Rio de Janeiro has vaulted from an international party town to a real estate market international hot zone virtually instantaneously with the headline that it\’s going to be hosting the 2016 Olympic Games. To stoke the flames much more, Brazil will also be hosting the ever popular World Cup in 2014. These eye catching functions have produced immediate awareness, esteem and promise to a metropolis known best for its indulgent love of anything recreational.

Subsequently, property prices in Rio de Janeiro, especially Leblon, Ipanema and Copacabana have appreciated and are probably set to surge farther as investors view the Olympics and World Cup as upwards turning points in the city\’s modern day history. As development gets underway to improve the city\’s system, international investment has begun pouring back into Rio and there has been a resurrection in tourist awareness.

Suddenly cool all over again, properties overlooking Copacabana or Ipanema beaches will definitely take on improved status and increased value, while inexpensive areas like Flamengo, Laranjeiras and Botofogo entice expats. Anyone with a desire for investing in property in Rio de Janeiro is going to be encouraged by Brazil\’s very generous foreign property title laws.

At carnival time, renting any type of accommodation in Rio de Janeiro is often hard. The few properties which are still unoccupied will likely be incredibly expensive. Serviced flats will probably be rented for up to 10 times the norm.

Other times of the year, even apartments in Centro, Botofogo and Flamengo will be a good value however with one week minimal stays being normal and charges being that are around the same per night as a two or three-star resort in the US.

There isn\’t any limits on foreign people investing in real estate property in Brazil and this naturally includes purchasing property in Rio de Janeiro in addition to Ipanema and Copacabana. All that is required is a Brazilian ID known as the CPF, which is obtained on presentation of a valid passport of any nationality and may be applied for at your close by Brazilian consulate.