Luxury Real Estate Market For Penthouse Apartments Keeps Rising In Rio De Janeiro
Whilst real estate properties in Brazil in general is unquestionably a fantastic price, certain sections of Brazil tend to be for only the really affluent. And with the World Cup and the Olympics right around the corner, real estate values in Brazil\’s international holiday travel hot spots for instance Rio de Janeiro have and can continue to progress higher.
Of the top vacation travel destinations for the most costly investment real estate property, Rio de Janeiro will take the prize with the number one hotspots being the world renowned beaches of Ipanema and Leblon in which the typical meter squared comes in at R$10,500. If you\’re looking for flats directly on the beach, you can expect to see square meter rates around R$18,500.
Beachfront apartment properties in Copacabana are generally lower priced however pricey nonetheless with square meter costs between R$5,000 on up to R14,000 making this the next most high-priced location for international real estate investment opportunities in Brazil. Beachfront apartment penthouses can fetch in the 5 to 10 millions.
All of the priciest travel places for Brazilian property are hugely sought-after. Interest in luxury apartments in vacation travel areas like Rio de Janeiro is well ahead of supply and is a significant engine guiding soaring costs. Additionally, land is rare and at a premium within these presently crowded beachfront locations.
The 2014 World Cup and 2016 Olympics will also be tourist travel engines pushing Brazilian real estate higher. Properties in or around World Cup arena cities is increasing in value as the football championship draws near. Whilst these price increases shall be highest in Ipanema and Copacabana, other locations for instance Belo Horizonte or Natal also are going through increases. Add to the mix the 2106 Olympics in Rio de Janeiro and you\’ve got a potent formula for a powerful property market.
For many specialists, the largest factor guiding price rises inside the international Brazilian property market is the unprecedented demand for apartments and homes across Brazil. This demand is obvious at all social levels and impacts all kinds of properties from social housing to deluxe penthouse apartments on the Copacabana and Ipanema beaches.
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