IBOV 174,576.80 ▲ 1.55% IPSA 11,450.75 ▼ 0.76% IPC MEX 66,293.07 ▲ 0.79% MERVAL 3,009,029 — 0.00% COLCAP 2,508.47 ▼ 0.09% BVL PERÚ 60,117.56 ▲ 0.55% USD/BRL5.15▼ 0.02% USD/MXN16.93▼ 0.15% USD/CLP911.95▼ 0.10% USD/COP3,088▲ 0.80% USD/PEN3.35▼ 0.08% USD/ARS1,512▲ 0.13% USD/UYU40.18▲ 1.06% USD/PYG5,968▲ 0.82% USD/BOB11.47▲ 0.68% USD/DOP58.01▲ 0.07% USD/CRC447.25▲ 0.82% USD/GTQ7.62▲ 2.02% USD/HNL26.82▲ 1.52% USD/NIO36.62▲ 0.09% USD/VES785.55▲ 0.19% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD 157.28 — 0.00% USD/TTD6.73▲ 0.97% EUR/BRL6.01▼ 0.07% 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 174,576.80 ▲ 1.55% IPSA 11,450.75 ▼ 0.76% IPC MEX 66,293.07 ▲ 0.79% MERVAL 3,009,029 — 0.00% COLCAP 2,508.47 ▼ 0.09% BVL PERÚ 60,117.56 ▲ 0.55% 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%
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Life & Society Real Estate

Gávea: Rio’s Garden Neighborhood

By · October 29, 2013 · 3 min read

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By William Jones, Contributing Reporter

RIO DE JANEIRO, BRAZIL – The neighborhood of Gávea is a popular, high-end residential region of Rio’s Zona Sul (South Zone), its affluence represented by the leafy surroundings of dwellings mixed in among a bohemian feel of professionals and students. As such, the contrast with neighboring Rocinha, one of the continent’s largest favelas, is a striking one.

Gávea and its Joquei Clube seen from Corcovado, Rio de Janeiro, Brazil News
Gávea and its Joquei Clube seen from Corcovado, photo by Daniel Julie/Flickr Creative Commons License.
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The area also borders the Lagoa, Leblon and Jardim Botânico on its eastern and northern edge and is well-positioned for straightforward access to downtown Rio de Janeiro and Barra da Tijuca. The upper slopes host some of the most sought-after housing in the city, while nearby amenities such as bars, convenience stores, specialist boutiques and an up to date modern shopping center make it one of the most popular residential locations in Rio, coupling open space with a central location and easy access to the beaches.

Public transportation to and from Gávea is currently limited to a huge number of buses, but construction of the Gávea Metrô station, which will be located opposite the PUC University and part of the much-vaunted Linha 4 (Line 4), began in August 2013 and will eventually connect Gávea to the very center of the city to one end, and rapidly expanding Barra at the other.

As it still revels in its slight detachment from much of the city, the atmosphere is perhaps best encapsulated by the tranquil Parque da Cidade, which lies on the fringes of Tijuca forest and shares the luscious greenery and a host of wildlife from monkeys to toucans. The former summer residence of the Marques de São Vicente also houses the National History Museum with around 20,000 historical artifacts, including the emperor Dom João VI’s throne, while the nearby Instituto Moreira Salles offers an excellent array of exhibitions and film screenings.

The Parque da Cidade is a green oasis of calm, Rio de Janeiro, Brazil News
The Parque da Cidade is a green oasis of calm, photo by Halley Pacheco de Oliveira/Wikimedia Creative Commons License.

Gávea is also home to PUC university, lending the area its youthful buzz. Praça Santos Dumont, located in the so-called Baixo Gávea region, is a popular meeting and drinking spot for those looking to enjoy the rich, cultural and traditional nightlife of the area. Further up the hill towards Rua José Roberto Soares, many more bars and restaurants can be found but most close by 1AM in response to strict local noise pollution laws.

A lesser-known icon of the city is the Hipódromo da Gávea, or Joquei Clube, the horse racing venue built in 1926 where meets are still held on weekend afternoons and evenings. The Joquei is considered to be one of the most beautiful settings for a racing track anywhere in the world, with the Copacabana skyline and statue of Christ in full view, all bordering on the Lagoa. The first Sunday of August is the easily biggest day in the racing calendar courtesy of the international Grande Prêmio, regularly drawing more than 50,000 spectators.

Two-bedroom properties in Gávea start around R$900,000 and prices rise to R$2 million for a three-bedroom of around 130 square meters. The purchase price per square meter is currently R$13,243 up 5.1 percent since the beginning of the year despite leveling-off in recent months.

Average rental prices have oscillated at around R$55 per square meter, a little more than neighboring Jardim Botânico, but still significantly less than the prices found in nearby Ipanema and Leblon. Expect to pay around R$5,000 a month for a two-bedroom of 80-100 square meters.

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