IBOV 178,721.76 ▲ 0.73% IPSA 11,315.26 ▼ 1.14% IPC MEX 65,430.32 ▼ 0.08% MERVAL 3,070,880 ▲ 1.22% COLCAP 2,467.03 ▲ 1.73% BVL PERÚ 59,450.29 ▲ 0.04% USD/BRL5.14▼ 0.79% USD/MXN16.95▼ 0.24% USD/CLP936.20▲ 0.21% USD/COP3,192▼ 0.31% USD/PEN3.36▼ 0.08% USD/ARS1,512▲ 0.18% USD/UYU40.24▲ 0.68% USD/PYG5,873▲ 0.47% USD/BOB12.08▲ 3.98% USD/DOP58.56▲ 0.38% USD/CRC446.47▲ 1.09% USD/GTQ7.62▲ 1.63% USD/HNL26.84▲ 1.11% USD/NIO36.62▲ 0.14% USD/VES796.33▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD 157.28 — 0.00% USD/TTD6.69▼ 0.06% EUR/BRL5.96▼ 0.76% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73% IBOV 178,721.76 ▲ 0.73% IPSA 11,315.26 ▼ 1.14% IPC MEX 65,430.32 ▼ 0.08% MERVAL 3,070,880 ▲ 1.22% COLCAP 2,467.03 ▲ 1.73% BVL PERÚ 59,450.29 ▲ 0.04% USD/BRL 5.16 ▲ 0.01% USD/MXN 17.06 ▼ 0.24% USD/CLP 913.98 ▲ 0.04% USD/COP 3,140 ▲ 0.03% USD/PEN 3.36 ▼ 0.66% USD/ARS 1,493 ▲ 0.10% USD/UYU 40.27 ▲ 1.24% USD/PYG 5,939 ▲ 1.68% USD/BOB 11.64 ▼ 0.76% USD/DOP 58.34 ▲ 1.25% USD/CRC 445.92 ▲ 0.89% USD/GTQ 7.62 ▲ 2.21% USD/HNL 26.79 ▲ 1.57% USD/NIO 36.62 ▲ 0.69% USD/VES 762.44 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.28 — 0.00% USD/TTD 6.70 ▲ 0.61% EUR/BRL 5.95 ▲ 1.01% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73%
since 2009
Tuesday, September 1, 2026

Life & Society Real Estate

Botafogo: Royal Past, Bright Future

By · May 4, 2010 · 3 min read

Daily Brief

The morning intel from across Latin America. Free.

By subscribing you agree to our privacy policy. We never share your email.

By Jaylan Boyle, Senior Contributing Reporter

RIO DE JANEIRO – Beneath the palm-fringed beach stereotype that most visitors to Rio have, there is a bustling city that functions like any other major metropolis, and suburbs like Botafogo do more than their glamorous neighbors to reflect this reality.

The Consulado de Portugal building on Rua São Clemente, photo by Jaylan Boyle.
One-stop reference
Company Intelligence
Every listed company in Latin America — financials, ownership and structure for 1,450+ companies across 26 exchanges, in one place.
Browse the directory →
RT
Ask Rio Times
17 years of Latin America reporting, on demand.
Open the full Ask Rio Times →

This doesn’t mean you should expect a cookie-cutter utilitarian look: like nearly everywhere else in this city, the grandeur of Rio’s past is not hard to find or admire. If colonial architecture is your thing, then Botafogo delivers, along with a bustling commercial hub.

Its geography lends the neighborhood a degree of isolation from the rest of the inner city, although tell that to commuters crawling through traffic on Ruas São Clemente or Voluntários da Pátria. Sandwiched between several mountains separating it from Laranjeiras and Copacabana, the area looks like a tantalizingly brief stroll to the beach, unless you’ve got a topographical map in front of you.

Botafogo got off to an early lead in Rio’s history. Named after the Portuguese settler João Pereira ‘Botafogo’ de Souza, whose nickname means ‘to set on fire’, the future of the neighborhood was assured in the early 1800s with the arrival of the Portuguese royal court.

When Dom João VI’s wife Carlota Joaquina requested a country villa there, the area naturally became a focus for those seeking to ingratiate themselves, and mansions mushroomed. A legacy of this burst of affluence are the many museums and galleries that are now housed in these grandiose old buildings.

Botafogo comprises the area surrounding the one-way arteries Rua Voluntários da Pátria and Rua São Clemente, with Humaita and the lake at one end and Praia Botafogo at the other. You won’t find many beach-goers on this stretch of sand unfortunately, as the beach has a reputation for pollution and a degree of petty crime. Praia Botafogo is most known for the massive mall across the street, Praia Botafogo Shopping.

Looking down one of Botafogo's main thoroughfares, Rua Voluntários da Pátria, photo by Jaylan Boyle.

For entertainment, Botafogo caters to a broad spectrum. There’s no shortage of neighborhood bars where everybody knows your name, and music lovers are looked after at spots like Cinematheque at the beach end of Voluntários da Pátria, or Casa Matriz and Pista 3’s sweaty dance floors.

The sophisticated jet-setter looking to impress might consider a trip to Champagneria on Rua Bambina for a bottle of bubbly. This place wouldn’t seem out of place in London’s Soho, though prices are much more in line with the locale. Also, Joaquina’s restaurant is a great choice for sophisticated dining, one of Rio’s finest reasonable eateries with a very diverse menu.

Botafogo has a reputation for some of the finest schools in Rio, including arguably the city’s most prestigious, the British School of Rio de Janeiro. The many specialist medical clinics means high quality health care, and travel is not a problem thanks to a Metro station and buses in every direction.

While it’s considered one of Rio’s more affluent suburbs, in Botafogo, like much of Rio, the rich rub shoulders with the less advantaged. The Dona Marta favela has in the past attracted it’s fair share of negative headlines, but recent efforts to remove the drug cartels have helped to create a community that is frequently referenced as a demonstration of what is possible to achieve in the favelas.

As Sérgio Amaral of Ética real estate explains, “(With) the programs of pacification of the poorest areas and the support of federal and state government, these regions have changed and values of the properties located around these areas recovered by 20 percent”.

BOTOFOGO REAL ESTATE PRICE GUIDE: (figures courtesy of Ética)
————
Apartments for sale:
1 BR: R$100,000 – R$800,000, average R$200,000 – R$400,000
2 BR: R$150,000 – R$1 million, average R$300,000 – R$800,000
3 BR: R$300,000 – R$3 million, average R$400,000 – R$1 million
or R$5,000 – R$8,000/m2

Apartments to rent:
1 BR: R$500 -R$2,000/month, average R$1,000
2 BR: R$1,200 – R$5,000/month, average R$2000 – R$4,000
3 BR: R$2,000 – R$8,000/month, average R$3,000 – R$5,000

Read More from The Rio Times

The Rio Times · Power Map
See who really holds power in Latin America
Click to open the Power Map

Rotate for Best Experience

This report is optimized for landscape viewing. Rotate your phone for the full experience.