Real Estate Investment Properties Growth Still On Track In Rio De Janeiro
Sunday, November 13, 2011
By Suzy Cunha
In 80's, Brazil's economy's soaring inflation above 50% per month caused real-estate investment apartments to be a rather bad investment because lease deals gave rise to key discussions about how precisely to adjust the rent price. From 2010 onward, nevertheless, the new Rent Law ended up being enacted to manage and up-date metropolitan property rent matters, which was a major factor for the real estate property market growth.
The announcement that Rio de Janeiro would host the Olympic Games in 2016 and the 2014 World Cup will be held in Brazil, combined with the aggressive takeover of the slums by federal police thus making Rio de Janeiro and regions including Ipanema and Copacabana very much less hazardous, these events have considerably improved the valuation on real estate apartment homes in Rio de Janeiro's property marketplace.
Thinking of the enormous income the Olympic Games and World Cup will create for Brazil, many foreign investors are now concentrated on the real estate property marketplace in Rio de Janeiro for high rise apartments or condos. Specifically, areas which have benefited the most including Ipanema, Copacabana and Leblon.
Nevertheless, due to the fact popular regions such as Ipanema happen to be in the biggest request, the roi has declined consequently rendering it a riskier investment. For this reason, individuals presently search for high-potential spots further out there such as Botofogo, Centro and Recreio.
The World Cup and the Olympic Games have brought substantial demand to Brazil. These global professional sports events in the nation contributed to the growth of the real estate property market, further assisted by local foreign currency stability, access to credit facilities and expected lower interest rates, even though they continue to be among the highest worldwide at 12%.
Consequently, hosting the Olympic Games and the World Cup does indeed produce a highly beneficial and lucrative scenario to investors who decide to set up organizations in Rio de Janeiro and possibly purchase apartments in regions that still present excellent value.
The announcement that Rio de Janeiro would host the Olympic Games in 2016 and the 2014 World Cup will be held in Brazil, combined with the aggressive takeover of the slums by federal police thus making Rio de Janeiro and regions including Ipanema and Copacabana very much less hazardous, these events have considerably improved the valuation on real estate apartment homes in Rio de Janeiro's property marketplace.
Thinking of the enormous income the Olympic Games and World Cup will create for Brazil, many foreign investors are now concentrated on the real estate property marketplace in Rio de Janeiro for high rise apartments or condos. Specifically, areas which have benefited the most including Ipanema, Copacabana and Leblon.
Nevertheless, due to the fact popular regions such as Ipanema happen to be in the biggest request, the roi has declined consequently rendering it a riskier investment. For this reason, individuals presently search for high-potential spots further out there such as Botofogo, Centro and Recreio.
The World Cup and the Olympic Games have brought substantial demand to Brazil. These global professional sports events in the nation contributed to the growth of the real estate property market, further assisted by local foreign currency stability, access to credit facilities and expected lower interest rates, even though they continue to be among the highest worldwide at 12%.
Consequently, hosting the Olympic Games and the World Cup does indeed produce a highly beneficial and lucrative scenario to investors who decide to set up organizations in Rio de Janeiro and possibly purchase apartments in regions that still present excellent value.
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Posted byBertie at 2:16 AM
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