Sunday, January 13, 2013

The Full Feed from HuffingtonPost.com: Rio Favela Development: Brazilian Slums Turn From No-Go To Must-Buy

The Full Feed from HuffingtonPost.com
The Full Feed from HuffingtonPost.com
Rio Favela Development: Brazilian Slums Turn From No-Go To Must-Buy
Jan 13th 2013, 17:45

RIO DE JANEIRO -- Five years ago, Rio de Janeiro's "favela" hillside slums had such a bad rap that they were virtual no-go zones, where drug lords laid down the law and outsiders set foot at their peril.

But since 2011, police have seized control of dozens of favelas from drug gangs, and things have changed so dramatically that some of the slums are now seen as hot real estate investments – so hot, in fact, that two Europeans recently locked horns in a legal battle over a battered favela house.


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