Investment in the Real Estate Sector of Rio de Janeiro
Investment in the Real Estate Sector of Rio de Janeiro
Rio de Janeiro City is the capital city of the state of Rio de Janeiro. Rio de Janeiro is second largest city in Brazil. It is also constitutes the third largest metropolitan area in South America. The city, which is commonly known as Rio, is nicknamed as the marvelous city'. The city is also regarded as the Beta World city.
Reasons to invest in the real estate sector of Rio de Janeiro:
The prices of land and properties in Rio de Janeiro are comparatively less than other major cities in the world.
Business analysts claim that Rio de Janeiro would become the international center of the world in the real estate sector. Rio de Janeiro's real estate is foreseen as the most profitable business industry in the future.
For foreign investors, great investment opportunity lies in building apartments - especially on the beachside of Rio and renting it out. Renting out apartments to the visiting tourists would yield great profits over the years and investors would get high value on their investment.
Construction of real estate buildings for residence and commercial uses requires employment of a skilled labor force. In Brazil, foreign investors would get highly skilled and educated labor at a very cheap rate.
The overall economy of Brazil in the global market is improving consistently.
The Brazilian government initiative to promote tourism in the country is having a positive effect. The influx of tourism has increased over the years. Thus, there is a great opportunity for investing in providing accommodation facilities. Investors can invest in building luxurious beachside villas, golf course, spas, leisure centers, etc.
The currency of Brazil is always stable.
The tourism industry is also huge in Rio de Janeiro. The city has beautiful mountains and is very gracefully juxtaposed with the magnificent beachfront. The carnival of Rio is world-famous and attracts huge numbers of tourists from the world over. Also, with important global events like the 2014 FIFA football World Cup and the Olympics in 2016 scheduled to be happening, tourism is expected to grow. Thus, the tourism industry provides a very good investment services in Brazil.
Rio de Janeiro City also promises tremendous investment opportunities in its creative industries, particularly in its fashion sector. The fashion sector is one of the leading creative industries in Rio and thus it promises good returns on investments.
The city is one of the leading producers of petroleum and gas products in Brazil. Rio contributes about 55% of Brazil's overall production. Rio City has a vast coastline and the majority of the petroleum comes from the shores. Though oil is extracted from the shores of Rio, there is still scope for exploring new oil reserves and thus it promises to be a very profitable sector for making investment.
Rio also has a good agricultural sector. Rio grows diverse crops like sugar cane, oranges, coffee, rice, potatoes, beans, pineapples etc. Hence, foreign investors can also consider Rio's agricultural sector, especially in the processing of coffee beans.
Thus, Rio offers foreign investors multiple investment options in its diverse sectors. Rio has good infrastructural facilities and good transportation: both rail and road network throughout the city.
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