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      Real estate values ​​increase by 200% because of Rio 2016.

      Rio de Janeiro has been the Brazilian capital with the highest property appreciation in recent years due to the World Cup and the Olympics; "We are talking about an average appreciation of 200% over all these years," says Leonardo Schneider, vice-president of Secovi-Rio; in the city center the square meter is 220% more expensive; in Barra da Tijuca, in the west zone, where the Olympic park is located, almost 140%, and in Leblon, in the south zone, 177%.

      MINOLTA DIGITAL CAMERA (Photo: Leonardo Lucena)

      Rio 247 - Rio de Janeiro was the Brazilian capital with the highest property appreciation in recent years due to the World Cup and the Olympics. "We are talking about an average appreciation of 200% over all these years," says Leonardo Schneider, vice-president of Secovi-Rio.

      In the city center, the price per square meter is 220% higher. In Barra da Tijuca, in the west zone, where the Olympic park is located, it's almost 140% higher, and in Leblon, in the south zone, 177%. But, in times of crisis, the market has cooled down.

      A 65-square-meter apartment located in an upscale neighborhood in Rio's South Zone saw a 25% price increase over the past four years, but when it came time to sell, the owner lowered the price by 12%, according to information released by Jornal da Globo.

      The director of the real estate agency that closed the deal stated that negotiating during times of crisis has become the norm in the real estate market. "Negotiation is now mandatory. There are no more fixed prices. Today, all owners end up negotiating the price," said Paulo Dornelles, managing partner of the real estate agency Real Up.

      In a month, without the Olympics, the focus is on the country's economic recovery.

      "We have to be realistic, keep our feet on the ground, to get through this moment and then try to recover and take advantage of any legacy of transformation that the city experienced, any positive moment from the Games, so that it can transform or leave some seed planted to flourish in our city after the Olympic Games," said the vice-president of Secovi-Rio.