subject: What Are the Best Neighborhoods to Buy Real Estate in Sao Paulo Brazil? [print this page] So Paulo is the biggest Metropolitan city in all of South America in terms of urban area population. It is also considered the largest economic metropolis in the region. The variety of housing types and real estate options available is quite overwhelming. There is so much choice that you can practically find a neighborhood to meet just about anyone's needs or wants.
So Where Should You Buy?
That's a tough question and there are several possible answers. This article will walk you through some of the most popular areas that local buyers are currently pursuing and why. It will also attempt to give you the average price of a home in all of the neighborhoods covered in this article in order to help you decide what suits you best.
The Most Sought After Neighborhoods By Local Home Buyers are Pretty Disperse
The ton of neighborhoods in the city make it practically impossible to pin point what the single best location within the city would be. In fact, most home local buyers consider many things before they take the plunge. Factors which most affect the purchasing decision are:
How close the property is to their work location
How safe the neighborhood is
Which shopping areas are within walking distance
Ease of mobility
Whether or not the property is near the city's Metro/Subway.
How much can people afford to spend
What the demand for rental property in the neighborhood is in the event they wanted to rent out the home at a future date.
Who your potential tenants would be and what their average incomes are
What traffic is like in the area (One of the most important)
etc.
All these things play a huge roll when deciding what the best place to buy a home is.
Traffic is Probably one of the Biggest Factors People Consider
So Paulo is a huge city with tons of cars. In fact, statistics show that there are over 6 million cars within the metropolitan area. This makes mobility a huge concern since traffic and proximity can mean the difference between a daily commute of a few minutes to that of a few hours. So where people work and what the traffic is like is probably the biggest factor new home buyers consider before making the final purchasing decision.
Access to So Paulo's Subway / Metro
Those who can't afford to live within walking distances to their work locations generally preffer to buy or rent real estate in neighborhoods that are close to the city's Metro. This gives the general working family a more convenient method to commute to their work locations. It is also much faster than traditional public transportation methods such as city buses.
Neighborhoods Near the Metro and Real Estate Prices in the Sector
According to research done through Datafolha the following neighborhoods are in high demand because of their location:
Important Neighborhoods Near Av. Paulista: (Prices in here range from R$4.000 to R$7.000 Brazilian Reais per square meter)
Paraso
Cerqueira Csar
Bela Vista
Consolao
Neighborhoods in the Southern Zone:
(Price around R$4.000,00/m2)
Vila Mariana
Neighborhoods on the East Side:
(Price around R$3.000,00/m2)
Tatuap
Moca (A Neighborhood of Immigrants)
Datafolha Research classifies Moca as the top ranking neighborhood within So Paulo. It is a neighborhood that has traditionally attracted a large amount of immigrants, mainly from countries such as Italy and Spain. Its culture is very diverse and people seem pretty happy here. It is known for having that small town aura where residents have a sense of community and there is a good feeling of peace and security.
Moca is not too close the city's Metro, however it is still considered pretty central and is easy to get to.
Real estate prices in Moca
The average per square meter cost in Moca is of around R$3,000 to R$3,500 per m2. The demand is also constant so the liquidity factor is pretty positive as well.
Popular Upscale Neighborhoods in So Paulo
For the higher income crowd, So Paulo offers beautiful neighborhoods such as:
Higienpolis
Moema
Perdizes
Pinheiros
Brooklin
Campo Bel
Average real estate prices in these neighborhoods go for approximately R$ 4,000.00 to R$ 8,000.00 / m2.
Almost everyone in these areas drive cars so public transportation is not too great. The Metro is a bit far but these neighborhoods are still considered pretty central. Due to the high demand for property in these areas buying real estate here makes for a pretty good investment.
Morumbi - A Surging Community
In the Western part of So Paulo we find one of the fastest growing neighborhoods in the city - Morumbi. Morumbi has become quite popular and home prices are quickly escalating.
Real Estate Prices in Morumbi
The average per square meter price in Morumbi goes for around about R5,000 /m2 which is on the upper end of So Paulo real estate prices. This is pretty interesting considering there are two things which would lead people to believe the area would be worth much less.
Morumbi is very near Paraispolis which is one of So Paulo's largest slums
The neighborhood is a bit far from central So Paulo (approximately 8 to 14 kilometers)
Despite these facts, Morumbi is growing at an alarming rate and real estate here is considered a great investment. New construction projects are booming everywhere and home appreciation is accelerating quicker than in other So Paulo neighborhoods.
Buying property in Brazil can be very attractive. However, it can also be a complicated and daunting task, especially if you are a foreigner who speaks very little Portuguese. The VivaReal Network's Latin America Real Estate listings portal http://www.vivareal.net/ makes the process muc
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