The Real Estate Dynamics in the Surroundings of Complexo do Alemão

Abstract

A virtuous circle of local development resulting from integrated public policies took place in one of the most conflicted areas of Rio de Janeiro: the Complexo do Alemão. The combination of investments in urban infrastructure, housing, social facilities and public safety, promoted by the three governmental spheres in the last ten years in this locality and in its immediate surroundings, resulted in an unequivocal expansion of economic activities and the supply of work and income, and in the real estate valuation inside and outside the favela. The maintenance of this positive momentum, however, is now threatened by the deep political and economic crisis that broke out in the country, particularly in our State. The objective of this article is to analyze the behavior of the real estate market in the region, having as a reference frame the Growth Acceleration Program (PAC), started in 2008, with a view to contributing to a reflection about the possible public strategies for the preservation of the gains achieved.