The Most Expensive Real Estate in Brazil | Obelisk International While Brazilian real estate is undoubtedly good value, certain residential pockets of Brazil are only for the very wealthy. And the forthcoming sporting events mean prices for property in Brazil’s hot spots will only get higher. The city triangle of Rio de Janeiro, Sao Paulo and Brasilia dominates the listing of the most expensive real estate in Brazil. All but one area in the top ten ranking published in Exame magazine are in these three cities. The Top Five The top five areas for the most expensive investment in Brazil property are monopolized by Rio de Janeiro. Number one is the emblematic beach of Ipanema where the average metre squared comes in at R$11,359. Take that new build to the Ipanema beach front however, and a square metre shoots to R$16,800. Waterfront properties in Lagoa and Botafogo (both in Rio) are pricey too. New construction in Lagoa costs between R$8,400 and R$13,833, making this the second most expensive location for real estate investment in Brazil. As Brazil’s capital and civil servant hub, Brasilia features high in the ranking. The city’s characteristic low-rise new builds are very popular and attract between R$8,000 and R$8,500 per square metre. Even resale properties in Brazil’s capital are pricey. Sao Paulo comes in fifth position with the area of Alto de Pinheiros in the highest ranking for Sao Paulo real estate. This part of Brazil’s economic capital is famous for its wide avenues and green areas, and a big favourite with the city’s wealthy. Investment in a Sao Paulo new build averages at around R$6,750. Factors Behind Brazilian Real Estate Prices All of the most expensive places for Brazilian property are highly sought-after. Demand for luxury property in Brazil’s largest cities is well ahead of supply and a major driver behind rising prices. In addition, building land is at a premium in prime locations. The 2014 World Cup and 2016 Olympics are also both engines pushing Brazilian property prices higher. Real estate in or near World Cup stadium cities is gaining in value as the football championship approaches. While these price rises will be highest in Rio and Sao Paulo, other cities such as Belo Horizonte or Natal (north east Brazil) are also experiencing increases. For Obelisk International, the largest factor behind price rises in the Brazilian property market is the unprecedented demand for property throughout Brazil. This demand is apparent at all social levels and affects all types of property from social housing within the Minha Casa Minha Vida government programme to luxury penthouses on Ipanema beach. And with this demand set to accompany real estate in Brazil for at least two decades, Obelisk International believes this is the most compelling reason behind property price hikes. We are also convinced that it’s the most compelling reason to invest in Brazilian property. Contact Obelisk International on 0034 952 820 319. Via email: firstname.lastname@example.org or visit our website: www.obeliskinternational.com.
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