General Overview on Land Investing in Rio

Located in the south east region of Brazil, is a state named Rio de Janeiro that has with a motto “conduct the affairs of the public with righteousness”. Occupying a total area of 43,653 km², Rio de Janeiro has a city capital with the same name.

Rio de Janeiro remains the number one tourist destination. Rio de Janeiro’s most prominent regions are Rio de Janeiro City, São Gonçalo, Nova Iguaçu, Niterói, Campos dos Goytacazes, Duque de Caxias, São João de Meriti, Petrópolis and Volta Redonda. The state contains some of the most valuable real estate and land in Latin America particularly in Rio de Janeiro city.

While the state is established in 1565, Rio de Janeiro’s development commenced in the 17th century with the export of sugar cane, cattle and gold to surrounding areas. In 1763, the state became the headquarters of colonial Brazil which was shortly followed by the first bank of the country, which is the basis of a media industry, educational establishments, transportation routes, and several other infrastructural developments. From 1834-1960, the city was named the capital until this was changed to Brasília, which was chosen due to its more central location in the country.

Today the state’s economy lies in industry with over 50 percent, closely followed by tertiary services and agriculture. International attention poured to the region when the discovery of the Tupi in 2006 and Jupiter in 2008 oil fields were formally announced – with more findings being expected. As a result, Rio de Janeiro state is now the largest producer of petroleum and gas in Brazil. Compared to the world average production increase of 22 percent for a decade, the oil production of Rio de Janeiro has grown 95 percent, advancing Rio de Janeiro up the global league table in terms of production. The local economy also continues to from taxation benefit offsets and production royalties as well as the arrival of domestic and international corporations attracted to the increased wealth opportunities that oil brings. As well as petroleum, primary exports include other fuels as well as chemicals, textiles, metals, glass, processed fish, glass, dairy products, coffee, the Brazilian rum cachaca, livestock, cement and vehicles.

The state is made up of numerous municipal regions, each with a varied history from the times of indigenous occupation, through colonisation and the present day. Overflowing with history, architecture and culture, the state offers very attractive features to both the tourist and investor. There are many universities throughout the state, with hundreds of campuses in the various municipalities, offering courses in everything from agricultural studies to computer science and high technology.

As with most regions in the world with such vast areas and many cities, Rio de Janeiro state has a diverse population and standards of living depending on the area or municipality. The larger and more prosperous cities attract citizens from all over the state and country, many seeking well-paid employment or a better life than in their rural towns and villages, but not holding the relevant experience or qualifications. Because of this, the slums called favelas have formed especially in the city of Rio de Janeiro which, while decreasing as the wealth of the country ameliorates, should be carefully observed when investing in land and real estate.

The state continues to be a beautiful and vibrant region of Brazil – particularly its beautiful coast, many lagoons and vast conservation areas. One of the most exciting and looked-forward-to events of the year is the Rio de Janeiro carnival which is world famous for being the greatest, most colourful and ear-pleasing festival in the world. The metropolitan areas have also become increasingly appealing for the real estate and land investor – offering all the excitement and infrastructure expected, but with many sights of natural beauty.

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