São Paulo is a city situated in the South East of Brazil in the state of São Paulo. The city of São Paulo has the distinction of being the most populous city not only in Brazil, but in the Western and Northern Hemispheres. The city is known for its diverse culture and food and being the center of finance in South America. São Paulo boasts the largest economic GDP in the Southern Hemisphere. The São Paulo Stock Exchange and Paulista Avenue is a hub of economic activity. The city is known for its museums, nightlife, Ibirapuera Park, luxury restaurants.

Demographics

São Paulo is the most multicultural city in the entire country of Brazil. According to the last census, there are approximately 11,244,000 people residing in the city broken down into 60.6% White, multiracial people 30.5%, Black people 6.5%, Asian people 2.2%, and Amerindian people 0.2%. The Jewish colony is more than 60,000 people in São Paulo and is concentrated mainly in Higienópolis and Bom Retiro and São Paulo has more descendants of Italians than any other Italian city.

Housing Costs

  • Cost per square foot to buy in Sao Paulo city center: US $256.01
  • Cost per square foot to buy outside city center: US $172.11
  • Monthly rent 1 bedroom in Sao Paulo city center: US $509.91
  • Monthly rent 1 bedroom outside city center: US $348.19

Quality of Living Index

According to the Mercer Quality of Living index, Sao Paulo is ranked 122nd in the world for best cities to live in.

Corruption Index

The United States is ranked number 96 by the Transparency International Corruption Perception Index. The higher the rank, the less corrupt the country.

Cost Of Living

  • Cost of living per month for single person without rent: US $553.68
  • Cost of living per month for four-person family without rent: US $1,995.13
  • The minimum wage of Florida US $1.18

Top 5 Things to Do

  1. Ibirapuera Park
  2. São Paulo Museum of Art
  3. São Paulo Sé Cathedral
  4. Teatro Municipal
  5. Municipal Market of São Paulo

Top Neighborhoods

  1. Jardins
  2. Vila Nova Conceição
  3. Itaim Bibi

Education

Brazil’s educational options for pre-schoolers are optional up until the age of 6. Elementary school is mandatory starting at age 6 and is again optional at age 14. There are two stages called Ensino Fundamental and Ensino Fundamental II. There are 130 universities based in São Paulo which are either private or public. Secondary education is provided for by the government. According to the Brazil census, 43.3% of people aged 18–24 years in the metropolitan region of São Paulo had completed a high school education.

Healthcare

The average price for a visit to a primary care physician is US $120. There are several hospitals in and around Sao Paulo, and 2, in particular, are world renowned: Hospital Israelita Albert Einstein and Hospital Sírio Libanês.

Natural Resources

São Paulo is filled with natural resources such as Parques da Cantareira, Parque do, Jaraguá, Parque da Serra do Mar, Represa Billings, Represa Guarapiranga, Horto Florestal, etc.

Crime Rates

At the moment, although crime is a serious problem in Sao Paulo it is being reduced. The number of murders occurring in São Paulo, though still high per 100,000 has significantly decreased from the 35.7 per 100,000 in 1999. Kidnappings are still common.

Major Industries

For the last 100 years, São Paulo has been the main economic center of Latin America. Before World War 2, one of its main exports was coffee to the United States and Europe. However, since then the city has become a Mecca of business, investment, and finance with 100s of banks and Bloomberg having its South American Headquarters there. Sao Paulo is also a major tourist hub and due to its vast array of culture hosts millions of tourists a year.

Real Estate Investment

There is current political unrest in São Paulo due to the political volatility and increasing inequality between the city’s people. As of April of 2018, the price per square foot to buy an apartment in São Paulo’s city centre ranges from $213.78 to $374.12, at an average rate of $279.59. Many local residents have found cost of living to be difficult to afford. However, foreign investors have been taking this opportunity to buy property at this rate.

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Canadian Companies Driven by Gains in Brazilian Real Estate

The Northwest Healthcare Properties Real Estate Investment Trust (REIT) stands as the number one health care REIT in Canada with international investments. Importantly, the venerable company recently announced its Q1 2018 results. These showcased movement into the German real estate market, rebranding within Australia and Asia and new investments in health care.

Is Brazilian Real Estate a Place for Deep Value Investing?

Brazil certainly has the ear of the international investment community today. However, most investors are looking for long term and short term investments, not the next hot thing. Should the corruption in Brazil and the inherent risk of an emerging economy keep retail investors away? Not everyone has the money to make a million dollar mistake.

The World Cup is Here: What to Expect of Russian Real Estate (Part I)

This is what we have all been waiting for: The World Cup is finally here! Beyond the fanaticism and excitement, however, there are plenty of politics, and economics, behind the World Cup 2018 in Russia. 

Countries vie for the World Cup because they all believe it will be an opportunity to boost their economies. However, this is not always the case. Much like the Olympics, the World Cup can cause a country to overproduce new infrastructure. After the event, the leftover real estate could become a burden, unless the country has the political and economic framework to maximize these investments. 

International Real Estate . News 2018 FIFA World Cup in Russia - Does It Impact the Real Estate of the Country?

2018 FIFA World Cup in Russia – Does It Impact the Real Estate of the Country?

International sporting events are usually an economic boon to the host municipality. People rent accommodations and transportation, purchase concessions and souvenirs. They interact with the daily economy in a generally positive way. These short term economic boosts can move into longer-term trends in real estate. Only if the country has the proper political and financial infrastructure to support such a move.