Marcelo Possato

Marcelo Possato

Staff Writer
The Brazil Business

Updated

10 Best Neighbourhoods To Live In Rio de Janeiro

Marcelo Possato

Marcelo Possato

Staff Writer
The Brazil Business

Updated

Rio de Janeiro is not only a city that attracts many tourists for its beauty and weather but also a place that provides excellent neighbourhoods, despite high real estate prices. This article highlights the best neighbourhoods in the city of Rio de Janeiro.

Overview

According to FipeZap, a research partnership between FIPE and Zap Imóveis, Rio de Janeiro has the highest real estates prices in the entire country. Properties in Rio have an average price per square meter of about BRL 10.000.

The beach and quality of life in Rio de Janeiro explains part of the real estate pricing. However, there are some neighbourhoods in Rio that offer more than this, justifying the expensive property prices.

Ranking of the 10 Best Neighbourhoods in Rio

The following list is based on FipeZap research of real estate pricing from 2014. The data was collected by FIPE, the Brazilian research institution, in association with Zap Imóveis, the most important classified real estate website in Brazil. About 60.000 adverts were used as a base to determine this ranking.

1.Leblon

Leblon is an upmarket district with the highest price per square meter in the whole city, due to its location, infrastructure, and reputation as a traditional neighbourhood. The best beaches in Rio are also located here. Properties in this area are extremely expensive and prices are continually rising. A 100m2 apartment, for instance, costs more than BRL 2.000.000.

Average price per square meter: BRL 22.712

2.Ipanema

Ipanema is a middle and upper class neighbourhood and is one of the best areas of Rio. Famous for its beaches, which are commonly visited by celebrities and tourists, the area offers brilliant infrastructure in terms of restaurants, bars and supermarkets. This area provides a great quality of life and from a cultural point of view it does not disappoint either. Ipanema has many theatres and cinemas scattered throughout the neighbuorhood.

Average price per square meter: BRL 20.341

3.Lagoa

Lagoa’s name is taken from the Lagoa Rodrigo de Freitas, a famous lake in Rio. The region has the 5th best HDI in Rio de Janeiro. An interesting aspect of this region is that it does not have a high population. A large part of the Lagoa neighbourhood is filled with parks and preservation areas which increases the quality of living in this area.

Average price per square meter: BRL 18.041

4.Gávea

This neighbourhood is a beautiful area of Rio and has a privileged location with views of Corcovado. The residents of Gavea have easy access to Leblon in the South, the Botanic Gardens in the North and to the Tijuca Forest in the West. The area is well known for its gastronomy and culture with many great restaurants, cultural attractions and cinemas.

Average price per square meter: BRL 17.844

5.Jardim Botânico

This neighbourhood is small and less populated which explains why it is a more exclusive area and a desired area to live. It is a very green and open area of the city. As Jardim Botânico is a relatively newly established neighbourhood in relation to the others it is predominantly new buildings.

Average price per square meter: BRL 16.661

6.Urca

Considered to be the safest neighbourhood in the city mostly due to the presence of the army barracks, Urca has practically no crime. This neighbourhood is composed of small buildings, large historic houses and army housing. The area also has many universities and institutes.

Average price per square meter: BRL 14.930

7.Leme

Leme is a predominately residential neighbourhood. Even though there are a few favelas within this neighbourhood, they are considered “pacified” as the police have settled a base inside the favelas. The area has passed through a recent process of verticalization.

Average price per square meter: BRL 14.651

8.Humaitá

Humaitá is an upmarket neighbourhood full of old and traditional houses, characteristic that set this area apart from the others. Located near Botafogo there are many bars, restaurants and stores that sells imported products.

Average price per square meter: BRL 14.428

9.Copacabana

Copacabana is considered one of the most renowned neighbourhoods in the world and also one of the most prestigious neighbourhoods in Brazil. The reason why it is so popular is its tradition of being a region with warm people. It is an upper-class area full of bars, restaurants, cinemas, malls, stores, bakeries, etc.

Average price per square meter: BRL 13.803

10.Botafogo

Botafogo is one of the most famous and sought after areas of the city, with Morro do Pão de Açúcar located in this neighbourhood. Quality of life and life expectation is high in this region which has a high population of elderly people. The area is located between the center and south regions of Rio.

Average price per square meter: BRL 13.203