International hospitality from Iceland to Bosnia
São Paulo has a domestic airport, Congonhas, where it is easy to hop on regional flights around the country. It is less than an hour’s flight to Rio de Janeiro. Guarulhos, the international airport, is about 30 miles north of the city. Flights to New York take 10 hours, while London is about an 11 hour flight away.
While house sales slowed in 2011, there is still great demand for certain types of real estate. “The price of available land is very high,” said Bernardes. “There are also many bureaucratic hurdles to get projects approved.” Some new high rises have three- and four-bedroom apartments to appeal to families, but many developers are also pushing two-bedroom apartments to appeal to singles and young couples. After a brief drop in 2011, the real estate market is white hot again, with an 18.8% jump in house prices between January and July 2012. Fuelled by foreign and domestic investment pouring in due to Brazil hosting the 2014 World Cup and 2016 Summer Olympics, some fear that housing is overvalued and Brazil is now entering a property market bubble.
Until recently, the residential rental demand outpaced supply, but that is changing, according to Bernardes. A one- or two-bedroom apartment goes for anywhere from 700 to 1,000 reais a month, while a three-bedroom apartment rents for 1,000 to 1,500 reais.
The Rio Times: English-language newspaper covering news in Rio de Janeiro, São Paulo and the rest of Brazil
Gringoes: Resource site for expats, includes forums and classified ads
Discovering São Paulo: a British expat blogs about the perks and quirks of life in the city