In 2009, 730.000 tourists attended carnaval, of which 20% foreigners, representing an extra spending of US$ 528 million during that week.
This year more than a million tourists are expected, of which 30% foreigners. The association of hotels in Rio (ABIH-RJ) announced that the occupation of hotels in Rio exceeds 95%. Flamengo and Centro have an occupancy of over 99% of the available rooms, Copacabana and Leme surpass 97% and Ipanema and Leblon are about 95% full.
During the June-July South African worldcup, 300.000 foreign visitors came to the whole of South Africa. In Rio, only on one week, 300.000 foreign visitors will attend carnaval. Putting things in perspective...
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Mar 5 2011
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Jan 30 2011
After the sucesfull completion of Moradas da Ilha en Casas Le Jardin in Florianopolis, Vinlanda launches Colinas do Mar in João Paulo, Florianopolis. Stylish contemporary houses in a priveleged neighbourhood 5km away from the center of Florianópolis.
Visit the website here.
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Aug 9 2009
On June 2nd, Vinlanda Assesoria, Incorporações & Projetos launched Inga Imperial, apartementos em Niteroi.
The project exists of 2 coberturas and 16 128m2 luxury apartments with only 2 apartments per floor. The location is exquisite: in the calm Dr. Pereira Nunes street, just one block away from the beach.
Two months after pre-launch, the 2 coberturas are sold, as well as 8 from the 16 apartments. Only 8 apartments are up for grab.
The average price of an apartment of 128 m2 is 460.000 R$, or 3.600 R$ per m2.
If you are looking for an apartmento em Niteroi, call Patrimovel and make an appointment for a visit.
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Apr 19 2009
Earlier in april the Wall Street Journal published an interactive graph summarising the eocnmical status of the G20 countries.
One of their graphs depicted the estimated government public debt as percentage of GDP. -
Apr 18 2009
Another great source of information on Brazil'seconomy is the Blog of Vitoria Saddi.
Until recently she was senior Latin American economist at RGE monitor; wise choose to mark your own pathy away from Roubini aka Vulva of Doom.
Keep up the good work, we're all reading you. -
Apr 18 2009
Since Emerging South and it's Linkedin Group started in 2007, we've seen serious traction in high-quality coverage of Emerging Markets. Traditional European media have missed the boat of providing in-depth economical analysis of Emerging Markets.
One of those not-to-miss sources is MyStockVoice of Paul Harper, who is also on Twitter. Juts check his last posting on Chinese officials getting nervous about the state of the US economy and his coverage on Brazil. -
Apr 13 2009
Quote from Toronto Star this weekend:
"While China and India will remain the largest (emerging-economy markets), Airbus forecasts that some 30 additional emerging economies, including Argentina, Brazil, South Africa and Vietnam, with a combined population of almost three billion people, will grow increasingly prominent by 2026." -
Mar 29 2009
As promised last week: an update from the real estate market in Rio de Janeiro.
Until september Brazil was completely outside the current market crisis. It took even until Oktober to see a very slight impact on the real estate prices. In the center, the prices had a small 10% dip in price in October. In Ipanema the prices dropped 3,9% in November. From November on prices rose again. Actually, from September until end February prices rose 30,8% in Rio de Janeiro center and 16% in Ipanema. Consider than that inflation is around 5% y/y (2,5% 6 months) and you have your net appreciation.
A 2 bedroom apartment (in Rio a 2 bedroom apartment is max 85m2, you need a 3 bedroom apartment to get to 95-115 m2) comes at an average price of (dived by 3 to get the prices in Euros):
Ipanema: 750.000 R$
Leblon: 860.000 R$
Lagoa: 885.000 R$ (Lagoa topped Leblon and Ipanema, different from 2004)
Jardim Botanico: 740.000 R$
The cheaper areas in zona sul are Botafo and Laranjeiras. Amazingly the average prices in Laranjeiras also rose to 560.000 R$.
I could dedicate an entire blog on the real estate market of Rio de Janeiro, one of the most interesting (and most complex) ones in the world.
Drop me a line for more insights. -
Mar 29 2009
When I came living in Brazil in 2003 the first big potential I notice was the country's ability to be self-sustaining.
Brazil has plenty of food (it's the second biggest food exporting country in the world), is self-sufficient in petrol, has 80% of it's electricity coming from renewable hydro-plants, has iron ores and exports steel, makes its own cars, is the biggest meat exporter in the world, exports clothes and shoes,...
It mainly is depending on natural gas (although that might change in the future) and machinery and electronics imports.
I know, the military tried that route in the 70/80s and failed, yet I believe that this crisis is so fundamental that increasing protectionism could be a good choice for Brazil in the long run. And I'm not alone, why else would Mandelons by screaming so loud to Brazil to never regard its frontiers as the boundary.
Yestedray George Soros warned that the UK might have to seek IMF rescue. Brazil still has the IMF rescue of the 90s fresh in its memory. This time they have nothing to do with the causes of this economical crisis and this time it's "the others" who are in trouble and having to seek IMF aid. Don't expect too much mercy and understanding of Brazil towards the "white people with the blue eyes".
This other article from Soros on the UK is also a must-read. -
Mar 25 2009
People asked me how the employment markt is fairing in Brazil. Below the most recent graphs from Globo.
It is crucial to understand two layers of duality here:
1. There is avery big dichotomy between the Northern and Southern States, the job losses of February are almost exclusively recorded in Northern States of Brazil (Amazonia, Rio Grande do Norte, Alagoas, Paraiba, Para). In Rio de Janeiro and Santa Catarina states respectively 5.480 and 5.647 people were contracted in February.
2. There is a big difference in industries. It is mainly the assembly sector and mining sectors which is slashing people. The services market has hired more than 57.000 people in February and also the construction industry had a net job increase in February.
Tomorrow some stats on the real estate market in Rio de Janeiro.
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