Leio na Prospect :
House prices in the Dona Marta favela overlooking Botafogo beach in Rio de Janiero have quadrupled in the past year. Part of the reason is Brazil’s booming economy, probably more is President Lula’s policy of Bolsa Familia (providing a cash safety net of cash to the poorest Brazilians) but mostly it is because Dona Marta was the first in a pilot programme to take back the favelas from the drug dealers.
e na Forbes:
A property boom in some of the best-located favelas--those that boast better sea views than most luxury apartments on Copacabana and Ipanema beach--is already underway and has been the best medicine against the cocaine traffickers that once ruled there.
Since the arrival of a "Peace Unit" at the Dona Marta shanty in the Botafogo district (part of the PAC plan), home prices have risen fourfold, said one dweller. "I just sold a two-room brick house that was worth 8,000 real when drug traffickers still ran our favela for 30,000 real now that there is peace," said Ronaldo Pereira. Dona Marta is set on steep hillsides overlooking the Lagoa Rodrigo Freitas, which will be hosting the rowing events in 2016.
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