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Copacabana

Brazil - Rio de Janeiro

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Copacabana - Rio de Janeiro

The mythical neighbourhood of Copacabana, nicknamed "Princesinha do Mar" (Little Princess of the Sea) is a dream place thanks to its iconic sandy beach and its blue sea. Situated between Leblon and Ipanema, in the South part of Rio, this popular neighbourhood is a real life area in Rio.
For decades, it has welcomed the political and economic elite of the country, in a glamorous and peaceful atmosphere. Copacabana has kept this heritage as it is nowadays a cosmopolitan place, with people from all walks of life. Copacabana offers everything we can dream of: upscale restaurants, luxury hotels, bustling nightclubs, trendy bars, and posh shopping malls.

Market overview

Between its luxury neighbourhoods and its forgotten favelas, Rio is the city of a great discrepancy. Between 2008 and 2013, some developers tried to mitigate this gap but instead, they created a true real-estate bubble. Since then, the housing market may have entered in a stable low period despite the 2016 Olympic Games effect.
This growing city is constantly in expansion: with 50,000 inhabitants in the 1980s, it now hosts more than 400,000 cariocas. However, the country is facing a political uncertainty and an economic crisis, which led to a 20% decrease of the housing prices. All these elements seduced foreign investors as the Brazilian currency is weak. Besides, there is a large number of available properties on the market and the possibility to buy them at attractive prices made Brazil a kind of Eldorado with real housing opportunities.

Buying basics

In Brazil, there are special rules regarding property: – the general rule is that the owner of the soil also owns the subsoil. Owner is able to make vertical constructions up to a reasonable depth, such as to build a basement or a subterranean garage. Owner cannot prevent the use of the subsoil for some activities, such as soil drilling for subway rails, passageway for conduit devices...
Foreign investors have the same rights as local citizens to acquire real estate property, except for special cases (rural lands, mining land, property near the coast or frontier...) and Foreigner with residence in Brazil cannot acquire more than an area equivalent to 50 units of rural property called “módulos rurais”. Foreign entity can only acquire rural property for agricultural purpose, industrialization, and other specific projects, duly approved by the Brazilian Agricultural Ministry or the Department of Trade and Industry.
It is advisable to count with a legal assistance for the acquisition of a real estate in Brazil. The lawyer will verify the certificates and possible burdens or impediments for the acquisition, elaborate all legal documents, and make sure that the transaction is safe for the buyer.

Low Season
May 01 - Oct 31

From May to October, the Southern winter is present in Rio. Therefore, the weather will have tempered heat and temperatures could decrease to 15 degrees, which could be considered as fresh. However, it is possible to swim all year long. During this period you will benefit from attractive prices and less crowded places.

High Season
Nov 01 - Apr 30

The period between November and April is the best one to enjoy favorable weather conditions even though the month of December is generally the most rainy one.

Peak Season
Dec 01 - Mar 31

From December to March, the austral summer is present in Rio de Janeiro. During this period, the weather is dominated by heat and the hottest temperatures but these months are the perfect ones for parties. This period is selected by most of visitors to come to Rio de Janeiro, therefore places are crowded and prices are more expensive.

Copacabana Beach

This 4km-long beach is probably the favorite one of foreign visitors. It became popular in the 1920s thanks to the construction of the Copacabana Palace Hotel, which was the only deluxe hotel of Latin America at that time. In summer, the emblematic beach welcomes hundreds of thousands of people on its fine white sand, wandered all day long by drink, hat, sunscreen and kite sellers.
You can also practice various entertaining outdoor activities along the coast. Copacabana beach is the spot where lot of huge events take place such as Beach Soccer and Volley-ball World Cups. It becomes a giant community center on New Year's Eve and this party on the Copacabana beach is considered to be the second largest one in the world as it attracts around two million people from all over the world.

Corcovado Mountain

The Corcovado peak is one of the mountains of Rio de Janeiro Bay and hosts one of the symbol of Brazil, the Statue of Christ the Redeemer. Both are often mixed up as the Statue is generally referred as "the Corcovado", which is the name of its place.
In Portuguese, "corcovado" means "hunchback", which is surprising for this steep mountain, which reaches 710 meters high. This peak hosted, as early as 1824, the first Brazilian road built in a tourist aim, which was a true feat at that time, due to the complex geographical conditions. From its 710 meters high, you can admire all the neighbourhoods of Rio and the magnificent Tijuca forest around.

Tijuca Forest

Tijuca Forest is the largest urban forest in the world, with its 3,200 hectares. It gathers hundreds of fauna and wildfire species, among which some of them are only in the "Mata Atlantica" and are endangered.
Situated in the heart of the city, few minutes walk from Rio's districts, its numerous historical sites deserve a visit: the cascatinha small waterfall, the Maryrink Chapel, the Baracão, the Paulo and Virginia cave as well as the Fairy lake and the pond of the solitudes are worth going out of your way to see.

The PRESTIGE MLS agents

Frédéric COCKENPOT
Director
Where In Rio
Rio de Janeiro
Discover Hotspots in Rio de Janeiro
The city of Rio de Janeiro, formerly named "São Sebastião do Rio de Janeiro", was founded in 1565 by Portuguese explorers and was a cornerstone place for naval trade between Brazil, Europe and Africa. It became the capital of Brazil in 1763 after an impressive growth thanks to gold and diamond discovery but let Brazilia have this title in 1960. Nowadays it is a huge megalopolis which receives more than six million of inhabitants, called the "Cariocas". Therefore, it is the second largest city in Brazil. Situated nearby the Atlantic Ocean, the city of Rio de Janeiro is overhung by a rocky peak, called Corcovado, which hosts the Redeemer Statue. With the institutional Carnival of Rio, they both represent the main symbols that characterizes...
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