Rio Real Estate Shielded From Burst
Real estate prices in Rio have risen rapidly in the last year, since it was announced in 2009 that the country will host the 2014 FIFA World Cup, and then the 2016 Olympics. Along with the pre-salt oil discoveries and general strength of the Brazilian economy, everything seems to spell big opportunities for real estate investors
.Almost R$2.56 billion (roughly US$1.56 billion) are expected to be spent on specific planned housing and hotel accommodation projects in Rio de Janeiro for the Olympic Games alone. Preparation for the World Cup will bring a number of investment opportunities of its own as it will be hosted in twelve different cities throughout Brazil (with the finals held in Rio).