Expanding Itaguaí is new darling of the brazilian property market: hotspot to buy now!

Rio – One of the fastest growing areas in the country, Itaguaí, just south of the city of Rio not only draws attention of investors, entrepreneurs and multinationals. The city is now also one of the darlings of the real estate market in the state of Rio.

“Itaguaí is an area of ​​expansion, and the Metropolitan Ring Road(Arco Metropolitano), will be a great opportunity in the housing market,” says the vice president of the Association of Directors of the Real Estate Market (Ademi), Ruben Vasconcelos.

According to a review of Ademi 1,392 units were launched in the region in 2011, against only 216 in 2010. The first large-scale real estate development in the new phase of expansion is the Fusion Work & Live , launched by João Fortes. In line with the concept that brings together housing, shopping and working in the same place, the complex has a residential area with services, apart-hotel rooms and shops.

Rio’s map with Itaguaí and the Metropolitan Arch Road of Rio de Janeiro

The different elements are split between residential Soho (with suites from 37 to 43 square meters, with services), Village and Madison (with two and three bedrooms from 61 to 75 square meters, but the roof duplex with 108 to 143 square meters) , Manhattan (apart-hotel with leisure pool, convention hall and restaurant) and Trend (with shops from 33 to 89 square feet and rooms with 23-37 square meters.)

Itaguaí got last month, in the Fiscal Management concept index by Firjan for being the only municipality of Rio to present good rating on all five indicators – such as good use of own resources and high investments in education and infrastructure – and received at least R$ 38 billion in investments in recent years.

With projects like the steel complex of ThyssenKrup CSA Atlantic Steel in partnership with Vale, the Super Port Sudoest, EBX Group of Eike Batista, the region unites in a radius of just over 500 kilometers productive agents responsible for approximately 70% of the brazilian Gross Domestic Product (GDP).

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Joe Cloud
Dutch, American, Brazilian... lived there for 5 years and owns property in Brazil. Out of the country for a few years now and would like to go back, however current circumstances tell me it's not the right time.