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Ipanema

Brazil - Rio de Janeiro

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Ipanema - Rio de Janeiro

Ipanema is a trendy neighbourhood which welcomes the wealthy Cariocas of Rio de Janeiro. This world-class beach destination has shaded streets overflowed with trendy boutiques, traditional shops and upscale restaurants. This very safe district is composed of residential buildings, bars and stores of all kinds and take part in the life of the place, which is culturally rich and its nightlife is never ending. 

The typical image of Rio, the cult of the body, is visible from the streets: you can see sports halls, which are mainly located on the first floor of buildings. The neighborhood of Ipanema tries to integrate favelas to the original city of Rio thanks to the Cantagalo walkaway, which has linked since 2010 the Cantagalo and Pavão-Pavãozinho favelas to the Ipanema underground.
This place could soon become a new tourist spot!

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.

Ipanema Beach

Situated in the upper-class residential area of Ipanema, this beach welcomes the golden youth of Rio. It is one of the only beaches of the city where women wear monokini.
Less noisy and bustling than Copacabana beach, Ipanema beach is undoubtedly the most romantic among the 25 beaches of Rio. Its 4.3km-long beach invites to sunbathing. The beach is divided in several parts, each one has lifeguards and is aimed at a specific population: families with kids, gays, surfers...

General Osorio Square (Praça General Osório)

This place is bordered by the main commercial street in Ipanama, Rua Visconde de Pirajá and was created by José Antônio Moreira Filho, who also founded the city of Ipanema in the 17th century. It was named in tribute to Manuel Luís Osório, who was a Brazilian military officer during the Paraguayan war in the 19th century.
On Sundays, this place becomes a true art and crafts market. Artisans exhibit paintings, sculptures and regional product tastings. You can also listen to local choirs. On Tuesdays, the square hosts a fruit and vegetable market with attractive prices for high-quality products.

Ipanema Hippie Fair (Feira Hipe)

Every Sunday since the 1960s, the General Osorio Square hosts the Ipanema Hippie Fair, originally organized by Hippies to sell crafts and other things. Over the years, it became a major event in Ipanema and became a true arts and crafts market, with exhibitions of the best Rio's artisans. 

Date: Sundays 9am-5pm

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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