Favela As Prime Real Estate

When people talk about Favela, it normally means rival gangs fighting turf wars in shanty towns of Brazil. Now, in what seems like  a complete 360, it’s now a piece of prime real estate for European investors! The Rio de Janeiro’s Favela has been off limits to other people due it’s notorious reputation of drug trafficking. This past few years though, it is in the process of having a major overhaul. The police has now taken control and the transformation has been amazing so far. Though the rental price has gone very high, it is still taken advantage of by wealthy buyers. Ever real estate companies are opening offices. It’s very easy to do this because this place is a real estate gold mine! It has breathtaking views and nowadays, it is also clearly one of the most fashionable neighborhood in Rio. It has been quite busy with people battling to get a property but it has removed all of the gangs that has tainted the image of this once favela.