Rio is seeing a shift from investors to lifestyle purchasers

With Rio De Janeiro playing host to both the 2014 World Cup and the 2016 Olympics, the city’s property market is booming and also people should buy property in Rio de Janeiro as it is a city for those with a "zest for life"

Marco Lomanto, products and destinations manager at Embratur, the country's tourist board, said that  the city has been one of the main cultural centres of the country, with its several cinemas, churches, museums, parks,  concert halls, art galleries and libraries. Cultural events such as the Carnival or New Year's Eve  and other attractions such as beautiful beaches, cultural heritage  make the city worldwide famous. Besides, the beaches of the Copacabana, Leblon , Panema and Barra da Tijuca were picked out as destinations to chill out in. Moreover, the city offers the best potential for investors as a range of high-quality developments and inward investment has resulted in huge capital growth.

Tom Hall, editor of the Lonely Planet guides, told the Guardian that exploring Rio could take three or four days and there are a number of beach suburbs which should be checked out  such as Ipanema, Leblon and the Copacabana. The Sugarloaf Mountain and Corcovado’s statue of Christ the Redeemer are other must-see things in Rio as they provide stunning views of the city. He added that if tourists have seven full days, they should consider heading west from Rio to Paraty, a lovely colonial city that’s close to dozens of great beaches. It’s a four-hour bus ride away. Closer is Angra dos Reis, from where they can catch a ferry to idyllic Ilha Grande.

Meanwhile, Hakan Olsson from Rioapartments website stated that property prices were on the rise well before the Olympic win was announced in October last year.

He commented: “For sure (the Olympics) is one of the very strong reasons prices will rise in the coming five years, but not the only reason. Besides the World Cup and the Olympic Games,  the state’s flourishing oil industry and tourism is a major factor supporting the property boom and Many Brazilians come here to work in the oil business, of which Rio is the capital in Brazil”.