IBOV 176,018 ▲ 1.90% IPSA 11,025 ▲ 0.72% IPC MEX 66,322 ▲ 0.32% MERVAL 3,216,809 ▼ 0.22% COLCAP 2,289.96 ▼ 0.12% BVL PERÚ 56,194.27 ▲ 0.42% USD/BRL5.11▼ 0.15% USD/MXN17.51▼ 0.23% USD/CLP925.23▼ 0.27% USD/COP3,244▼ 2.97% USD/PEN3.39▼ 0.21% USD/ARS1,487▼ 0.03% USD/UYU40.22▲ 1.20% USD/PYG6,055▲ 1.53% USD/BOB10.14▲ 4.01% USD/DOP58.48▼ 0.12% USD/CRC448.82▲ 1.40% USD/GTQ7.63▲ 2.28% USD/HNL26.72▲ 1.50% USD/NIO36.62▲ 0.26% USD/VES707.92▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD158.07▲ 0.80% USD/TTD6.75▲ 1.32% EUR/BRL5.83▼ 1.04% BRENT 76.10 ▼ 0.26% WTI 71.66 ▼ 0.58% IRON ORE 161.91 — — COPPER 6.28 ▲ 1.09% GOLD 4,109 ▼ 0.52% SILVER 60.13 ▼ 0.41% SOY 1,181 ▲ 0.13% CORN 452.75 ▲ 5.84% WHEAT 641.25 ▲ 4.91% COFFEE 323.10 ▼ 9.48% SUGAR 14.74 ▼ 2.51% ORANGE JUICE 145.05 ▼ 3.24% COTTON 80.08 ▲ 5.15% COCOA 5,911 ▼ 6.31% BEEF 231.13 ▼ 1.75% CATTLE 357.40 ▲ 0.35% LITHIUM 72.13 ▼ 0.95% PETR4 39.53 ▲ 0.82% VALE3 73.79 ▲ 0.87% ITUB4 43.44 ▲ 2.00% BBDC4 18.43 ▲ 2.39% ABEV3 15.78 ▲ 0.38% BBAS3 20.32 ▲ 1.60% B3SA3 15.25 ▲ 3.11% WEGE3 46.30 ▲ 1.22% PRIO3 55.50 ▼ 0.20% SUZB3 41.59 ▲ 1.36% RENT3 40.79 ▲ 3.53% AZZA3 18.99 ▲ 2.87% CSAN3 3.94 ▲ 2.07% RAIZ4 0.36 ▼ 2.70% PCAR3 2.73 ▼ 1.09% GMAT3 3.95 ▲ 0.51% PSSA3 54.20 ▲ 1.59% CVCB3 1.27 ▲ 1.60% POSI3 3.92 ▲ 1.82% SLCE3 13.89 ▲ 0.73% NATU3 8.48 ▲ 0.24% BRKM5 6.46 ▲ 1.57% RANI3 7.97 ▲ 1.40% CSNA3 4.98 ▲ 3.75% CMIN3 5.03 ▲ 4.14% USIM5 8.29 ▼ 0.72% GGBR4 22.83 ▲ 1.56% ENEV3 26.80 ▲ 2.29% CPFE3 47.05 ▲ 1.64% CMIG4 11.29 ▲ 1.90% EQTL3 40.63 ▲ 2.83% LREN3 14.65 ▲ 3.53% VIVT3 35.17 ▲ 1.94% RAIL3 13.94 ▲ 1.38% KLABIN 17.54 ▲ 0.80% RAIA DROGASIL 18.45 ▲ 1.77% RDOR3 35.93 ▲ 2.22% HAPV3 10.38 ▲ 3.08% FLRY3 16.09 ▲ 2.16% SMTO3 16.13 ▲ 0.50% UGPA3 30.81 ▲ 2.36% VBBR3 32.63 ▲ 1.65% BBSE3 39.81 ▲ 1.35% BPAC11 57.40 ▲ 3.09% CURY3 33.92 ▲ 3.73% AERI3 2.09 ▲ 1.46% VIVARA 23.05 ▲ 2.08% COMPASS 25.00 ▲ 1.30% VAMOS 3.02 ▲ 2.03% SANB11 26.81 ▲ 2.13% ASAI3 8.87 ▲ 4.85% SBSP3 30.79 ▲ 2.63% WALMEX 49.18 ▲ 0.33% GMEXICO 195.45 ▲ 0.06% FEMSA 223.93 ▲ 0.70% CEMEX 21.80 ▲ 0.41% GFNORTE 187.67 ▲ 1.25% BIMBO 56.17 ▲ 0.43% TELEVISA 9.58 ▲ 0.95% AMX 22.75 ▲ 0.49% GAP 407.94 ▼ 1.40% ASUR 282.27 ▼ 0.47% OMA 236.43 ▼ 0.66% KOF 181.13 ▲ 0.13% GRUMA 284.20 ▲ 0.68% KIMBER 38.29 ▼ 0.39% SQM-B 69,100 ▼ 0.58% COPEC 6,020 — 0.00% BSANTANDER 77.50 ▲ 0.52% FALABELLA 5,812 ▼ 0.67% ENELAM 84.16 — 0.00% CENCOSUD 2,074 ▲ 0.85% CMPC 1,095 ▲ 1.47% BANCO CHILE 188.00 ▲ 0.53% LATAM AIR 26.37 ▼ 0.11% YPF 74,425 ▼ 1.78% GGAL 7,950 ▲ 0.89% PAMPA 5,210 ▲ 0.10% TXAR 661.50 ▼ 0.45% ALUAR 973.00 ▲ 0.46% TGS 9,375 ▲ 0.70% CEPU 2,300 ▼ 0.65% MIRGOR 17,500 ▲ 1.74% COME 45.90 ▲ 1.06% LOMA NEGRA 3,520 ▲ 0.64% BYMA 312.25 ▲ 0.81% TELECOM ARG 4,048 ▼ 1.76% ECOPETROL 15.39 — 0.00% BANCOLOMBIA 81.90 ▲ 1.20% GRUPO AVAL 5.09 ▲ 1.39% CREDICORP 395.80 ▲ 0.99% SOUTHERN COPPER 175.71 ▲ 0.73% BUENAVENTURA 29.68 ▲ 0.44% MERCADOLIBRE 1,826 ▲ 0.99% NUBANK 13.90 ▲ 1.70% XP 17.03 ▲ 3.75% PAGSEGURO 9.31 ▲ 3.39% STONE 11.25 ▲ 2.65% GLOBANT 31.33 ▲ 0.11% TECNOGLASS 43.68 ▲ 1.24% GAP AIRPORT 232.27 ▼ 0.94% ASUR 282.27 ▼ 0.47% OMA AIRPORT 107.97 ▼ 0.33% AMX ADR 25.98 ▲ 0.54% FEMSA ADR 127.81 ▲ 0.64% CEMEX ADR 12.52 ▲ 1.21% PETROBRAS ADR 17.18 ▲ 0.88% VALE ADR 14.40 ▲ 1.28% ITAU ADR 8.50 ▲ 2.60% SANTANDER BR 5.31 ▲ 3.31% AMBEV ADR 3.07 ▲ 0.82% CSN 0.98 ▲ 3.04% GERDAU 4.49 ▲ 1.70% LATAM ADR 56.45 ▼ 1.03% BTC 64,293 ▲ 1.74% ETH 1,797 ▲ 3.02% SOL 78.54 ▲ 0.63% XRP 1.11 ▲ 1.19% BNB 574.20 ▲ 1.01% ADA 0.17 ▲ 0.84% DOGE 0.07 ▲ 1.73% AVAX 6.74 ▲ 0.85% LINK 7.96 ▲ 3.00% DOT 0.89 ▲ 7.50% LTC 44.54 ▲ 1.77% BCH 251.88 ▲ 5.93% TRX 0.33 ▼ 0.39% XLM 0.19 ▲ 2.07% HBAR 0.07 ▲ 1.20% NEAR 1.92 ▼ 0.13% ATOM 1.58 ▲ 2.08% AAVE 95.22 ▲ 4.34% SELIC 14.25% EMBRAER 84.59 ▲ 0.87% EMBRAER ADR 66.15 ▲ 0.93% JBS 11.86 ▲ 1.07% JBS BDR 60.56 ▲ 0.85% MBRF3 15.64 ▲ 1.49% MBRFY 3.00 — 0.00% INTER 5.86 ▲ 2.63% EGX 52,312 ▲ 0.54% USD/ZAR16.30▼ 0.16% USD/NGN1,376▼ 0.12% NIKKEI 68,558 ▲ 1.20% CSI300 4,781 ▼ 1.96% HSI 24,175 ▲ 0.60% NIFTY 24,207 ▲ 1.02% KOSPI 7,476 ▲ 2.52% JCI 5,924 ▲ 0.20% USD/JPY161.82▼ 0.35% USD/CNY6.77▼ 0.39% DAX 25,104 ▼ 0.06% CAC 8,326 ▼ 0.01% FTSE 10,500 ▲ 0.26% MIB 52,733 ▲ 0.67% IBEX 19,433 ▲ 0.57% STOXX 641.93 ▲ 0.17% EUR/USD1.14▼ 0.07% GBP/USD1.34▲ 0.06% SPX 7,558 ▲ 0.19% DJI 52,542 ▲ 0.10% NDX 29,727 — 0.00% RUT 2,980 ▼ 0.43% TSX 35,274 ▲ 0.21% VIX 15.65 ▼ 1.20% USD/CAD1.42▼ 0.02% US10Y 4.5450 ▲ 0.13% IBOV 176,018 ▲ 1.90% IPSA 11,025 ▲ 0.72% IPC MEX 66,322 ▲ 0.32% MERVAL 3,216,809 ▼ 0.22% COLCAP 2,289.96 ▼ 0.12% BVL PERÚ 56,194.27 ▲ 0.42% USD/BRL 5.11 ▼ 0.15% USD/MXN 17.51 ▼ 0.23% USD/CLP 925.23 ▼ 0.27% USD/COP 3,244 ▼ 2.97% USD/PEN 3.39 ▼ 0.21% USD/ARS 1,487 ▼ 0.03% USD/UYU 40.22 ▲ 1.20% USD/PYG 6,055 ▲ 1.53% USD/BOB 10.14 ▲ 4.01% USD/DOP 58.48 ▼ 0.12% USD/CRC 448.82 ▲ 1.40% USD/GTQ 7.63 ▲ 2.28% USD/HNL 26.72 ▲ 1.50% USD/NIO 36.62 ▲ 0.26% USD/VES 707.92 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 158.07 ▲ 0.80% USD/TTD 6.75 ▲ 1.32% EUR/BRL 5.84 ▼ 0.97% BRENT 76.10 ▼ 0.26% WTI 71.66 ▼ 0.58% IRON ORE 161.91 — — COPPER 6.28 ▲ 1.09% GOLD 4,109 ▼ 0.52% SILVER 60.13 ▼ 0.41% SOY 1,181 ▲ 0.13% CORN 452.75 ▲ 5.84% WHEAT 641.25 ▲ 4.91% COFFEE 323.10 ▼ 9.48% SUGAR 14.74 ▼ 2.51% ORANGE JUICE 145.05 ▼ 3.24% COTTON 80.08 ▲ 5.15% COCOA 5,911 ▼ 6.31% BEEF 231.13 ▼ 1.75% CATTLE 357.40 ▲ 0.35% LITHIUM 72.13 ▼ 0.95% PETR4 39.53 ▲ 0.82% VALE3 73.79 ▲ 0.87% ITUB4 43.44 ▲ 2.00% BBDC4 18.43 ▲ 2.39% ABEV3 15.78 ▲ 0.38% BBAS3 20.32 ▲ 1.60% B3SA3 15.25 ▲ 3.11% WEGE3 46.30 ▲ 1.22% PRIO3 55.50 ▼ 0.20% SUZB3 41.59 ▲ 1.36% RENT3 40.79 ▲ 3.53% AZZA3 18.99 ▲ 2.87% CSAN3 3.94 ▲ 2.07% RAIZ4 0.36 ▼ 2.70% PCAR3 2.73 ▼ 1.09% GMAT3 3.95 ▲ 0.51% PSSA3 54.20 ▲ 1.59% CVCB3 1.27 ▲ 1.60% POSI3 3.92 ▲ 1.82% SLCE3 13.89 ▲ 0.73% NATU3 8.48 ▲ 0.24% BRKM5 6.46 ▲ 1.57% RANI3 7.97 ▲ 1.40% CSNA3 4.98 ▲ 3.75% CMIN3 5.03 ▲ 4.14% USIM5 8.29 ▼ 0.72% GGBR4 22.83 ▲ 1.56% ENEV3 26.80 ▲ 2.29% CPFE3 47.05 ▲ 1.64% CMIG4 11.29 ▲ 1.90% EQTL3 40.63 ▲ 2.83% LREN3 14.65 ▲ 3.53% VIVT3 35.17 ▲ 1.94% RAIL3 13.94 ▲ 1.38% KLABIN 17.54 ▲ 0.80% RAIA DROGASIL 18.45 ▲ 1.77% RDOR3 35.93 ▲ 2.22% HAPV3 10.38 ▲ 3.08% FLRY3 16.09 ▲ 2.16% SMTO3 16.13 ▲ 0.50% UGPA3 30.81 ▲ 2.36% VBBR3 32.63 ▲ 1.65% BBSE3 39.81 ▲ 1.35% BPAC11 57.40 ▲ 3.09% CURY3 33.92 ▲ 3.73% AERI3 2.09 ▲ 1.46% VIVARA 23.05 ▲ 2.08% COMPASS 25.00 ▲ 1.30% VAMOS 3.02 ▲ 2.03% SANB11 26.81 ▲ 2.13% ASAI3 8.87 ▲ 4.85% SBSP3 30.79 ▲ 2.63% WALMEX 49.18 ▲ 0.33% GMEXICO 195.45 ▲ 0.06% FEMSA 223.93 ▲ 0.70% CEMEX 21.80 ▲ 0.41% GFNORTE 187.67 ▲ 1.25% BIMBO 56.17 ▲ 0.43% TELEVISA 9.58 ▲ 0.95% AMX 22.75 ▲ 0.49% GAP 407.94 ▼ 1.40% ASUR 282.27 ▼ 0.47% OMA 236.43 ▼ 0.66% KOF 181.13 ▲ 0.13% GRUMA 284.20 ▲ 0.68% KIMBER 38.29 ▼ 0.39% SQM-B 69,100 ▼ 0.58% COPEC 6,020 — 0.00% BSANTANDER 77.50 ▲ 0.52% FALABELLA 5,812 ▼ 0.67% ENELAM 84.16 — 0.00% CENCOSUD 2,074 ▲ 0.85% CMPC 1,095 ▲ 1.47% BANCO CHILE 188.00 ▲ 0.53% LATAM AIR 26.37 ▼ 0.11% YPF 74,425 ▼ 1.78% GGAL 7,950 ▲ 0.89% PAMPA 5,210 ▲ 0.10% TXAR 661.50 ▼ 0.45% ALUAR 973.00 ▲ 0.46% TGS 9,375 ▲ 0.70% CEPU 2,300 ▼ 0.65% MIRGOR 17,500 ▲ 1.74% COME 45.90 ▲ 1.06% LOMA NEGRA 3,520 ▲ 0.64% BYMA 312.25 ▲ 0.81% TELECOM ARG 4,048 ▼ 1.76% ECOPETROL 15.39 — 0.00% BANCOLOMBIA 81.90 ▲ 1.20% GRUPO AVAL 5.09 ▲ 1.39% CREDICORP 395.80 ▲ 0.99% SOUTHERN COPPER 175.71 ▲ 0.73% BUENAVENTURA 29.68 ▲ 0.44% MERCADOLIBRE 1,826 ▲ 0.99% NUBANK 13.90 ▲ 1.70% XP 17.03 ▲ 3.75% PAGSEGURO 9.31 ▲ 3.39% STONE 11.25 ▲ 2.65% GLOBANT 31.33 ▲ 0.11% TECNOGLASS 43.68 ▲ 1.24% GAP AIRPORT 232.27 ▼ 0.94% ASUR 282.27 ▼ 0.47% OMA AIRPORT 107.97 ▼ 0.33% AMX ADR 25.98 ▲ 0.54% FEMSA ADR 127.81 ▲ 0.64% CEMEX ADR 12.52 ▲ 1.21% PETROBRAS ADR 17.18 ▲ 0.88% VALE ADR 14.40 ▲ 1.28% ITAU ADR 8.50 ▲ 2.60% SANTANDER BR 5.31 ▲ 3.31% AMBEV ADR 3.07 ▲ 0.82% CSN 0.98 ▲ 3.04% GERDAU 4.49 ▲ 1.70% LATAM ADR 56.45 ▼ 1.03% BTC 64,293 ▲ 1.74% ETH 1,797 ▲ 3.02% SOL 78.54 ▲ 0.63% XRP 1.11 ▲ 1.19% BNB 574.20 ▲ 1.01% ADA 0.17 ▲ 0.84% DOGE 0.07 ▲ 1.73% AVAX 6.74 ▲ 0.85% LINK 7.96 ▲ 3.00% DOT 0.89 ▲ 7.50% LTC 44.54 ▲ 1.77% BCH 251.88 ▲ 5.93% TRX 0.33 ▼ 0.39% XLM 0.19 ▲ 2.07% HBAR 0.07 ▲ 1.20% NEAR 1.92 ▼ 0.13% ATOM 1.58 ▲ 2.08% AAVE 95.22 ▲ 4.34% SELIC 14.25% EMBRAER 84.59 ▲ 0.87% EMBRAER ADR 66.15 ▲ 0.93% JBS 11.86 ▲ 1.07% JBS BDR 60.56 ▲ 0.85% MBRF3 15.64 ▲ 1.49% MBRFY 3.00 — 0.00% INTER 5.86 ▲ 2.63% EGX 52,312 ▲ 0.54% USD/ZAR 16.30 ▼ 0.06% USD/NGN 1,376 ▲ 0.08% NIKKEI 68,558 ▲ 1.20% CSI300 4,781 ▼ 1.96% HSI 24,175 ▲ 0.60% NIFTY 24,207 ▲ 1.02% KOSPI 7,476 ▲ 2.52% JCI 5,924 ▲ 0.20% USD/JPY 161.78 ▼ 0.35% USD/CNY 6.7663 ▼ 0.37% DAX 25,104 ▼ 0.06% CAC 8,326 ▼ 0.01% FTSE 10,500 ▲ 0.26% MIB 52,733 ▲ 0.67% IBEX 19,433 ▲ 0.57% STOXX 641.93 ▲ 0.17% EUR/USD 1.1422 ▼ 0.10% GBP/USD 1.3403 ▼ 0.01% SPX 7,558 ▲ 0.19% DJI 52,542 ▲ 0.10% NDX 29,727 — 0.00% RUT 2,980 ▼ 0.43% TSX 35,274 ▲ 0.21% VIX 15.65 ▼ 1.20% USD/CAD 1.4164 ▼ 0.01% US10Y 4.5450 ▲ 0.13%
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Life & Society Real Estate

Rio Under Constant Renovation

By · May 11, 2010 · 3 min read

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By Mira Olson, Contributing Reporter

RIO DE JANEIRO – As the yoga class comes to an end, Coaracy Nunes, Blyss Yoga studio owner and instructor, guides his students into savasana: “face up, eyes closed, body completely relaxed.” He tells them to turn their attention solely to their breath. The space, the music, and the group energy are all fostering meditation—which is abruptly interrupted by hammering in a nearby building.

Workers Construction of new apartment complex on the corner of Av. Vieira Souto and Av. Rainha Elizabeth in Zona Sul will last several months, photo by Mira Olson.
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Nunes, always positive, then reminds his students: “Sometimes you really need to work to drown out the rest of the world.”

In Rio, drowning out the rest of the world can be a daunting task. The constant, rhythmic “clank” of chisels breaking concrete and the hum of drills cutting tile can be heard from nearly any corner throughout the city. It is a symbol of the country’s increased economic power and transition from “Developing” to “Industrialized” status.

It is a reminder of the modernized and renewed Rio to come. And the sounds are nearly hypnotic—if not for the aggressive nature with which they pierce eardrums and unnerve the city’s residents, many of whom are desperate but unable to escape.

“It never stops,” complains Katia Delgado, an acupuncturist who works from her home in Botafogo. “They’re already on the fourth project this year. My poor patients come here for peace and they have to deal with construction. One project ends and another starts.”

Construction affects many residents that work from home. Generally, workers arrive early and begin hammering promptly at 8:30 AM, when their shift begins. They labor continuously until 5:00 PM, with a short break for lunch. The duration of apartment renovation projects lasts anywhere from a few weeks to several months.

“As a freelancer, working from home has been quite a challenge. To begin with, this city is already very noisy,” notes Eduardo Rubiano Moncada, a photojournalist currently based in Rio. “There is construction everywhere and for some reason the sounds resonate through walls more than in other places I’ve lived.” He explains that the construction noise in his first apartment was so unbearable that after only two weeks he was forced to relocate at great expense.

The continuous renovation of the city is due to favorable market conditions. “Currently, people are able to access lines of credit and construction materials are cheap,” Delgado explains. “The government is lending a hand through loans, and residents are taking advantage of this. While it’s benefiting the public, we have to put up with the noise.”

At CAIXA, the bank administered by the federal government and that serves as the principal agent for public policies, is one of many entities offering such credit lines for residential construction and renovation projects.

Foreigners and locals looking for apartments can consult doormen and superintendents about current and upcoming construction in the building and within the vicinity.

The municipal government issues construction licenses for exterior renovation and expansion projects, but most internal household construction and renovation does not require a license. Further information about licensing can be found at: http://www2.rio.rj.gov.br/smu/

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