How can I purchase a LUXURY condominium in Rio de Janeiro?

Question

I've been traveling for several years to Rio de Janeiro and want to invest in a luxury condominium (around US$400,000) to use during my trips there and rent while I'm away. While I've looked all over the internet, I've found no companies that offer a true "luxury" condo for sale (imagine a property similar to a suite at a Ritz Carlton - plasma flatscreen TVs, marble flooring, beautiful bathrooms, etc.). It seems that "luxury" in Rio means a 13 inch Samsung TV and a tiled bathroom from the 1980s. Also, I'm looking for a credible firm (ideally one that owns multiple properties, rather than a single unit for sale) that offers title insurance. Any ideas on the best company to use to buy a luxury condominium in Ipanema or Copacabana?

Answer 1

As I read this question (and the posted answers) I got an increasing sense that this question is solely posted to advertise a particular company.  I could be wrong... but it just comes across that way.

By the way, luxorio sells to an English speaking clientele (just look at website).  Thus, you will be paying English-speaking clientele prices for what they are selling.  You are also getting a single apartment that has been renovated vs. an entire building that has been renovated or newly built, etc.  One look at their website quickly reveals that their are no pictures of the outside of the building, the lobby of the building, etc.  This may not matter to you... but it is something that I noticed anyway.  Maybe someday they'll post pictures that will include these other areas.

On a positive note (about luxorio), they have a beautiful website and the remodeling that they have done looks very contemporary and "upscale" if that's what you are looking for.  Even if the apartment is in an older building you may find that these apartments are worth $400k.  You could probably pay "local" prices and get something cheaper (and then renovate it yourself). But, that'd probably be filled with countless headaches if you are not familiar with this sort of thing, especially in Brazil.

If I were buying in Rio I'd definitely check out luxorio.  But, I'd also do my homework and not limit myself to a company that markets to a foreign (English speaking) clientele.  Maybe it's that I'm just wanting a good deal and I know that tourists/foreigners won't necessarily be getting the best deal typically.  Then again, if a company markets to foreigners they are probably better prepared to handle the more complex transaction of selling property to someone who lives outside of Brazil.

My two cents anyway.

Answer 2

Hello Thomas,

Best have a talk to my friend Magno in Ceara, northern Brazil, he knows everyone on the South side of the country, he is a very trustworthy lawyer and licenced  REAL ESTATE advisor and can put you in touch with the right people in Rio. I assume you speak Portuguese, anyway contact  [e-mail]   and  you can be on the first step towards that mangnificent condo in Copa!  good luck Thomas. Let me know how you get on by email,  I probably will call magno anyway !

Answer 3

i can help you, send me the money and i'll buy you a nice luxury apt anywhere in Rio that you like.  My name is Carlos Alberto Santos Hugo.  Please make the check out to C.A.S.H. its easier than writing my whole name.

Answer 4

This may not help, but hey I searched!

Answer 5

www.homehunters.com.br

Answer 6

I got to agree with ‘take me to the beach’...this same contrived conversation about luxorio started up on the Gringoes website forum...there is some good feedback there if anyone is interested in the subject...how to throw away a couple hundred grand...

Answer 7

Go to www.luxorio.com. Want my number also? :-) From: [e-mail]

Answer 8

goto this site http://www.ytbtravel.com/travelingdestin... you can check it out in there

Answer 9

There is a new luxury condo developer operating in Rio de Janeiro called LuxoRio Condominiums. They specialize in Copa, Ipanema, and Leblon, and I know they focus only on the high-end of the property market (luxury only). Their properties are the best in the city, and they have a web site at www.luxorio.com.

Good luck!