IBOV 176,090 ▲ 0.20% IPSA 10,928 ▲ 0.16% IPC MEX 66,659 ▲ 1.04% MERVAL 3,233,513 ▼ 0.06% COLCAP 2,296.67 ▼ 0.48% BVL PERÚ 56,428.20 ▲ 1.50% USD/BRL5.07▼ 1.27% USD/MXN17.43▼ 0.56% USD/CLP923.83▼ 0.97% USD/COP3,252▼ 0.33% USD/PEN3.39▼ 0.67% USD/ARS1,473▼ 0.67% USD/UYU40.23▲ 0.99% USD/PYG6,039▲ 1.12% USD/BOB10.35▲ 6.04% USD/DOP58.34▲ 0.44% USD/CRC448.93▲ 1.31% USD/GTQ7.62▲ 2.07% USD/HNL26.73▲ 1.38% USD/NIO36.62▲ 0.63% USD/VES722.19▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD156.98▲ 0.25% USD/TTD6.75▲ 1.19% EUR/BRL5.79▼ 0.45% BRENT 84.67 ▲ 1.64% WTI 79.07 ▲ 1.19% IRON ORE 161.91 — — COPPER 6.37 ▲ 2.17% GOLD 4,063 ▲ 1.66% SILVER 58.99 ▲ 2.35% SOY 1,192 ▼ 0.83% CORN 460.50 ▲ 5.20% WHEAT 645.25 ▲ 2.91% COFFEE 324.30 ▼ 5.01% SUGAR 14.92 ▲ 1.15% ORANGE JUICE 138.15 ▼ 3.09% COTTON 81.68 ▲ 2.32% COCOA 5,916 ▲ 3.86% BEEF 231.73 ▼ 1.28% CATTLE 348.85 ▼ 1.55% LITHIUM 71.31 ▲ 1.52% PETR4 40.74 ▲ 0.20% VALE3 74.03 ▲ 1.62% ITUB4 43.45 ▼ 0.16% BBDC4 18.55 ▼ 1.17% ABEV3 15.85 ▲ 0.13% BBAS3 20.52 ▲ 1.38% B3SA3 15.32 ▲ 1.32% WEGE3 44.21 ▼ 0.41% PRIO3 57.00 ▼ 0.35% SUZB3 41.25 ▼ 0.58% RENT3 40.36 ▲ 0.40% AZZA3 18.78 ▼ 2.29% CSAN3 3.88 ▼ 0.51% RAIZ4 0.32 ▼ 3.03% PCAR3 2.48 ▼ 4.25% GMAT3 3.95 ▲ 0.25% PSSA3 54.18 ▲ 0.26% CVCB3 1.27 ▲ 1.60% POSI3 3.94 ▼ 1.25% SLCE3 13.72 ▼ 1.08% NATU3 8.51 ▼ 1.05% BRKM5 6.65 ▼ 4.18% RANI3 8.02 ▲ 0.88% CSNA3 5.13 ▼ 2.10% CMIN3 5.19 ▼ 4.77% USIM5 8.30 ▼ 0.95% GGBR4 23.17 ▲ 1.53% ENEV3 26.79 ▼ 0.33% CPFE3 47.20 ▲ 0.77% CMIG4 11.12 ▲ 0.45% EQTL3 40.68 ▲ 1.17% LREN3 14.13 ▼ 0.14% VIVT3 35.41 ▲ 1.96% RAIL3 14.13 ▲ 0.14% KLABIN 17.38 ▼ 0.57% RAIA DROGASIL 18.37 ▲ 0.93% RDOR3 35.56 — 0.00% HAPV3 10.64 ▲ 1.72% FLRY3 16.31 ▲ 0.99% SMTO3 16.15 ▼ 1.34% UGPA3 29.96 ▼ 3.14% VBBR3 32.87 ▲ 0.34% BBSE3 40.18 ▼ 0.25% BPAC11 57.90 ▲ 0.66% CURY3 32.76 ▼ 1.09% AERI3 2.08 — 0.00% VIVARA 23.34 ▲ 1.00% COMPASS 25.13 ▲ 1.45% VAMOS 3.04 ▲ 0.66% SANB11 27.33 ▼ 0.15% ASAI3 8.64 ▼ 0.80% SBSP3 30.33 ▼ 0.13% WALMEX 49.65 — 0.00% GMEXICO 200.35 ▲ 2.43% FEMSA 233.35 ▲ 3.55% CEMEX 22.18 ▲ 1.84% GFNORTE 187.14 ▲ 2.78% BIMBO 56.68 ▲ 1.45% TELEVISA 9.51 ▼ 1.04% AMX 22.87 ▲ 1.24% GAP 387.02 ▼ 5.19% ASUR 277.52 ▼ 0.41% OMA 233.60 ▲ 0.12% KOF 182.19 ▲ 0.51% GRUMA 282.80 ▲ 0.51% KIMBER 38.37 ▲ 0.39% SQM-B 67,640 ▲ 0.64% COPEC 6,067 ▲ 0.16% BSANTANDER 78.80 ▲ 0.77% FALABELLA 5,925 ▲ 0.34% ENELAM 85.24 ▲ 1.24% CENCOSUD 2,057 ▲ 0.83% CMPC 1,078 — 0.00% BANCO CHILE 188.20 ▲ 1.73% LATAM AIR 24.81 ▼ 0.36% YPF 77,275 ▲ 0.13% GGAL 8,020 ▼ 0.74% PAMPA 5,200 ▼ 0.48% TXAR 662.00 ▼ 0.38% ALUAR 959.00 ▼ 0.57% TGS 9,710 ▲ 1.46% CEPU 2,309 ▼ 0.43% MIRGOR 16,800 ▼ 1.18% COME 45.22 ▲ 0.98% LOMA NEGRA 3,560 ▲ 1.79% BYMA 303.50 ▼ 1.54% TELECOM ARG 4,283 ▲ 0.76% ECOPETROL 16.03 ▲ 0.91% BANCOLOMBIA 81.65 ▲ 1.53% GRUPO AVAL 4.93 ▲ 0.41% CREDICORP 390.45 ▲ 0.32% SOUTHERN COPPER 179.80 ▲ 3.02% BUENAVENTURA 30.61 ▲ 2.65% MERCADOLIBRE 1,873 ▲ 0.30% NUBANK 14.02 ▲ 2.52% XP 16.78 ▲ 2.47% PAGSEGURO 9.24 ▼ 0.48% STONE 11.22 ▲ 0.63% GLOBANT 31.65 ▼ 1.46% TECNOGLASS 43.27 ▲ 1.00% GAP AIRPORT 222.22 ▼ 4.53% ASUR 277.52 ▼ 0.41% OMA AIRPORT 107.37 ▲ 1.17% AMX ADR 26.19 ▲ 0.61% FEMSA ADR 134.05 ▲ 3.91% CEMEX ADR 12.73 ▲ 2.25% PETROBRAS ADR 17.95 ▲ 0.36% VALE ADR 14.57 ▲ 2.72% ITAU ADR 8.56 ▲ 1.00% SANTANDER BR 5.41 ▲ 1.03% AMBEV ADR 3.10 ▲ 1.31% CSN 1.02 ▼ 1.46% GERDAU 4.58 ▲ 2.00% LATAM ADR 53.67 ▲ 0.64% BTC 64,445 ▲ 3.54% ETH 1,865 ▲ 5.15% SOL 76.91 ▲ 2.74% XRP 1.10 ▲ 3.21% BNB 579.12 ▲ 2.20% ADA 0.16 ▲ 4.31% DOGE 0.07 ▲ 3.35% AVAX 6.63 ▲ 2.88% LINK 8.24 ▲ 4.63% DOT 0.85 ▲ 1.85% LTC 44.48 ▲ 2.28% BCH 237.03 ▲ 0.34% TRX 0.33 ▲ 0.33% XLM 0.18 ▲ 1.85% HBAR 0.07 ▲ 0.45% NEAR 2.03 ▲ 5.96% ATOM 1.55 ▲ 1.17% AAVE 99.28 ▲ 5.21% SELIC 14.25% EMBRAER 82.92 ▼ 0.11% EMBRAER ADR 65.34 ▲ 1.33% JBS 11.80 — 0.00% JBS BDR 59.89 ▼ 1.19% MBRF3 16.10 ▲ 2.42% MBRFY 3.10 ▲ 1.64% INTER 5.67 ▲ 0.27% EGX 52,299 ▼ 0.59% USD/ZAR16.37▼ 0.64% USD/NGN1,381▲ 0.07% NIKKEI 67,744 ▲ 0.74% CSI300 4,797 ▲ 2.15% HSI 24,341 ▲ 0.52% NIFTY 24,052 ▼ 0.66% KOSPI 6,857 ▲ 0.73% JCI 6,040 ▲ 0.03% USD/JPY162.20▼ 0.15% USD/CNY6.76▼ 0.31% DAX 25,147 ▲ 0.13% CAC 8,367 ▲ 0.03% FTSE 10,529 ▲ 0.30% MIB 52,863 ▲ 0.10% IBEX 19,357 ▲ 0.11% STOXX 642.10 ▲ 0.17% EUR/USD1.14▲ 0.38% GBP/USD1.34▼ 0.10% SPX 7,545 ▲ 0.39% DJI 52,423 ▼ 0.14% NDX 29,621 ▲ 1.22% RUT 2,968 ▲ 0.50% TSX 35,322 ▲ 0.20% VIX 16.50 ▼ 3.85% USD/CAD1.41▼ 0.60% US10Y 4.5830 ▼ 0.56% IBOV 176,090 ▲ 0.20% IPSA 10,928 ▲ 0.16% IPC MEX 66,659 ▲ 1.04% MERVAL 3,233,513 ▼ 0.06% COLCAP 2,296.67 ▼ 0.48% BVL PERÚ 56,428.20 ▲ 1.50% USD/BRL 5.07 ▼ 1.27% USD/MXN 17.43 ▼ 0.56% USD/CLP 923.83 ▼ 0.97% USD/COP 3,252 ▼ 0.33% USD/PEN 3.39 ▼ 0.67% USD/ARS 1,473 ▼ 0.67% USD/UYU 40.23 ▲ 0.99% USD/PYG 6,039 ▲ 1.12% USD/BOB 10.35 ▲ 6.04% USD/DOP 58.34 ▲ 0.44% USD/CRC 448.93 ▲ 1.31% USD/GTQ 7.62 ▲ 2.07% USD/HNL 26.73 ▲ 1.38% USD/NIO 36.62 ▲ 0.63% USD/VES 722.19 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 156.98 ▲ 0.25% USD/TTD 6.75 ▲ 1.19% EUR/BRL 5.79 ▼ 0.45% BRENT 84.67 ▲ 1.64% WTI 79.07 ▲ 1.19% IRON ORE 161.91 — — COPPER 6.37 ▲ 2.17% GOLD 4,063 ▲ 1.66% SILVER 58.99 ▲ 2.35% SOY 1,192 ▼ 0.83% CORN 460.50 ▲ 5.20% WHEAT 645.25 ▲ 2.91% COFFEE 324.30 ▼ 5.01% SUGAR 14.92 ▲ 1.15% ORANGE JUICE 138.15 ▼ 3.09% COTTON 81.68 ▲ 2.32% COCOA 5,916 ▲ 3.86% BEEF 231.73 ▼ 1.28% CATTLE 348.85 ▼ 1.55% LITHIUM 71.31 ▲ 1.52% PETR4 40.74 ▲ 0.20% VALE3 74.03 ▲ 1.62% ITUB4 43.45 ▼ 0.16% BBDC4 18.55 ▼ 1.17% ABEV3 15.85 ▲ 0.13% BBAS3 20.52 ▲ 1.38% B3SA3 15.32 ▲ 1.32% WEGE3 44.21 ▼ 0.41% PRIO3 57.00 ▼ 0.35% SUZB3 41.25 ▼ 0.58% RENT3 40.36 ▲ 0.40% AZZA3 18.78 ▼ 2.29% CSAN3 3.88 ▼ 0.51% RAIZ4 0.32 ▼ 3.03% PCAR3 2.48 ▼ 4.25% GMAT3 3.95 ▲ 0.25% PSSA3 54.18 ▲ 0.26% CVCB3 1.27 ▲ 1.60% POSI3 3.94 ▼ 1.25% SLCE3 13.72 ▼ 1.08% NATU3 8.51 ▼ 1.05% BRKM5 6.65 ▼ 4.18% RANI3 8.02 ▲ 0.88% CSNA3 5.13 ▼ 2.10% CMIN3 5.19 ▼ 4.77% USIM5 8.30 ▼ 0.95% GGBR4 23.17 ▲ 1.53% ENEV3 26.79 ▼ 0.33% CPFE3 47.20 ▲ 0.77% CMIG4 11.12 ▲ 0.45% EQTL3 40.68 ▲ 1.17% LREN3 14.13 ▼ 0.14% VIVT3 35.41 ▲ 1.96% RAIL3 14.13 ▲ 0.14% KLABIN 17.38 ▼ 0.57% RAIA DROGASIL 18.37 ▲ 0.93% RDOR3 35.56 — 0.00% HAPV3 10.64 ▲ 1.72% FLRY3 16.31 ▲ 0.99% SMTO3 16.15 ▼ 1.34% UGPA3 29.96 ▼ 3.14% VBBR3 32.87 ▲ 0.34% BBSE3 40.18 ▼ 0.25% BPAC11 57.90 ▲ 0.66% CURY3 32.76 ▼ 1.09% AERI3 2.08 — 0.00% VIVARA 23.34 ▲ 1.00% COMPASS 25.13 ▲ 1.45% VAMOS 3.04 ▲ 0.66% SANB11 27.33 ▼ 0.15% ASAI3 8.64 ▼ 0.80% SBSP3 30.33 ▼ 0.13% WALMEX 49.65 — 0.00% GMEXICO 200.35 ▲ 2.43% FEMSA 233.35 ▲ 3.55% CEMEX 22.18 ▲ 1.84% GFNORTE 187.14 ▲ 2.78% BIMBO 56.68 ▲ 1.45% TELEVISA 9.51 ▼ 1.04% AMX 22.87 ▲ 1.24% GAP 387.02 ▼ 5.19% ASUR 277.52 ▼ 0.41% OMA 233.60 ▲ 0.12% KOF 182.19 ▲ 0.51% GRUMA 282.80 ▲ 0.51% KIMBER 38.37 ▲ 0.39% SQM-B 67,640 ▲ 0.64% COPEC 6,067 ▲ 0.16% BSANTANDER 78.80 ▲ 0.77% FALABELLA 5,925 ▲ 0.34% ENELAM 85.24 ▲ 1.24% CENCOSUD 2,057 ▲ 0.83% CMPC 1,078 — 0.00% BANCO CHILE 188.20 ▲ 1.73% LATAM AIR 24.81 ▼ 0.36% YPF 77,275 ▲ 0.13% GGAL 8,020 ▼ 0.74% PAMPA 5,200 ▼ 0.48% TXAR 662.00 ▼ 0.38% ALUAR 959.00 ▼ 0.57% TGS 9,710 ▲ 1.46% CEPU 2,309 ▼ 0.43% MIRGOR 16,800 ▼ 1.18% COME 45.22 ▲ 0.98% LOMA NEGRA 3,560 ▲ 1.79% BYMA 303.50 ▼ 1.54% TELECOM ARG 4,283 ▲ 0.76% ECOPETROL 16.03 ▲ 0.91% BANCOLOMBIA 81.65 ▲ 1.53% GRUPO AVAL 4.93 ▲ 0.41% CREDICORP 390.45 ▲ 0.32% SOUTHERN COPPER 179.80 ▲ 3.02% BUENAVENTURA 30.61 ▲ 2.65% MERCADOLIBRE 1,873 ▲ 0.30% NUBANK 14.02 ▲ 2.52% XP 16.78 ▲ 2.47% PAGSEGURO 9.24 ▼ 0.48% STONE 11.22 ▲ 0.63% GLOBANT 31.65 ▼ 1.46% TECNOGLASS 43.27 ▲ 1.00% GAP AIRPORT 222.22 ▼ 4.53% ASUR 277.52 ▼ 0.41% OMA AIRPORT 107.37 ▲ 1.17% AMX ADR 26.19 ▲ 0.61% FEMSA ADR 134.05 ▲ 3.91% CEMEX ADR 12.73 ▲ 2.25% PETROBRAS ADR 17.95 ▲ 0.36% VALE ADR 14.57 ▲ 2.72% ITAU ADR 8.56 ▲ 1.00% SANTANDER BR 5.41 ▲ 1.03% AMBEV ADR 3.10 ▲ 1.31% CSN 1.02 ▼ 1.46% GERDAU 4.58 ▲ 2.00% LATAM ADR 53.67 ▲ 0.64% BTC 64,445 ▲ 3.54% ETH 1,865 ▲ 5.15% SOL 76.91 ▲ 2.74% XRP 1.10 ▲ 3.21% BNB 579.12 ▲ 2.20% ADA 0.16 ▲ 4.31% DOGE 0.07 ▲ 3.35% AVAX 6.63 ▲ 2.88% LINK 8.24 ▲ 4.63% DOT 0.85 ▲ 1.85% LTC 44.48 ▲ 2.28% BCH 237.03 ▲ 0.34% TRX 0.33 ▲ 0.33% XLM 0.18 ▲ 1.85% HBAR 0.07 ▲ 0.45% NEAR 2.03 ▲ 5.96% ATOM 1.55 ▲ 1.17% AAVE 99.28 ▲ 5.21% SELIC 14.25% EMBRAER 82.92 ▼ 0.11% EMBRAER ADR 65.34 ▲ 1.33% JBS 11.80 — 0.00% JBS BDR 59.89 ▼ 1.19% MBRF3 16.10 ▲ 2.42% MBRFY 3.10 ▲ 1.64% INTER 5.67 ▲ 0.27% EGX 52,299 ▼ 0.59% USD/ZAR 16.36 ▼ 0.59% USD/NGN 1,381 ▲ 0.20% NIKKEI 67,744 ▲ 0.74% CSI300 4,797 ▲ 2.15% HSI 24,341 ▲ 0.52% NIFTY 24,052 ▼ 0.66% KOSPI 6,857 ▲ 0.73% JCI 6,040 ▲ 0.03% USD/JPY 162.12 ▼ 0.19% USD/CNY 6.7592 ▼ 0.17% DAX 25,147 ▲ 0.13% CAC 8,367 ▲ 0.03% FTSE 10,529 ▲ 0.30% MIB 52,863 ▲ 0.10% IBEX 19,357 ▲ 0.11% STOXX 642.10 ▲ 0.17% EUR/USD 1.1435 ▲ 0.42% GBP/USD 1.3390 ▲ 0.31% SPX 7,545 ▲ 0.39% DJI 52,423 ▼ 0.14% NDX 29,621 ▲ 1.22% RUT 2,968 ▲ 0.50% TSX 35,322 ▲ 0.20% VIX 16.50 ▼ 3.85% USD/CAD 1.4060 ▼ 0.66% US10Y 4.5830 ▼ 0.56%
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Life & Society Real Estate

Botafogo: Royal Past, Bright Future

By · May 4, 2010 · 3 min read

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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.

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The Consulado de Portugal building on Rua São Clemente, photo by Jaylan Boyle.
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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)
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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

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