Mexico, Latin America’s No. 2 most populous country and the region’s second-biggest economy, has traditionally been able to take solace in having a higher per-capita income than its bigger cousin, Brazil.
But that may have changed, based on gross domestic product data recently released by each country, as the South American economy benefits from faster economic growth and its currency strengthens. GDP per capita reached $10,814 in 2010.
The annual cost of renting a square foot of prime office space in the Brazilian city rose 47 percent last year to $120, or $5 more than in Midtown Manhattan. Rio de Janeiro advanced to fourth from 13th in a global ranking of prime office markets, coming after Hong Kong, London and Tokyo, Cushman said.
“Very high demand and a lack of supply” powered the gains in Brazil’s second-largest city. London prime rents rose 27 percent last year to $233 a square foot, the Cushman study showed. That contrasts with an average of 1 percent growth across Europe. New York advanced to fifth in the global ranking from sixth a year ago after prime rental costs in Midtown Manhattan rose 10 percent to $115 a square foot, Cushman said.
Brazil is on the way to becoming Google Inc’s sixth-largest global market, Chief Executive Eric Schmidt said on Friday as the company opens new offices in the fast-growing Latin American region. The world’s No. 1 Internet search company saw its revenue in the region surge last year on the back of brisk economic growth, showing growth of 50 percent to 100 percent last year.
“That means you’re almost doubling (revenue) every year,” Schmidt told Reuters in the company’s offices in Buenos Aires. “That’s a lot due to the effect of the economic recovery from a global recession, but also to the development of broadband and the development of the electronic commerce.”
Latin America accounts for 2 percent to 3 percent of the California-based company’s revenue, which totaled $29.3 billion last year, mostly from its business in the United States and Europe. But Schmidt said the region’s relatively modest share should grow fast. ”It will become a much larger percentage very quickly. Brazil is, for example, already on its way to becoming our sixth-largest country in revenue,” he said
Brazil received 5 million tourists in 2007. that number went up to 5,7 million in 2009, toppiing India and putting Brazil in the league of Indonesia when it comes to tourism.
The true tourism potential of Brazil remains however untapped, it can easily compete with South Africa (9,1 million tourists a year).
Last week, the Brazilian Ministry of Tourism launched the Aquarela 2020 plan, for promotion of Brazil abroad. By the end of this decade, the country hopes to attract 11,1 million visitors. Brazil wants to increase the inflow of funds coming from foreign tourists by 304%, to US$ 17,6 billion US$ in 2020.
A crucial reality check to check to which extent real estate selling prices are real is to keep an eye on the rent versus selling prices index.
We checked today the rental prices evolution of the last 6 months in Ipanema, Leblon and Lagoa in Zona Sul. We are not talking bout temporary rental, but long-term local rental prices.
On average, rental prices went up by 18%, the last 6 months, that is 36% on a yearly basis.
The medium monthly rental price for a 3 bedroom appartment is now:
Ipanema: R$ 5.534 (2.128 €)
Lagoa: R$ 3.671 (1.411 €)
Leblon: R$ 5.240 (2.015 €)
By way of comparison, medium selling prices for a 3 bedroom appartment are now:
Ipanema: R$ 967.000
Lagoa: R$ 875.230
Leblon: R$ 1.148.624
2 more months to go and we will know who will host the Olympics in 2016. Officially Tokyo, Madrid, Chicago and Rio de Janeiro are still in the running, but it became clear the last months that the battle is between Chicago and Rio. If you do some research, you’ll realize to which extent the decission between Chicago and Rio de Janeiro is of an unseen geopolical dimension.
Chicago has lost some ground lately because of the politcal games that the USOC (United States Olympic Committee) is playing. Also, Chicago is virtually bankrupt and many citizens of the town are opposing against money being spend on organizing the Olympics.
The news agency AFP reported last week that Rio made huge advances since IOC member Carloz Nuzman made a “passionate and effective” presentation to the European Olympic Committee in Istanbul last November. Aided to a large part by Brazilian president Luis Ignacio Lula da Silva, they have built on that steadily and, reports AFP, with apparently a vibrant economy and the funds in place they are ready to meet all the requirements of the IOC.
The real decission will be in the hands of the Belgian IOC president Jacques Rogge. Rogge leaves office in 2013 and he really wants to leave a legacy. The man succeeded with Beijing hosting a succesful games despite universal scepticism. What better legacy could Rogge leave than seeing South America win the right to host the Games for the first time.
Uma vida prática e com muito estilo, é o que o empreendimento Le Jardin tem a oferecer a você e sua família. São três casas independentes cercadas pelo verde em um dos bairros com mais qualidade de vida de Florianópolis.
O empreendimento Moradas da Ilha, oferece a oportunidade única de morar em casas cercadas pelo verde em um dos bairros com mais qualidade de vida de Florianópolis.
