Hi Raimundo, I myself I'm thinking to buy an apt in Rio. I've been visiting and looking into Natal and the north est but it seems to me that at the moment if one expect a decent rent it's going to be quite difficult.The potential (and planned) supply is
so incredibly large when compared to the current market. Early 2007,
all tourism projects together announced well over 40000 new units.
Compared with a market that sells less than 2000 units per year on
average, by no means is there any guarantee that prices will go up. That's why I've started looking into Rio. I've found a 3bed apt based in Arpador, which is between Ipanema and Copacabana, and it seems quite interesting. One of the downside is that the building was built in 1970 and I've read somewhere to be extremely carefull in buying property ante 1976 as it seems that could be problem with registration. A friend of mine will check the condition of the apt next week. I've also found out that a cousin of a friend of mine got an estate agent in Rio and I'll ask him to give me real potential income that could come from the property.Any more info from members about Rio is most welcome

hi Remundo,

I have been working for abrazillian developer for 4 months now. I have to say it is very tough for the reason that you posted. Do you know what you are looking for in Rio? our company does build there but i dont want to violate the rules of the forum. I can however offer you help in doing the due dilligence and offer any guidence you may need. im me if you need help

reguards
John Miller
44-208-631-5403

I can only speak for myself when I say that Brazil is far too large a country for pretty much anyone to know every state and city. Most people on the forums seem to be focusing on the Northeast of Brazil due to the proximity to Europe and the US. However 42 views means there are a lot of people who are also interested in whatever anyone who does know the market has to say.

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Yes, I work for a Real Estate company doing market research and analysis but I'm not involved in sales.

Have a nice day

well;

I have seen your posts on property in Fortaleza as well, My advice, is that you will need to concentrate on ONE part of Brazil, we are interested in the NE because its where brazilians go for Holidays, and it's proximaty to Europe.

As for Rio, i think it's a bit expensive, and you will need to risk alot of money to invest there + security issues, ever thought about that?

I agree, with the two previous posters, but there are 2 issues.
1. the northeast is good for tourist and travelers, but no guarentees on rentals all year long.

2. the people of Rio are in need of better accomodations or second homes as there is a void in the developments in the area. As the interest rate goes down every .5%- 2 million people will be able to afford a mortgage.

there are companys in Rio that offer 20% buy back guarentee as well and they start at about £42,000, not bad if you compare what you get in the northeast

Because of the current political and economic situation in the country, there are numerous areas which offer fabulous investment opportunities. For Europeans, purchasing overseas can often be a combination of personal use and investment (personally when I buy in Brazil I'll be looking for a place which not only fills my investment requirements but which I could also use as a temporary/semi permanent base when needed.) For that reason I've focused more on the Northeast.

But I would be very interested on a personal level to hear more about the conditions and offers in Rio. Although I don't think as a company we'll be looking at promoting property in Rio too soon, one should "never say never"!?

__________________
Yes, I work for a Real Estate company doing market research and analysis but I'm not involved in sales.

Have a nice day

Ladies & Gentlemen -

Why is Rio not even in the fold on Totallyproprty.com?

Is there a reason why people are not interested in investing in Rio de Janeiro? I'll admit that finding a bargain in Rio is difficult, with violence and favellas escalating each year. But Rio has all the things a guy could want, but high prices, favellas and security issues plague the city not to mention (I think) over-hyped friendliness of locals i.e. cariocas. Rio is a wonderful city.... but???

Comments?