factor. Rio de Janeiro real estate has been giving tremendous returns in the recent past, which is mainly due a significant decrease in interest rates and inflation and also its popularity among foreign investors.

Some of the other reasons for investing in Rio de Janeiro real estate include

&bull It's relatively low price compared to most other international countries.

&bull High annual returns on real estate investments

&bull Renting out your apartment is a brilliant idea- you get high income per month while you property value steadily appreciates.

&bull Low labor costs mean lower costs of apartment maintenance.

Some companies will help you rent your apartment to temporary residents. They will assume responsibility for renting, cleaning and paying bills at no cost to you at all.

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