IBOV 176,388.02 ▼ 0.75% IPSA 11,329.08 ▲ 1.54% IPC MEX 66,537.33 ▼ 0.47% MERVAL 3,160,541 ▲ 0.13% COLCAP 2,372.49 ▲ 1.18% BVL PERÚ 58,781.02 ▲ 0.81% USD/BRL5.10▼ 0.34% USD/MXN17.22▼ 0.03% USD/CLP913.66▲ 0.01% USD/COP3,146▼ 1.92% USD/PEN3.38▼ 0.29% USD/ARS1,497▲ 0.05% USD/UYU40.24▲ 1.20% USD/PYG5,919▲ 1.22% USD/BOB11.81▼ 1.32% USD/DOP 58.30 — 0.00% USD/CRC449.80▲ 1.96% USD/GTQ7.62▲ 2.31% USD/HNL26.78▲ 0.64% USD/NIO36.62▲ 0.75% USD/VES754.01▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD156.98▲ 0.31% USD/TTD6.68▲ 0.31% EUR/BRL5.88▼ 0.83% BRENT 82.90 ▲ 4.34% WTI 78.01 ▲ 3.71% IRON ORE 161.91 — — COPPER 6.71 ▲ 0.07% GOLD 4,298 ▲ 1.23% SILVER 61.57 ▼ 0.86% SOY 1,174 ▲ 1.95% CORN 459.75 ▲ 5.27% WHEAT 628.25 ▼ 2.18% COFFEE 322.40 ▼ 1.38% SUGAR 15.54 ▲ 2.57% ORANGE JUICE 151.45 ▼ 3.96% COTTON 83.29 ▲ 1.77% COCOA 5,730 ▼ 2.58% BEEF 225.90 ▼ 3.53% CATTLE 343.88 ▼ 2.67% LITHIUM 72.57 ▼ 0.12% PETR4 42.13 ▲ 0.48% VALE3 75.78 ▼ 1.15% ITUB4 42.32 ▼ 0.14% BBDC4 17.71 ▼ 1.88% ABEV3 15.62 ▼ 1.39% BBAS3 20.35 ▼ 3.33% B3SA3 15.36 ▼ 1.22% WEGE3 48.42 ▼ 0.78% PRIO3 59.25 ▲ 0.08% SUZB3 42.35 ▼ 1.14% RENT3 38.12 ▼ 2.76% AZZA3 16.07 ▲ 0.69% CSAN3 3.81 ▼ 2.56% RAIZ4 0.26 — 0.00% PCAR3 2.91 ▼ 1.02% GMAT3 3.83 ▼ 1.54% PSSA3 52.54 ▼ 1.76% CVCB3 1.60 ▲ 3.23% POSI3 3.47 ▲ 0.29% SLCE3 13.34 ▼ 1.26% NATU3 8.23 ▼ 0.84% BRKM5 5.74 ▼ 2.21% RANI3 8.39 — 0.00% CSNA3 4.80 ▼ 1.84% CMIN3 5.84 ▼ 1.02% USIM5 7.27 ▼ 2.55% GGBR4 25.89 ▼ 1.60% ENEV3 26.44 ▼ 2.00% CPFE3 45.68 ▼ 0.89% CMIG4 11.18 ▼ 0.62% EQTL3 38.31 ▼ 2.22% LREN3 13.37 ▼ 2.19% VIVT3 31.19 ▼ 0.06% RAIL3 13.63 ▼ 2.57% KLABIN 18.17 ▼ 2.52% RAIA DROGASIL 20.02 ▼ 2.58% RDOR3 33.96 ▼ 1.42% HAPV3 11.10 ▼ 0.09% FLRY3 17.18 ▼ 1.04% SMTO3 14.28 ▼ 0.14% UGPA3 32.67 ▲ 0.80% VBBR3 34.96 ▼ 0.37% BBSE3 41.02 ▼ 1.56% BPAC11 56.42 ▼ 0.69% CURY3 31.52 ▼ 1.59% AERI3 2.27 ▼ 1.30% VIVARA 21.62 ▼ 3.01% COMPASS 23.47 ▼ 3.10% VAMOS 3.18 ▼ 4.22% SANB11 29.50 ▲ 0.07% ASAI3 8.66 ▼ 1.93% SBSP3 27.52 ▼ 0.69% WALMEX 48.94 ▲ 0.84% GMEXICO 218.99 ▼ 1.52% FEMSA 211.50 ▼ 1.34% CEMEX 19.54 ▼ 2.10% GFNORTE 198.33 ▼ 0.30% BIMBO 61.06 ▼ 0.16% TELEVISA 9.61 ▲ 0.95% AMX 20.60 ▼ 0.91% GAP 384.11 ▲ 2.59% ASUR 277.85 ▲ 1.80% OMA 238.42 ▲ 0.98% KOF 189.14 ▲ 1.03% GRUMA 255.02 ▼ 0.80% KIMBER 40.40 ▲ 0.60% SQM-B 66,152 ▲ 3.44% COPEC 6,289 ▲ 0.01% BSANTANDER 81.90 ▲ 2.12% FALABELLA 6,443 ▲ 1.52% ENELAM 87.30 ▲ 0.29% CENCOSUD 2,039 ▲ 0.94% CMPC 1,043 ▲ 1.27% BANCO CHILE 193.47 ▲ 1.71% LATAM AIR 26.47 ▲ 0.34% YPF 7,910 ▲ 2.93% GGAL 7,550 ▼ 1.18% PAMPA 5,345 ▲ 0.66% TXAR 685.00 ▲ 0.59% ALUAR 932.00 ▼ 0.85% TGS 9,375 ▲ 1.41% CEPU 2,264 ▲ 0.04% MIRGOR 1,620 — 0.00% COME 41.36 ▼ 0.22% LOMA NEGRA 3,468 ▼ 0.86% BYMA 284.75 ▼ 1.30% TELECOM ARG 4,358 ▲ 0.52% ECOPETROL 17.29 ▲ 5.49% BANCOLOMBIA 90.83 ▲ 0.77% GRUPO AVAL 5.16 ▼ 2.64% CREDICORP 394.63 ▼ 0.06% SOUTHERN COPPER 194.61 ▼ 1.21% BUENAVENTURA 32.54 ▼ 1.41% MERCADOLIBRE 1,784 ▼ 7.20% NUBANK 14.11 ▼ 2.56% XP 16.78 ▼ 1.18% PAGSEGURO 9.25 ▼ 1.65% STONE 11.05 ▼ 1.07% GLOBANT 37.05 ▼ 3.47% TECNOGLASS 46.23 ▼ 3.19% GAP AIRPORT 222.16 ▲ 2.13% ASUR 277.85 ▲ 1.80% OMA AIRPORT 110.68 ▲ 0.98% AMX ADR 23.88 ▼ 0.58% FEMSA ADR 122.80 ▼ 1.26% CEMEX ADR 11.30 ▼ 2.16% PETROBRAS ADR 18.56 ▲ 1.06% VALE ADR 14.82 ▼ 0.84% ITAU ADR 8.27 ▲ 0.73% SANTANDER BR 5.83 ▲ 0.60% AMBEV ADR 3.02 ▼ 0.50% CSN 0.96 ▼ 2.10% GERDAU 5.10 ▼ 0.88% LATAM ADR 57.92 ▲ 0.38% BTC 64,754 ▲ 0.24% ETH 1,915 ▲ 0.46% SOL 73.42 ▼ 0.73% XRP 1.05 ▼ 1.35% BNB 592.63 ▼ 0.10% ADA 0.21 ▲ 7.94% DOGE 0.07 ▼ 1.05% AVAX 6.49 ▼ 2.54% LINK 8.26 ▲ 1.36% DOT 0.82 ▼ 2.07% LTC 45.78 ▲ 1.12% BCH 214.97 ▲ 0.30% TRX 0.33 ▼ 0.08% XLM 0.16 ▼ 1.22% HBAR 0.07 ▼ 0.76% NEAR 1.68 ▼ 1.28% ATOM 1.38 ▲ 2.23% AAVE 89.11 ▼ 0.71% SELIC 14.00% EMBRAER 91.46 ▼ 1.67% EMBRAER ADR 71.71 ▼ 1.48% JBS 13.61 ▼ 0.69% JBS BDR 69.06 ▼ 2.10% MBRF3 16.49 ▼ 1.67% MBRFY 3.23 ▲ 3.53% INTER 5.63 ▼ 1.38% EGX 54,677 ▲ 0.03% USD/ZAR16.35▲ 0.21% USD/NGN1,361▼ 0.11% NIKKEI 65,683 ▼ 0.93% CSI300 4,651 ▼ 0.15% HSI 25,530 ▼ 1.49% NIFTY 24,636 ▲ 0.05% KOSPI 6,296 ▼ 4.58% JCI 6,344 ▼ 0.12% USD/JPY158.48▲ 0.46% USD/CNY6.74▼ 0.15% DAX 26,140 ▲ 0.05% CAC 8,700 ▲ 0.35% FTSE 10,868 ▼ 0.19% MIB 53,683 ▲ 0.44% IBEX 20,180 ▲ 0.62% STOXX 658.19 ▲ 0.16% EUR/USD1.15▼ 0.24% GBP/USD1.35▲ 0.04% SPX 7,708 ▼ 0.20% DJI 54,002 ▼ 0.64% NDX 29,406 ▼ 0.28% RUT 3,012 ▼ 0.25% TSX 36,049 ▼ 0.27% VIX 15.33 ▼ 3.04% USD/CAD1.40▲ 0.07% US10Y 4.6720 ▲ 1.19% IBOV 176,388.02 ▼ 0.75% IPSA 11,329.08 ▲ 1.54% IPC MEX 66,537.33 ▼ 0.47% MERVAL 3,160,541 ▲ 0.13% COLCAP 2,372.49 ▲ 1.18% BVL PERÚ 58,781.02 ▲ 0.81% USD/BRL 5.10 ▼ 0.34% USD/MXN 17.22 ▼ 0.03% USD/CLP 913.66 ▲ 0.01% USD/COP 3,146 ▼ 1.92% USD/PEN 3.38 ▼ 0.29% USD/ARS 1,497 ▲ 0.05% USD/UYU 40.24 ▲ 1.20% USD/PYG 5,919 ▲ 1.22% USD/BOB 11.81 ▼ 1.32% USD/DOP 58.30 — 0.00% USD/CRC 449.80 ▲ 1.96% USD/GTQ 7.62 ▲ 2.31% USD/HNL 26.78 ▲ 0.64% USD/NIO 36.62 ▲ 0.75% USD/VES 754.01 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 156.98 ▲ 0.31% USD/TTD 6.68 ▲ 0.31% EUR/BRL 5.88 ▼ 0.83% BRENT 82.90 ▲ 4.34% WTI 78.01 ▲ 3.71% IRON ORE 161.91 — — COPPER 6.71 ▲ 0.07% GOLD 4,298 ▲ 1.23% SILVER 61.57 ▼ 0.86% SOY 1,174 ▲ 1.95% CORN 459.75 ▲ 5.27% WHEAT 628.25 ▼ 2.18% COFFEE 322.40 ▼ 1.38% SUGAR 15.54 ▲ 2.57% ORANGE JUICE 151.45 ▼ 3.96% COTTON 83.29 ▲ 1.77% COCOA 5,730 ▼ 2.58% BEEF 225.90 ▼ 3.53% CATTLE 343.88 ▼ 2.67% LITHIUM 72.57 ▼ 0.12% PETR4 42.13 ▲ 0.48% VALE3 75.78 ▼ 1.15% ITUB4 42.32 ▼ 0.14% BBDC4 17.71 ▼ 1.88% ABEV3 15.62 ▼ 1.39% BBAS3 20.35 ▼ 3.33% B3SA3 15.36 ▼ 1.22% WEGE3 48.42 ▼ 0.78% PRIO3 59.25 ▲ 0.08% SUZB3 42.35 ▼ 1.14% RENT3 38.12 ▼ 2.76% AZZA3 16.07 ▲ 0.69% CSAN3 3.81 ▼ 2.56% RAIZ4 0.26 — 0.00% PCAR3 2.91 ▼ 1.02% GMAT3 3.83 ▼ 1.54% PSSA3 52.54 ▼ 1.76% CVCB3 1.60 ▲ 3.23% POSI3 3.47 ▲ 0.29% SLCE3 13.34 ▼ 1.26% NATU3 8.23 ▼ 0.84% BRKM5 5.74 ▼ 2.21% RANI3 8.39 — 0.00% CSNA3 4.80 ▼ 1.84% CMIN3 5.84 ▼ 1.02% USIM5 7.27 ▼ 2.55% GGBR4 25.89 ▼ 1.60% ENEV3 26.44 ▼ 2.00% CPFE3 45.68 ▼ 0.89% CMIG4 11.18 ▼ 0.62% EQTL3 38.31 ▼ 2.22% LREN3 13.37 ▼ 2.19% VIVT3 31.19 ▼ 0.06% RAIL3 13.63 ▼ 2.57% KLABIN 18.17 ▼ 2.52% RAIA DROGASIL 20.02 ▼ 2.58% RDOR3 33.96 ▼ 1.42% HAPV3 11.10 ▼ 0.09% FLRY3 17.18 ▼ 1.04% SMTO3 14.28 ▼ 0.14% UGPA3 32.67 ▲ 0.80% VBBR3 34.96 ▼ 0.37% BBSE3 41.02 ▼ 1.56% BPAC11 56.42 ▼ 0.69% CURY3 31.52 ▼ 1.59% AERI3 2.27 ▼ 1.30% VIVARA 21.62 ▼ 3.01% COMPASS 23.47 ▼ 3.10% VAMOS 3.18 ▼ 4.22% SANB11 29.50 ▲ 0.07% ASAI3 8.66 ▼ 1.93% SBSP3 27.52 ▼ 0.69% WALMEX 48.94 ▲ 0.84% GMEXICO 218.99 ▼ 1.52% FEMSA 211.50 ▼ 1.34% CEMEX 19.54 ▼ 2.10% GFNORTE 198.33 ▼ 0.30% BIMBO 61.06 ▼ 0.16% TELEVISA 9.61 ▲ 0.95% AMX 20.60 ▼ 0.91% GAP 384.11 ▲ 2.59% ASUR 277.85 ▲ 1.80% OMA 238.42 ▲ 0.98% KOF 189.14 ▲ 1.03% GRUMA 255.02 ▼ 0.80% KIMBER 40.40 ▲ 0.60% SQM-B 66,152 ▲ 3.44% COPEC 6,289 ▲ 0.01% BSANTANDER 81.90 ▲ 2.12% FALABELLA 6,443 ▲ 1.52% ENELAM 87.30 ▲ 0.29% CENCOSUD 2,039 ▲ 0.94% CMPC 1,043 ▲ 1.27% BANCO CHILE 193.47 ▲ 1.71% LATAM AIR 26.47 ▲ 0.34% YPF 7,910 ▲ 2.93% GGAL 7,550 ▼ 1.18% PAMPA 5,345 ▲ 0.66% TXAR 685.00 ▲ 0.59% ALUAR 932.00 ▼ 0.85% TGS 9,375 ▲ 1.41% CEPU 2,264 ▲ 0.04% MIRGOR 1,620 — 0.00% COME 41.36 ▼ 0.22% LOMA NEGRA 3,468 ▼ 0.86% BYMA 284.75 ▼ 1.30% TELECOM ARG 4,358 ▲ 0.52% ECOPETROL 17.29 ▲ 5.49% BANCOLOMBIA 90.83 ▲ 0.77% GRUPO AVAL 5.16 ▼ 2.64% CREDICORP 394.63 ▼ 0.06% SOUTHERN COPPER 194.61 ▼ 1.21% BUENAVENTURA 32.54 ▼ 1.41% MERCADOLIBRE 1,784 ▼ 7.20% NUBANK 14.11 ▼ 2.56% XP 16.78 ▼ 1.18% PAGSEGURO 9.25 ▼ 1.65% STONE 11.05 ▼ 1.07% GLOBANT 37.05 ▼ 3.47% TECNOGLASS 46.23 ▼ 3.19% GAP AIRPORT 222.16 ▲ 2.13% ASUR 277.85 ▲ 1.80% OMA AIRPORT 110.68 ▲ 0.98% AMX ADR 23.88 ▼ 0.58% FEMSA ADR 122.80 ▼ 1.26% CEMEX ADR 11.30 ▼ 2.16% PETROBRAS ADR 18.56 ▲ 1.06% VALE ADR 14.82 ▼ 0.84% ITAU ADR 8.27 ▲ 0.73% SANTANDER BR 5.83 ▲ 0.60% AMBEV ADR 3.02 ▼ 0.50% CSN 0.96 ▼ 2.10% GERDAU 5.10 ▼ 0.88% LATAM ADR 57.92 ▲ 0.38% BTC 64,754 ▲ 0.24% ETH 1,915 ▲ 0.46% SOL 73.42 ▼ 0.73% XRP 1.05 ▼ 1.35% BNB 592.63 ▼ 0.10% ADA 0.21 ▲ 7.94% DOGE 0.07 ▼ 1.05% AVAX 6.49 ▼ 2.54% LINK 8.26 ▲ 1.36% DOT 0.82 ▼ 2.07% LTC 45.78 ▲ 1.12% BCH 214.97 ▲ 0.30% TRX 0.33 ▼ 0.08% XLM 0.16 ▼ 1.22% HBAR 0.07 ▼ 0.76% NEAR 1.68 ▼ 1.28% ATOM 1.38 ▲ 2.23% AAVE 89.11 ▼ 0.71% SELIC 14.00% EMBRAER 91.46 ▼ 1.67% EMBRAER ADR 71.71 ▼ 1.48% JBS 13.61 ▼ 0.69% JBS BDR 69.06 ▼ 2.10% MBRF3 16.49 ▼ 1.67% MBRFY 3.23 ▲ 3.53% INTER 5.63 ▼ 1.38% EGX 54,677 ▲ 0.03% USD/ZAR 16.36 ▲ 0.19% USD/NGN 1,361 ▲ 0.07% NIKKEI 65,683 ▼ 0.93% CSI300 4,651 ▼ 0.15% HSI 25,530 ▼ 1.49% NIFTY 24,636 ▲ 0.05% KOSPI 6,296 ▼ 4.58% JCI 6,344 ▼ 0.12% USD/JPY 158.49 ▲ 0.52% USD/CNY 6.7397 ▼ 0.01% DAX 26,140 ▲ 0.05% CAC 8,700 ▲ 0.35% FTSE 10,868 ▼ 0.19% MIB 53,683 ▲ 0.44% IBEX 20,180 ▲ 0.62% STOXX 658.19 ▲ 0.16% EUR/USD 1.1523 ▼ 0.28% GBP/USD 1.3455 ▼ 0.10% SPX 7,708 ▼ 0.20% DJI 54,002 ▼ 0.64% NDX 29,406 ▼ 0.28% RUT 3,012 ▼ 0.25% TSX 36,049 ▼ 0.27% VIX 15.33 ▼ 3.04% USD/CAD 1.4024 ▲ 0.09% US10Y 4.6720 ▲ 1.19%
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Life & Society Real Estate

Favela Homes, One Layer at a Time

By · November 9, 2010 · 3 min read

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By Cecilie Hestbæk, Contributing Reporter

RIO DE JANEIRO, BRAZIL – The expansion of the favelas of Rio is a heavily discussed topic. The rapidly growing slum areas provide homes for a rising number of people at an alarming rate, at the expense of the surrounding rainforest. However, the actual process of building a house in a favela often takes years of patience and hard work.

Rio's favela homes built on top of old ones, photo by Cecilie Hestbæk.
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When Patricia Pereira, lifetime resident of the favela Babilônia in Zona Sul, got married and had a daughter, she inherited a piece of land in the morro (hill side) from her grandparents, and the construction of a new home for her young family began.

As soon as the building started to take shape, Pereira and her husband moved from her parents’ house and into the space with a temporary roof and walls. Now, seven years later, they recently finished the construction, and she is now proud to say that she will never leave her house – and when the time comes, she will be able to pass it on to her daughter.

The construction process has been long and expensive, Pereira explains. “We built everything ourselves while working full time, and we were only able to purchase few building materials at a time, because of course we still had to buy food, clothes and so on.”

The UPP pacified Babilônia favela seems to be filled with construction sites, but only two small shops provide materials such as bricks, concrete, and other supplies. To supplement this, it is often necessary to travel to stores outside the favela, which means hard-earned money spent on transportation of the heavy materials up the steep roads of the morro.

Only few of the buildings in Babylônia are completely finished, photo by Cecilie Hestbæk.

The recent implementation of the UPP in Babilônia and neighboring Chapéu Mangueira has made many things easier for the inhabitants. Now all homes are provided with water and electricity, and with the increased feeling of safety, house prices have increased. The price of a house in the favela has ranged from around R$16,000 to R$30,000, but recently a house was sold for as much as R$60,000.

The greater safety in the area also means more possibilities of locals to rent out rooms or floors of their house. In Vidigal and Rocinha (Rio’s largest favelas), long term rentals of an apartment can be as low as R$250 per month. Here and in other communities like Babylônia, residents are seeing prices rise as more outsiders enter.

The community recently started official favela tours, which several inhabitants hope to use as a foundation for the offering day-to-day rentals in time for the 2014 World Cup, so they can earn more money on the empty spaces in their houses.

For those not fortunate enough to have built a home there yet, however, the police presence in the area has put an end to the favela expansion. This means that if their family does not own land yet, many of the next generation will have to leave Babilônia in order to build a home for themselves as their parents did.

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