IBOV 173,787 ▼ 0.73% IPSA 10,788 ▼ 1.00% IPC MEX 68,588 ▼ 0.40% MERVAL 3,166,407 ▲ 2.49% COLCAP 2,176.90 ▼ 0.26% BVL PERÚ 34,836.62 ▲ 0.71% USD/BRL 5.04 ▲ 0.13% USD/MXN 17.34 ▲ 0.12% USD/CLP 888.00 ▼ 0.41% USD/COP 3,666 ▲ 0.83% USD/PEN 3.40 ▼ 0.32% USD/ARS 1,409 ▼ 0.07% USD/UYU 40.13 ▲ 1.58% USD/PYG 5,998 ▼ 0.32% USD/BOB 6.86 ▲ 1.81% USD/DOP 58.15 ▲ 0.12% USD/CRC 451.23 ▲ 2.38% USD/GTQ 7.62 ▲ 2.23% USD/HNL 26.63 ▲ 1.72% USD/NIO 36.62 ▲ 0.31% USD/VES 548.00 ▼ 0.13% USD/PAB 1.00 ▲ 2.24% USD/BZD 2.00 ▲ 1.68% USD/JMD 156.59 ▲ 0.93% USD/TTD 6.75 ▲ 1.47% EUR/BRL 5.88 ▼ 0.16% BRENT 91.12 ▼ 2.76% WTI 87.36 ▼ 1.73% IRON ORE 161.91 — — COPPER 6.39 ▼ 0.11% GOLD 4,593 ▲ 2.08% SILVER 75.88 ▲ 0.30% SOY 1,187 ▼ 0.65% CORN 446.75 ▼ 1.97% WHEAT 610.50 ▼ 2.16% COFFEE 265.90 ▼ 3.04% SUGAR 14.07 ▲ 1.01% ORANGE JUICE 158.80 ▼ 5.84% COTTON 76.25 ▼ 0.68% COCOA 3,901 ▼ 4.83% BEEF 239.05 ▼ 4.28% CATTLE 348.43 ▼ 1.30% LITHIUM 87.15 ▼ 0.40% PETR4 42.00 ▼ 1.20% VALE3 82.82 ▼ 1.36% ITUB4 40.04 ▲ 0.10% BBDC4 17.70 ▼ 1.12% ABEV3 16.32 ▲ 0.18% BBAS3 20.30 ▼ 1.41% B3SA3 16.50 — 0.00% WEGE3 44.10 ▲ 0.87% PRIO3 62.25 ▼ 1.14% SUZB3 41.91 ▲ 0.53% RENT3 42.02 ▼ 1.87% AZZA3 19.31 ▼ 2.72% CSAN3 3.80 ▼ 3.55% RAIZ4 0.36 ▲ 5.88% PCAR3 1.86 ▼ 5.10% GMAT3 4.27 ▲ 3.14% PSSA3 48.31 ▲ 0.06% CVCB3 1.50 ▼ 6.25% POSI3 4.07 ▼ 1.69% SLCE3 15.50 ▼ 2.52% NATU3 9.95 ▼ 1.49% BRKM5 10.46 ▼ 6.02% RANI3 8.02 ▲ 1.01% CSNA3 6.71 ▼ 1.32% CMIN3 4.66 ▼ 0.85% USIM5 11.08 ▲ 4.04% GGBR4 22.77 ▼ 3.11% ENEV3 25.63 ▲ 2.52% NEOE3 33.80 — 0.00% CPFE3 43.39 ▲ 0.84% CMIG4 10.76 ▼ 2.62% EQTL3 38.55 ▲ 0.92% LREN3 14.90 ▼ 0.67% VIVT3 33.82 ▲ 0.65% RAIL3 13.72 ▼ 0.94% KLABIN 16.67 — 0.00% RAIA DROGASIL 18.69 ▼ 1.37% RDOR3 34.02 ▼ 1.31% HAPV3 12.15 ▼ 2.64% FLRY3 15.39 ▼ 2.22% SMTO3 16.98 ▼ 1.05% UGPA3 25.87 ▼ 3.86% VBBR3 29.75 ▼ 3.75% BBSE3 35.40 ▲ 2.37% BPAC11 53.75 ▼ 1.01% CURY3 31.73 ▼ 1.40% AERI3 2.29 ▼ 1.29% VIVARA 21.84 ▼ 1.40% COMPASS 26.77 ▼ 0.82% VAMOS 3.06 ▼ 4.08% SANB11 27.16 ▼ 0.22% ASAI3 8.75 ▼ 2.56% SBSP3 27.95 ▼ 0.75% WALMEX 52.48 ▲ 0.04% GMEXICO 214.29 ▲ 0.39% FEMSA 206.62 ▼ 1.53% CEMEX 22.77 ▲ 0.26% GFNORTE 180.63 ▼ 2.44% BIMBO 59.69 ▲ 1.50% TELEVISA 9.33 ▼ 3.72% AMX 22.08 ▼ 1.43% GAP 407.34 ▼ 1.53% ASUR 296.27 ▼ 1.45% OMA 217.77 ▼ 0.33% KOF 187.08 ▲ 0.74% GRUMA 291.39 ▼ 0.73% KIMBER 38.40 ▲ 0.39% SQM-B 76,200 ▲ 1.10% COPEC 6,323 ▼ 3.61% BSANTANDER 70.00 ▼ 1.96% FALABELLA 5,700 ▼ 2.98% ENELAM 78.00 ▼ 1.25% CENCOSUD 2,099 ▼ 3.72% CMPC 1,066 ▼ 4.82% BANCO CHILE 167.66 ▼ 2.81% LATAM AIR 24.10 ▲ 1.43% YPF 78,350 ▲ 1.65% GGAL 7,495 ▲ 3.59% PAMPA 5,095 ▲ 2.16% TXAR 692.50 ▲ 3.28% ALUAR 1,019 ▲ 1.39% TGS 9,135 ▲ 0.05% CEPU 2,356 ▲ 4.43% MIRGOR 16,950 ▲ 1.04% COME 49.36 ▲ 4.82% LOMA NEGRA 3,593 ▲ 2.50% BYMA 296.75 ▲ 1.37% TELECOM ARG 4,328 ▲ 5.55% ECOPETROL 14.62 ▼ 1.02% BANCOLOMBIA 68.59 ▼ 0.87% GRUPO AVAL 4.61 ▼ 1.71% CREDICORP 342.63 ▲ 0.33% SOUTHERN COPPER 191.30 ▼ 1.84% BUENAVENTURA 36.89 ▲ 5.37% MERCADOLIBRE 1,696 ▲ 0.01% NUBANK 13.13 ▲ 0.61% XP 16.67 ▼ 1.71% PAGSEGURO 9.35 ▲ 0.21% STONE 11.45 ▲ 1.06% GLOBANT 40.43 ▲ 1.25% TECNOGLASS 43.09 ▼ 2.53% GAP AIRPORT 236.30 ▼ 0.76% ASUR 296.27 ▼ 1.45% OMA AIRPORT 100.32 ▼ 0.40% AMX ADR 25.40 ▼ 1.53% FEMSA ADR 119.03 ▼ 1.51% CEMEX ADR 13.10 ▲ 0.27% PETROBRAS ADR 18.77 ▼ 0.32% VALE ADR 16.25 ▼ 1.81% ITAU ADR 7.88 — 0.00% SANTANDER BR 5.45 — 0.00% AMBEV ADR 3.21 ▲ 0.31% CSN 1.35 ▼ 1.10% GERDAU 4.50 ▼ 3.23% LATAM ADR 53.68 ▲ 1.04% BTC 73,916 ▲ 0.74% ETH 2,023 ▲ 0.55% SOL 82.85 ▲ 1.12% XRP 1.35 ▲ 1.53% BNB 709.50 ▲ 10.46% ADA 0.24 ▲ 1.68% DOGE 0.10 ▲ 1.58% AVAX 8.97 ▲ 1.75% LINK 9.21 ▲ 2.15% DOT 1.19 ▲ 0.16% LTC 52.29 ▲ 0.89% BCH 306.00 ▲ 1.36% TRX 0.35 ▲ 1.07% XLM 0.25 ▼ 5.41% HBAR 0.10 ▼ 1.62% NEAR 2.31 ▼ 2.97% ATOM 2.03 ▲ 0.92% AAVE 83.28 ▲ 1.10% SELIC 14.50% EMBRAER 73.38 ▼ 0.30% EMBRAER ADR 57.75 ▼ 1.11% JBS 12.47 ▼ 3.63% JBS BDR 61.00 ▼ 6.20% MBRF3 16.01 ▼ 1.72% MBRFY 3.08 ▼ 4.64% INTER 6.17 ▼ 2.68% EGX 52,659 ▼ 0.38% USD/ZAR 16.24 ▼ 0.10% USD/NGN 1,370 ▼ 0.21% NIKKEI 66,330 ▲ 2.53% CSI300 4,892 ▼ 0.45% HSI 25,182 ▲ 0.70% NIFTY 23,548 ▼ 1.50% KOSPI 8,476 ▲ 3.55% JCI 6,127 ▼ 0.05% USD/JPY 159.26 ▲ 0.02% USD/CNY 6.7657 ▼ 0.20% DAX 25,105 ▲ 0.05% CAC 8,183 ▼ 0.07% FTSE 10,409 ▼ 0.16% MIB 50,037 ▲ 0.42% IBEX 18,363 ▲ 0.46% STOXX 626.00 ▲ 0.14% EUR/USD 1.1659 ▲ 0.03% GBP/USD 1.3457 ▲ 0.10% SPX 7,580 ▲ 0.22% DJI 51,032 ▲ 0.72% NDX 30,333 ▲ 0.36% RUT 2,919 ▼ 0.59% TSX 34,769 ▲ 0.73% VIX 15.32 ▼ 2.67% USD/CAD 1.3795 ▲ 0.06% US10Y 4.4530 ▼ 0.04% IBOV 173,787 ▼ 0.73% IPSA 10,788 ▼ 1.00% IPC MEX 68,588 ▼ 0.40% MERVAL 3,166,407 ▲ 2.49% COLCAP 2,176.90 ▼ 0.26% BVL PERÚ 34,836.62 ▲ 0.71% USD/BRL 5.04 ▲ 0.13% USD/MXN 17.34 ▲ 0.12% USD/CLP 888.00 ▼ 0.41% USD/COP 3,666 ▲ 0.83% USD/PEN 3.40 ▼ 0.32% USD/ARS 1,409 ▼ 0.07% USD/UYU 40.13 ▲ 1.58% USD/PYG 5,998 ▼ 0.32% USD/BOB 6.86 ▲ 1.81% USD/DOP 58.15 ▲ 0.12% USD/CRC 451.23 ▲ 2.38% USD/GTQ 7.62 ▲ 2.23% USD/HNL 26.63 ▲ 1.72% USD/NIO 36.62 ▲ 0.31% USD/VES 548.00 ▼ 0.13% USD/PAB 1.00 ▲ 2.24% USD/BZD 2.00 ▲ 1.68% USD/JMD 156.59 ▲ 0.93% USD/TTD 6.75 ▲ 1.47% EUR/BRL 5.88 ▼ 0.16% BRENT 91.12 ▼ 2.76% WTI 87.36 ▼ 1.73% IRON ORE 161.91 — — COPPER 6.39 ▼ 0.11% GOLD 4,593 ▲ 2.08% SILVER 75.88 ▲ 0.30% SOY 1,187 ▼ 0.65% CORN 446.75 ▼ 1.97% WHEAT 610.50 ▼ 2.16% COFFEE 265.90 ▼ 3.04% SUGAR 14.07 ▲ 1.01% ORANGE JUICE 158.80 ▼ 5.84% COTTON 76.25 ▼ 0.68% COCOA 3,901 ▼ 4.83% BEEF 239.05 ▼ 4.28% CATTLE 348.43 ▼ 1.30% LITHIUM 87.15 ▼ 0.40% PETR4 42.00 ▼ 1.20% VALE3 82.82 ▼ 1.36% ITUB4 40.04 ▲ 0.10% BBDC4 17.70 ▼ 1.12% ABEV3 16.32 ▲ 0.18% BBAS3 20.30 ▼ 1.41% B3SA3 16.50 — 0.00% WEGE3 44.10 ▲ 0.87% PRIO3 62.25 ▼ 1.14% SUZB3 41.91 ▲ 0.53% RENT3 42.02 ▼ 1.87% AZZA3 19.31 ▼ 2.72% CSAN3 3.80 ▼ 3.55% RAIZ4 0.36 ▲ 5.88% PCAR3 1.86 ▼ 5.10% GMAT3 4.27 ▲ 3.14% PSSA3 48.31 ▲ 0.06% CVCB3 1.50 ▼ 6.25% POSI3 4.07 ▼ 1.69% SLCE3 15.50 ▼ 2.52% NATU3 9.95 ▼ 1.49% BRKM5 10.46 ▼ 6.02% RANI3 8.02 ▲ 1.01% CSNA3 6.71 ▼ 1.32% CMIN3 4.66 ▼ 0.85% USIM5 11.08 ▲ 4.04% GGBR4 22.77 ▼ 3.11% ENEV3 25.63 ▲ 2.52% NEOE3 33.80 — 0.00% CPFE3 43.39 ▲ 0.84% CMIG4 10.76 ▼ 2.62% EQTL3 38.55 ▲ 0.92% LREN3 14.90 ▼ 0.67% VIVT3 33.82 ▲ 0.65% RAIL3 13.72 ▼ 0.94% KLABIN 16.67 — 0.00% RAIA DROGASIL 18.69 ▼ 1.37% RDOR3 34.02 ▼ 1.31% HAPV3 12.15 ▼ 2.64% FLRY3 15.39 ▼ 2.22% SMTO3 16.98 ▼ 1.05% UGPA3 25.87 ▼ 3.86% VBBR3 29.75 ▼ 3.75% BBSE3 35.40 ▲ 2.37% BPAC11 53.75 ▼ 1.01% CURY3 31.73 ▼ 1.40% AERI3 2.29 ▼ 1.29% VIVARA 21.84 ▼ 1.40% COMPASS 26.77 ▼ 0.82% VAMOS 3.06 ▼ 4.08% SANB11 27.16 ▼ 0.22% ASAI3 8.75 ▼ 2.56% SBSP3 27.95 ▼ 0.75% WALMEX 52.48 ▲ 0.04% GMEXICO 214.29 ▲ 0.39% FEMSA 206.62 ▼ 1.53% CEMEX 22.77 ▲ 0.26% GFNORTE 180.63 ▼ 2.44% BIMBO 59.69 ▲ 1.50% TELEVISA 9.33 ▼ 3.72% AMX 22.08 ▼ 1.43% GAP 407.34 ▼ 1.53% ASUR 296.27 ▼ 1.45% OMA 217.77 ▼ 0.33% KOF 187.08 ▲ 0.74% GRUMA 291.39 ▼ 0.73% KIMBER 38.40 ▲ 0.39% SQM-B 76,200 ▲ 1.10% COPEC 6,323 ▼ 3.61% BSANTANDER 70.00 ▼ 1.96% FALABELLA 5,700 ▼ 2.98% ENELAM 78.00 ▼ 1.25% CENCOSUD 2,099 ▼ 3.72% CMPC 1,066 ▼ 4.82% BANCO CHILE 167.66 ▼ 2.81% LATAM AIR 24.10 ▲ 1.43% YPF 78,350 ▲ 1.65% GGAL 7,495 ▲ 3.59% PAMPA 5,095 ▲ 2.16% TXAR 692.50 ▲ 3.28% ALUAR 1,019 ▲ 1.39% TGS 9,135 ▲ 0.05% CEPU 2,356 ▲ 4.43% MIRGOR 16,950 ▲ 1.04% COME 49.36 ▲ 4.82% LOMA NEGRA 3,593 ▲ 2.50% BYMA 296.75 ▲ 1.37% TELECOM ARG 4,328 ▲ 5.55% ECOPETROL 14.62 ▼ 1.02% BANCOLOMBIA 68.59 ▼ 0.87% GRUPO AVAL 4.61 ▼ 1.71% CREDICORP 342.63 ▲ 0.33% SOUTHERN COPPER 191.30 ▼ 1.84% BUENAVENTURA 36.89 ▲ 5.37% MERCADOLIBRE 1,696 ▲ 0.01% NUBANK 13.13 ▲ 0.61% XP 16.67 ▼ 1.71% PAGSEGURO 9.35 ▲ 0.21% STONE 11.45 ▲ 1.06% GLOBANT 40.43 ▲ 1.25% TECNOGLASS 43.09 ▼ 2.53% GAP AIRPORT 236.30 ▼ 0.76% ASUR 296.27 ▼ 1.45% OMA AIRPORT 100.32 ▼ 0.40% AMX ADR 25.40 ▼ 1.53% FEMSA ADR 119.03 ▼ 1.51% CEMEX ADR 13.10 ▲ 0.27% PETROBRAS ADR 18.77 ▼ 0.32% VALE ADR 16.25 ▼ 1.81% ITAU ADR 7.88 — 0.00% SANTANDER BR 5.45 — 0.00% AMBEV ADR 3.21 ▲ 0.31% CSN 1.35 ▼ 1.10% GERDAU 4.50 ▼ 3.23% LATAM ADR 53.68 ▲ 1.04% BTC 73,916 ▲ 0.74% ETH 2,023 ▲ 0.55% SOL 82.85 ▲ 1.12% XRP 1.35 ▲ 1.53% BNB 709.50 ▲ 10.46% ADA 0.24 ▲ 1.68% DOGE 0.10 ▲ 1.58% AVAX 8.97 ▲ 1.75% LINK 9.21 ▲ 2.15% DOT 1.19 ▲ 0.16% LTC 52.29 ▲ 0.89% BCH 306.00 ▲ 1.36% TRX 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Life & Society Real Estate

Laranjeiras: History and Modernity in Rio

By · August 13, 2013 · 3 min read

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By Lisa Flueckiger, Contributing Reporter

RIO DE JANEIRO, BRAZIL – Laranjeiras is more than just home to several government buildings, such as the Palácio Guanabara, seat of Rio’s state government. It is a upper middle-class, calm residential neighborhood in Zona Sul (South Zone), with historic buildings next to some of the most modern architecture in the city.

Palácio Guanabara, Rio de Janeiro, Brazil News
Palácio Guanabara seat of the government of Rio state in Laranjeiras, photo by Eduardo P/Wikimedia Creative Commons License.

Laranjeiras, located north of Botafogo, in the backyard of Flamengo and Catete, is a residential neighborhood with a lot of green. It may be best known to most tourists as they pass through on their way to Cristo.

Yet Laranjeiras is one of the oldest neighborhoods in Rio, as people settled around the Carioca river that came from Corcovado mountain in the 17th century. The area was therefore called Vale do Carioca (Carioca Valley), but later renamed to Laranjeiras due to the many orange trees in the lower part of the valley.

“Laranjeiras has always been a good neighborhood. It is a very animated neighborhood with many shops and where people like to go out,” Francisco das Chagas, a Laranjeiras resident explained.

“It is a neighborhood with great mobility. You don’t need a car here,” Vínicius Guimarães, another Laranjeiras resident, explained. “It is a neighborhood with a lot of history. In the 19th century it was very secluded due to the hills separating it from other parts,” he added.

Although Laranjeiras is a primarily residential neighborhood today, there are several government buildings in the area. One of those is Palácio Guanabara, the seat of the government of Rio state, which has recently been in the spotlight during the protests against the government.

The palace was constructed in 1835 and served as Princess Isabel’s residence, accessed through Rua Paissandu, which is lined with decorative palm trees until today. Other historic buildings include Palácio Laranjeiras, the official residence of Rio’s state governor, which is surrounded by Parque Guinle and currently under construction, and the Instituto Nacional de Educação dos Surdos (National Institute for Education of the Deaf).

Modern architecture in the Rua das Laranjeiras, Rio de Janeiro, Brazil News
Modern architecture in the Rua das Laranjeiras, photo by Lisa Flueckiger.

The historic charm of Laranjeiras also attracted creative residents such as Heitor Villa-Lobos, Cecília Meirelles, Cândido Portinari and Oscar Niemeyer.

The neighborhood is also home to Fluminense, one of Rio’s four football (soccer) clubs. Fluminense is one of the oldest soccer teams in Brazil and its Laranjeiras stadium was the Brazilian national team’s first ground.

The stadium was designed by Catalan architect Hypolito Pujol and is used as Flu’s training ground today, as home matches are played in the much larger Maracanã. Within the stadium’s complex there is also a swimming pool and gymnastics hall, as the club hosts various other sports teams and also offers sports classes.

Recently, mingled in between the historic buildings, one can find some of the most modern residential buildings in Rio. The mostly white and glass apartment houses fit perfectly into the neighborhood, as they convey the same splendor as their historic counterparts. “There has been a lot of investments into the neighborhood. There are many new modern buildings now,” Mr. das Chagas tells The Rio Times.

Purchase prices in Laranjeiras were R$9,981 per square meter in July, a plus of 12.2 percent in the last twelve months. Rents peaked with a square meter price of R$ 41, as it seems Laranjeiras had some catching up to do in comparison to neighboring Flamengo and Catete, where rents have fallen or stagnated in the last two months.

Generally, rent prices were volatile in Laranjeiras in the last twelve months, as they fluctuated between R$36 and R$39. However, overall they still increased by 17.8 percent. In the neighborhood one can find apartments of all sizes, and a rented three-bedroom apartment has on average around 80m2 to 100m2 and costs around R$3,000-3,500.

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