Foreigners Increase Apartment Purchases in Rio Amid Tourism Boom - Folha de S.Paulo

Foreigners are increasing their purchases of compact apartments, known as studios, in the city of Rio de Janeiro, according to real estate companies.

These smaller units, measuring around 30 square meters, have become a source of income for those investing in short-term rentals, including platforms such as Airbnb.

Demand for this type of accommodation has been on an upward trend in Rio amid the tourism boom following the pandemic.

The recovery of tourism activity boosted foreign interest in apartments, as did advances in technology that made transactions easier for people outside Brazil, according to Ernesto Otero, CEO of Lobie, a company specializing in short-term rental property management.

In his assessment, the exchange rate remains favorable for some foreigners, resulting in attractive prices for this group. The dollar is around R$5.

In RJDI’s studio apartment sales, the share was one foreign buyer for every eight clients, equivalent to nearly 13%, during the eight-month period from November 2024 to June 2025.

That ratio rose to one in six, or around 17%, in the following eight months (July 2025 to February 2026).