Home > South America > Brazil > Brazil Heritage Sites > Rio de Janeiro: Carioca Landscapes
GM1E73P114G01
Wall Art and Photo Gifts from Reuters
GM1E73P114G01
Buildings are seen in front of the Leblon Beach in Rio de Janeiro February 25, 2011. Rio, boasting picture-postcard scenery and plans for big investments ahead of the World Cup in 2014 and the Olympic Games two years later, is not alone in a Brazilian housing boom that is inevitably raising fears of an asset bubble in one of the worlds hottest emerging markets. Picture taken February 25, 2011. To match Feature BRAZIL-HOUSING/ REUTERS/Ricardo Moraes (BRAZIL - Tags: BUSINESS CITYSCAPE)
Reuters photo archive features some of the most dramatic and iconic moments ever captured
Media ID 5793184
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EDITORS COMMENTS
This print captures the stunning view of buildings standing proudly in front of Leblon Beach in Rio de Janeiro. The image, taken on February 25,2011, showcases the breathtaking scenery that has made Rio a picture-perfect destination. Rio de Janeiro is not only known for its natural beauty but also for its ambitious plans to host major global events like the World Cup in 2014 and the Olympic Games two years later. These upcoming events have fueled significant investments in infrastructure and development projects throughout the city. However, this housing boom is not exclusive to Rio; it reflects a broader trend across Brazil's emerging markets. As property values soar and demand increases, concerns about an asset bubble are mounting. Experts worry that these rapid price escalations may lead to an unsustainable market. Despite these concerns, there is no denying the allure of Brazil's booming real estate sector. This photograph encapsulates both the excitement surrounding Brazil's economic growth and the potential risks associated with it. Taken by Ricardo Moraes for Reuters Images, this powerful image serves as a reminder of how urban landscapes can shape our perceptions of progress and prosperity while simultaneously raising questions about long-term sustainability within rapidly developing economies like Brazil's.
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