Neighbourhood of Rio de Janeiro, fast emerging as hot property destination
Friday, March 7, 2008
The neighbourhood of Rio de Janeiro is now being considered as a profitable property investment.
The Leblong district, located along the sandy beaches of Rio, is fast emerging as a hot place for the rich and famous to make frequent visits, thanks to 'rarity fuel booms', reports the International Herald Tribune (IHT).
Leblon has experienced a 15 percent increase over the past three years, and most areas in the Southern Rio too, have witnessed similar 'strong growth' in real estate values.
Jose Conde Caldas, the President of the Commission for Urban Development at the Association of Real Estate Company Directors in Rio, while describing the nature of investment in this region, mentioned that the wealthy and famous, wish to live in Jardim Pernambuco, due to its fierce security, and an exceptionally high capital growth, that averages around 45 percent during the past three years.
"People here, purchase a house and demolish it, to obtain the exact kind of property in which they wish to live there. An amount of even upto $4 million is said to have been spent on a house, which was bulldozed immediately."
The expert researcher of the Property Investor and Homebuyer Show, had described Brazil as an emerging posed country, which is one the verge of a property boom.
Social BookmarkingThe Leblong district, located along the sandy beaches of Rio, is fast emerging as a hot place for the rich and famous to make frequent visits, thanks to 'rarity fuel booms', reports the International Herald Tribune (IHT).
Leblon has experienced a 15 percent increase over the past three years, and most areas in the Southern Rio too, have witnessed similar 'strong growth' in real estate values.
Jose Conde Caldas, the President of the Commission for Urban Development at the Association of Real Estate Company Directors in Rio, while describing the nature of investment in this region, mentioned that the wealthy and famous, wish to live in Jardim Pernambuco, due to its fierce security, and an exceptionally high capital growth, that averages around 45 percent during the past three years.
"People here, purchase a house and demolish it, to obtain the exact kind of property in which they wish to live there. An amount of even upto $4 million is said to have been spent on a house, which was bulldozed immediately."
The expert researcher of the Property Investor and Homebuyer Show, had described Brazil as an emerging posed country, which is one the verge of a property boom.
Labels: Rio-de-Janeiro
