Rio de Janeiro Residents Associations and Recent Favela Real Estate Trends
Gregory R. Scruggs and Arthur Acoca-Pidolle
Favelas in Rio de Janeiro have been targeted by public policies in the last four years designed to improve quality of life through improved public safety, transportation, housing, and social infrastructure. This paper analyzes real estate pricing data in seven favelas with wide geographic distribution, topographical situation, and public policy presence. Socio-economic indicators are correlated with a spatial descriptive analysis and hedonic regression to create a price index and suggest contemporary trends in Rio’s informal real estate market in the context of the city’s larger property boom.
Keywords: favelas, informal markets, real estate prices, Rio de Janeiro, UPP, Morar Carioca