Posts Tagged ‘Apartments’

Rio Oil Rush: Relocation and Real Estate

February 19, 2010

With the recent oil rush in Brazil, Rio de Janeiro has emerged as one of the most sought after destinations for corporate relocation. However, relocation in any case always involves lots of time, energy and money in finalizing a suitable apartment alone. The demand for rental apartments and corporate relocation agencies in Rio is soaring high. Even the corporate relocation agencies are doing their best to offer state-of-the-art-facilities to their customers and be visible in their business. One such agency, with an office in New York City, which has carved a niche for itself in catering the rental apartments in Rio, is Rent In Rio. 

“Our relocation specialists will assist you in every step of the whole relocation procedure: finding suitable schools for the children, Portuguese lessons for the family, to hiring a car for yourself whilst you are getting to know our marvelous city. Our agency will also gladly assist you in finding suitable temporary or long term accommodation and will walk you through all the necessary paperwork and documentation that is required,” says Daniel Babush, President of Rent in Rio.com. “ We have Studios, 1,2,3,4 and 5 Bedroom apartments as well as penthouses. We can assist with temporary and long-term rentals whether furnished or unfurnished. We have successfully relocated numerous employees from oil companies, the diplomatic community and other blue chip companies.” Babush says.

Rodrigo de Azeredo Santos, head of Brazil’s Trade Promotion Programs Division of the Ministry of External Relations has said in an interview that Brazilian oil reserves, biofuels and availability of hydroelectric power generation are added guarantees that Brazilian property investment is safer due to the assurance that energy will be available to sustain the economic growth. The oil discoveries are so important for property investors in Brazil as similar oil boom in Dubai and Norway have regularly seen their property market post record price increases annually.

Brazil’s property market is now in good shape for overseas investors. According to Jose C. Santiago, licensed and certified attorney of law in Brazil in his portal LawOfficeInBrazil.com has stated that the country is a buyer’s market, with low prices because there are more homes for sale than there are buyers. The demand for property in Brazil is expected to increase by approximately 900,000 units each year.

Overseas investors looking for good property returns with relatively low-entry costs may consider investing in Brazil following the oil discovery, which may strengthen the country’s economy and in turn raise property prices. Business week has reported that Brazil is a smart place to invest. It is a self-reliant country on the energy front, a position that has been further strengthened by the recent discovery of new oil fields.

Brazil to Become Top Property Market

December 4, 2009

Brazil is set to become one of the hottest property markets of 2010. As one of the world’s fastest growing economies, Brazil has seen a large increase in Foreign Direct Investment. With the country set to host the 2014 football World Cup and 2016 Olympic Games, there will be improvements in infrastructure and huge growth in the construction industry.

Foreign investors are flocking to Brazil to view prime properties with world class views, snatching up real estate in anticipation of future capital growth.

Brazil Property Specialist, Colordarcy have seen Brazilian property enquiries increase by 60%, since the Olympic announcement. The company has responded by launching a consultancy service to help clients to source the best real estate deals in Rio de Janeiro.

Loxley McKenzie, Chief Executive at Colordarcy – is predicting an annual increase of 20% per year until 2016.

Mortgages will soon be available to international buyers and this will create a further boost to Brazil’s property market.

Investment banking firm Goldman Sachs believes that Brazil’s economic growth could outstrip that of the other BRIC (Brazil, Russia, India and China) nations over the next few years.

Brazil’s economy is widely expected to become the fifth largest in the world by the time the Olympic Games kicks off in 2016, and yet property and land prices still remain a fraction of those found in more developed nations.

The Brazilian president Luiz Inacio Lula da Silva has already pledged to spend up to £11.5bn ($17.4bn) on building a million new homes in Brazil between now and 2011.

If you are looking to visit or relocate to Rio, RentinRio.com represents Rio de Janeiro’s highest quality apartments, flats, penthouses, and hotels.

Hot Spots: São Paulo, Brazil

November 13, 2009

brazil_sao_paulo_city_pracabandeira_south_americaSão Paulo is the largest city in Brazil, the chosen base for nearly 75% of all fairs and conventions held in the country. It is known throughout the country as the “business capital” and although this is technically a well-deserved title, it does not reveal all of the wonders that this great metropolis has to offer. São Paulo is known for its restaurants, intense nightlife, and busy artistic calendar. From the bar on the corner to the most refined restaurant in the Jardins districts, from the snack served over the counter to the famous pastas in Italian cantinas, from the hot dog to the most varied international menus – culinary options in São Paulo are varied, unbiased and completely cosmopolitan. As a starting point for your visit to São Paulo, there’s no place better than Paulista Avenue, one of the city’s famous landmarks. Home to nearly 30% of the São Paulo financial centre, it is one of the districts most loved by its residents. When it comes to entertainment and art, the city of São Paulo never fails to impress. It has nearly 300 cinemas, more than 100 theatres, a dozen cultural centers and 70 museums, and many diverse historical buildings. There are also theme parks, countless leisure areas, and two large stadiums. For those tourists who bring their need for speed on vacation, São Paulo also has the Interlagos Speedway, home of the city’s Formula 1 Grand Prix. In a city this size, shopping is not only part of the itinerary, but also one of the main attractions. With its countless shopping malls, streets with specialized commerce and arts and crafts fairs, the city guarantees options to suit every taste.

Rio Business Update: Growth on the Horizon

November 12, 2009

Rio De Janeiro Has ‘Biggest Concentration Of Billion Dollars In Investment Per Square Kilometer’

investments by sectorA recent investment study by FIRJAN of Brazil’s Rio de Janeiro found that the area is about to experience a massive influx business investment, one that could rival any other place in the world in terms of dollars per square kilometer.

Although the Olympics will obviously make a large contribution to the economy, it is not the main investor. Reports show that Rio will be driven by Petrobas investment.

The New York Times states: An August 2009 study, “Decision: Rio Investments 2010-2012,” published by the Rio de Janeiro State Federation of Industries, predicted that public and private investment would pump $60.3 billion into the state over the next three years, not counting the additional $14.2 billion budgeted for the 2016 Olympic Games.

“I would dare to say that, probably, we have the biggest concentration of billion dollars in investment per square kilometer in the world,” said Cristiano Prado, the author of the industry federation’s study. “And more will come together with the Olympic Games in the next years.”

If you are relocating to Rio as a result of a business investment and the growing economy, contact Rent in Rio to make your transition to life in Rio a comfortable and enjoyable one and find you an apartment you love.

More Oil Off the Coast of Brazil

Brazilian oil and gas company OGX Petroleo e Gas Participacoes SA (OGXP3.BR) went three-for-three in its drilling campaign Thursday, with another well showing signs of hydrocarbons off Brazil’s coast.

The independent driller said that its 1-OGX-2-RJS well in the BM-C-41 block showed the presence of hydrocarbons. That was OGX’s third discovery since October, a stunning success rate for an oil company that was started from scratch in 2006.

“This new evidence of hydrocarbons confirms the existence of an active prolific system in this area, and contributes to a better understanding of the geological attributes of the region,” OGX CEO Paulo Mendonca said in a statement.

Thursday’s discovery was OGX’s second successful well drilled in the Campos Basin, where more than 85% of Brazil’s crude oil is produced. brazil_oil_platform_petroba

In October, the Ocean Ambassador rig was responsible for finding the Vesuvio prospect. Consultants earlier this week pegged recoverable reserves at Vesuvio to be about 1.4 billion barrels of oil equivalent.

Vesuvio lies in the BM-C-43 block, but at shallower depths. The Ocean Ambassador rig operated in 140 meters of water at Vesuvio but the final well depth was 2,347 meters.

OGX also holds a 100% stake in the BM-C-43 block.

Also in October, OGX said its first-ever well tested positive for hydrocarbons. The 1-MRK-2-SPS well, dubbed Abacate-1, is in the BM-S-29 block.

The BM-S-29 block lies in the promising Santos Basin, off the coast of Rio de Janeiro and Sao Paulo states. Nearby blocks have recently yielded discoveries that have increased positive expectations for OGX’s drilling.

OGX holds a 65% interest in the BM-S-29 block, with partner and block operator Maersk Oil do Brasil Ltda. holding the remaining 35%.

The company’s bright outlook has caused it to review previous plans with an eye toward accelerating its already aggressive drilling campaign.

Earlier this week, OGX CFO Marcelo Torres said that the company will drill 79 wells over the next four years, up from previous plans for 51 wells. In 2010, OGX will drill 27 wells. Some 26 wells will be drilled offshore, with a single onshore well planned for recently acquired concessions in the Parnaiba Basin.



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Top South American Vacation Rental Websites

October 1, 2009

Hello and welcome to our blog! This space will be used to share information on travel to South America, especially to Rio de Janeiro.

Here are two of our favorite vacation rental websites for Rio!

www.RentInRio.com

www.riobeachapartments.com

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