36 Luxury most recent, for Sale, in Rio de Janeiro, Lagoa

Beautiful apartment completely renovated by an architect in Lagoa! This magnificent 211 m² property features a spacious living room with a 120-inch screen and projector, seamlessly integrating with a large balcony with glass curtains. The apartment, originally with four bedrooms, was transformed into three suites, providing more comfort and privacy. It also includes a half bath, breakfast nook, large kitchen, laundry area, and complete staff quarters. The entire apartment is automated and ready to move in!

Each room in this property is equipped with split air conditioning, modern lighting, and new built-in wardrobes, offering a sophisticated and functional environment. The quartz flooring throughout, towel warmers in the bathrooms, and security cameras are just some of the details that showcase the care and quality of this renovation. Additionally, the property is available fully furnished, allowing you to move in without any additional concerns.

The building offers complete infrastructure for your well-being and security, including a pool, gym, sauna, hot tub, and 24-hour doorman with cameras. With three garage spaces, you will have all the space you need for your convenience. This apartment can be sold fully furnished, according to your preference.

Apartment in a privileged area of the city, with views of the Lagoon, mountains, and Christ the Redeemer. Spacious and with renovation potential, it features a large living room with three areas, ideal for hosting guests and family moments. The private balcony has a pool, perfect for relaxing and enjoying the scenery.

The property includes a functional office for professional activities or studies. It has three bedrooms, two of which are suites, ensuring comfort and privacy, plus an additional social bathroom for added convenience. The eat-in kitchen is well-equipped for meal preparation, and there is a convenient service area with full accommodations.

The circular floor plan guarantees spacious, bright, and airy rooms in all areas. The view of the green area provides a tranquil and relaxing atmosphere. The apartment offers two parking spaces for greater convenience. The 24-hour doorman ensures security and peace of mind for you and your family.

Don’t miss the opportunity to transform this property into your dream home, in a truly privileged location. It’s a unique chance to acquire an apartment with all these features and enormous potential to become the ideal residence.

With such a complete structure, this apartment meets all your needs, providing a comfortable, safe, and well-located environment. Take advantage of this investment in a property that offers everything you need to live well and enjoy an incredible view in one of the best areas of the city.

Emplacement plus que privilégié à Lagoa Rodrigo de Freitas.

Maison de 529M2 de surface construite au milieu de la végétation et d’une vue imprenable.

Rue avec sécurité privée payée par les résidents.

Planifiez votre visite via WhatsApp.

This apartment, located in one of the most privileged locations in Lagoa, offers a contemporary and elegant design, creating an environment of luxury and sophistication for you and your family to enjoy.

The living room is an invitation to relaxation and conviviality, with a warm atmosphere conducive to unforgettable moments. Originally composed of three suites, this accommodation has been reconfigured to offer two suites and an elegant closet with bathroom, each room designed to provide privacy and comfort, making it perfect for those who value space and refinement.

The open-plan kitchen integrated into the living room is a versatile and functional space, ideal for preparing your favorite meals while interacting with the other rooms. Additionally, the full service room offers practicality and convenience for your daily life.

A gourmet balcony will allow you to enjoy outdoor moments with your family and friends.

In addition to its privileged location, the building offers a wide range of amenities and leisure options to make your experience even more complete. With three parking spaces, a swimming pool, barbecue area, gourmet space, gym, multipurpose sports court, playground, game room, party room, and lush green area, you will have everything you need at your fingertips.

For added peace of mind, the building offers 24-hour security.

Located in a high-end luxury condominium with complete infrastructure, this impressive apartment, with a project signed by the renowned architect Sig Bergamin, offers the utmost comfort.

With an area of 260 m2, this apartment has been completely renovated, including an extension of the balcony, providing a breathtaking panoramic view of the city and the Christ the Redeemer statue. The entire space is covered in elegant Travertine Marble, bringing even more sophistication to each environment.

Upon entering, you will be greeted by a spacious living room, composed of three distinct areas, perfect for entertaining friends and family with comfort and style. The powder room, with impeccable finishes, complements the social environment.

The kitchen has been fully planned and is equipped with state-of-the-art appliances and a charming wine cellar. Additionally, there is a service area with complete dependence, ensuring practicality and organization to everyday life.

The apartment features two magnificent suites, both with closets and fine built-in wardrobes, providing maximum comfort and privacy. The master suite, in particular, is a true retreat, with generous space and design details that guarantee an unparalleled luxury experience.

This exclusive condominium offers a range of amenities for its residents, including a playground for children, a games room, and a fully equipped gym.

Apartment for sale in Lagoa, 3 Suites, 2 Balconies, 1 parking space and panoramic views over the lagoon.
Delivery scheduled for June 2025.

Last unit in the Azuis Mozak project

Promotional price: R$ 4,337,831.20 cash only, until 31/03/2024.
Original price: R$ 5,736,143.67.

Prices from March 2024, subject to change.

Bright flat with superb panoramic views over Lagoa. Very modern architecture and equipment. 3 suites, open-plan kitchen, 2 balconies and 1 parking space.
Highlight: Two balconies, with two different exposures, allowing you to enjoy both sunrise and sunset!

Plans available on the advert.

Building amenities :

Security: Alarm, perimeter sensors and CCTV.

Sustainability:
- Charging for electric vehicles and bicycles
- Metals in communal areas with water-saving pressure valves
- Toilets with water-saving dual flush system
- Presence sensor lighting
- LED lights
- Selective waste collection
- Automated irrigation

About the neighbourhood :

Lagoa
The residential area of Lagoa Rodrigo de Freitas is very popular. Restaurants and bars are of a high standard. Lagoa offers a wide range of sporting activities.

Horizon Rio, a new real estate agency in Rio de Janeiro that offers you a personalised and innovative experience in the search for luxury properties.

A completely renovated, spacious, bright, and airy apartment with a circular layout that creates a welcoming and functional ambiance.

In the social area, there is a dining room, perfect for moments of socializing and celebration, and a powder room, adding practicality and comfort. The balcony offers a spectacular view of the Christ the Redeemer, creating a stunning backdrop for relaxation and appreciation.

The intimate has four suites, each with its own balcony, providing a private and cozy retreat. The master suite stands out with a spacious closet, adding practicality and luxury to your daily life.

The spacious kitchen is also a highlight of this property, featuring a dining area that caters to all daily needs. Offering even more flexibility, it includes complete dependencies.

The unit comes with three parking spaces, a doorman from 8 am to 8 pm, and recreational facilities that include a swimming pool, party room, and barbecue area.

Ideally located, this apartment for rent is situated in a high-end building, offering complete infrastructure and security with a 24-hour concierge. The property, with its generous 374 sqm, stands out for its excellent state of preservation.

Upon entering, one can appreciate a large balcony, followed by a living room divided into three distinct areas, providing versatile spaces for socializing. The powder room adds practicality to the social environment. The apartment features four bedrooms, including one suite and a master suite with two walk-in closets, ensuring comfort and privacy for residents.

The fully planned kitchen and laundry room reflect the attention to detail in space design. The property also has complete dependencies and four parking spaces, as stated in the deed.

In addition to its impeccable structure, the apartment offers a breathtaking panoramic view of the Lagoon and Christ the Redeemer, standing out for its brightness and ventilation. This is a unique opportunity to live with refinement and comfort in one of the most coveted addresses.

This magnificent 200m² apartment offers an extraordinary residential experience, situated in one of the most privileged locations in Rio de Janeiro, with breathtaking views of Lagoa Rodrigo de Freitas. Combining classic and contemporary charm, this residence achieves the perfect balance between tradition and modernity.

The hardwood floor creates a welcoming atmosphere, providing a sense of spaciousness upon entry. The clever layout of the 3 bedrooms offers comfort and privacy to the residents. The refined decoration stands out for preserving classic and original elements, adding authenticity and history to the environment.

The kitchen and dining area of this property are notable for their functionality, designed to meet daily needs. Next door, a complete service area adds additional convenience. The noise-resistant windows are a distinctive feature, efficiently isolating the interior from the city’s hustle and bustle.

With one parking space, the property offers convenience and security to the owner, a valuable advantage in urban areas, ensuring a safe and convenient parking space. This residence is more than a home; it is an expression of refined lifestyle in a stunning setting.

Located in the affluent neighborhood of Lagoa in Rio de Janeiro, Brazil, this 300 sqm (3,230 sq. ft.) two-floor penthouse has a large terrace overlooking spectacular views.

The first floor consists of a family room and three bedrooms with mahogany floorings. The second floor features Turkish travertine honed marble in the living room, dining room, and terrace.

There is a 9-meter swimming pool with Italian Bisazza mosaic and artistic shadowy deck chairs on the terrace, contrasting with the neutral tone of the rest of the living spaces.

This stunning apartment captivates with panoramic views of the lagoon, Cristo Redentor, the Dois Irmãos, and the majestic Pedra da Gávea. Its spacious layout includes a living room that opens onto a balcony, providing an unparalleled panorama.

Furthermore, the apartment features a powder room, a complete kitchen with a service area, and a full dependency. The spotlight extends to four elegantly designed suites, complemented by a closet.

There’s only one apartment per floor, ensuring increased privacy. The building offers top-notch amenities, such as a gym and a children’s play area, all reinforced by 24-hour security. Structural plans are in place to expand the gym, adding extra value to this unique property.

Its proximity to local conveniences, iconic attractions, and green spaces make it an ideal choice for families, professionals, and nature enthusiasts. Whether for living or investing, this is a splendid opportunity that presents the best of the Carioca lifestyle.

Apartment of high standard, a true refuge in the heart of the city. With a privileged location in Lagoa and 550 m2, this magnificent property occupies an entire floor, offering privacy and exclusivity to its residents.

The apartment has a well distributed plan, with 5 bedrooms, being 4 elegant and spacious suites, as well as a toilet, all designed to provide comfort and sophistication in every detail. There is still the possibility of turning one of the suites into a fifth bedroom.

The 360-degree panoramic view is simply stunning, offering a magnificent setting to contemplate the Lagoon, Christ the Redeemer, Pedra da Gávea and the Dois Irmãos. In addition, the apartment is totally unwanted, guaranteeing absolute privacy to the residents.

The internal environments are marked by refinement and impeccable finishing, with CAP joinery and ORNARE cabinets, ensuring an organized and functional space. The kitchen and pantry are separated, providing a complete gourmet experience.

Comfort is ensured by means of Split air conditioning in all rooms, enabling a pleasant environment in any season of the year. The electrical and hydraulic part have already been renovated, giving more tranquility to the future owners.

The apartment also has 3 service facilities and a box for additional storage. Access is facilitated by exclusive elevators to the floor, bringing even more practicality to the daily routine.

Security is one of the highlights of this property, with 24-hour doormen, as well as surveillance cameras, ensuring the complete protection of residents.

The moments of leisure and entertainment are unforgettable with the various options available in the condominium, which has a swimming pool, ballroom / play and a complete gym.

The 3 covered spaces in the garage and the 14 spaces of visitors guarantee convenience to the residents and their guests.

This is an apartment that offers an incomparable lifestyle, uniting sophistication, privacy, security and an exceptional location in Lagoa. If you seek the best in luxury and comfort, this is the perfect property for you.

Localizada em uma das áreas mais privilegiadas do Rio de Janeiro, a cobertura é um verdadeiro sonho para quem busca conforto e exclusividade. Com uma área total de 500 metros quadrados e dois andares, a residência fica situada na Lagoa com uma vista deslumbrante da Lagoa Rodrigo de Freitas e do Cristo Redentor.

No primeiro andar, a cobertura conta com uma entrada imponente que leva a uma galeria elegante e espaçosa. Logo em seguida, há uma ampla sala de estar, uma sala de jantar acolhedora e um lavabo sofisticado. A cozinha é moderna e equipada com todos os eletrodomésticos necessários para cozinhar com conforto e praticidade, além de uma área de serviço completa e uma dependência de empregada.

A cobertura ainda possui uma biblioteca aconchegante e uma suíte master com dois closets e dois banheiros, originalmente dois quartos. Além disso, há uma outra suíte completa, que completa o primeiro andar da residência.

No segundo andar, há um terraço incrível, com vista panorâmica para a lagoa, que dispõe de uma piscina de tirar o fôlego e uma sala de estar confortável e elegante. Há também um jardim suspenso, com um bar perfeito para receber amigos e familiares.

A cobertura oferece ainda quatro vagas de garagem, garantindo total conforto e segurança para os moradores. O sistema de segurança com câmeras garante a tranquilidade e privacidade necessárias para viver em uma residência de alto padrão.

Exceptional 1000m2 penthouse with 6 bedrooms for sale in Lagoa, Rio de Janeiro, Brazil.

The 1000m2 are distributed over 2 floors, being:

On the main floor: private hall, large living room in 3 environments, integrated with a large balcony, dining room, toilet, TV room/office, 4 suites (3 with dressing room), large planned kitchen, service area and 3 complete outbuildings. Access to the second floor via an attractive linear staircase or the service staircase.

On the second floor: large living room with 3 ambiances integrated into the open gourmet kitchen with central island, TV/cinema room, office, 2 suites (1 with dressing room and balcony overlooking the vegetation), outdoor area with 360° terrace that occupies the entire second-floor environment, terrace with beautiful views of Christ the Redeemer, the forest and the botanical garden, with large swimming pool, Jacuzzi, steam room, extra bathroom, electric awning, gourmet area with barbecue.

High-quality condominium with complete infrastructure, 2 swimming pools, dry and steam saunas, sports grounds, spa, gym and massage room.

24-hour doorman and surveillance circuit. Plus 8 parking spaces.

Lagoa is a unique district of Rio de Janeiro. It’s one of the city’s quietest and safest neighborhoods, with magnificent views of the surrounding nature.

Circularly designed apartment completely renovated for sale in the Lagoa neighborhood, Rio de Janeiro, with magnificent views of Lagoa Rodrigo de Freitas and Morro Dois Irmãos.

The property was fully renovated in 2020 with high-end finishes. From the elevator, you have access to a private hallway. You enter into a spacious living room with a balcony and breathtaking views of Lagoa Rodrigo de Freitas. The room encompasses three areas: the TV space, dining area, and lounge. There is also a designated area for a home office.

The bedrooms are located at the back of the apartment and enjoy views of the forest and Ipanema’s sea. There is a master suite with a walk-in closet and a children’s bedroom with a bathroom. The large, fully equipped, and planned kitchen offers a green view of the main room. The apartment also has a service area with a spacious maid’s room and a bathroom that can be converted into an office.

The apartment is sold fully furnished with high-quality materials. Just come and unpack your bags!

The building also features 2 parking spaces (one covered and one uncovered for visitors). The building is well-managed with a 24-hour doorman.

The window/balcony safety nets are optional and have been installed by the current owner. They can be easily removed.

Beautiful 162 m2 duplex penthouse with 3 bedrooms for sale in Lagoa, Rio de Janeiro, Brazil.

This penthouse is divided into 2 floors:

First Floor: living room in two environments open to a closed veranda. Linear planned kitchen with service area and complete dependence. In the intimate part, 2 bedrooms being 2 suites, one of which with closet.

On the second floor: at the top of the stairs, a living room / dining room, with a beautiful ceiling capturing the light and the view of Christ the Redeemer, a gourmet balcony, overlooking the Lagoa with barbecue and shower. Finally, a suite with reversible bathroom (suite/social) also offering a beautiful view of Christ the Redeemer.

Good building with 24 hour doorman, security circuit with cameras in all common areas, playground with bathroom, kitchen and mini gym. Also, 1 comfortable parking space.

Excellent location between Lagoa Rodrigo de Freitas and Rua Jardim Botânico, on Avenida Alexandre Ferreira, close to a charming shopping area and easy transportation.

Lagoa is an exclusive neighborhood in the southern zone of Rio de Janeiro, ideal for families. It has several restaurants and quality shops as well as a long bicycle path that runs along the entire lake, which is very pleasant to walk along.

Excellent penthouse with swimming pool for sale in lagoa.

Excellent coverage of 317m2 in the Lagoon, which is distributed in the following way;

1st Floor: Upon entering, we have a large living room, and a hallway that connects the living room to the 3 suites on the first floor, there are built-in closets to store the bed linen.
3 suites and complete dependency. The kitchen is fully equipped and there are also facilities planned. This floor consists of a projection screen and premium speakers built into the lounge. In the intimate area there are 3 suites with walk-in closet.

2nd Floor: We have TV room, entrance hall, 1 excellent suite, bathroom, an outdoor area with heated pool and hydromassage, deck and access to stairs to the 3rd floor.
There are 2 external stairs connecting to the 2nd and 3rd floors.
The external area of the second floor is quite wide, has a swimming pool and an external space of 360 degrees, where you have a stunning view.

3rd Floor: There is the terrace without cover and the laser area with barbecue, pizza oven and shower. The white floor on the 3rd floor is athemic and non-slip castellatto. There is also an excellent aluminum external cabinet where many items and kitchenware can be stored.

The building has a 24-hour concierge and 3 parking spaces.

317 m2.
4 suites.
Recently reformed.
Natural lighting, and view.

The residential area around Lagoa Rodrigo de Freitas is very popular. The restaurants and bars are of a high standard. Lagoa offers numerous opportunities for sporting activities.

Horizon Rio, a new boutique real estate agency in Rio de Janeiro that offers you a personalized and innovative experience in the hunt for luxury real estate.

Excellent renovated 4-bedroom apartment for sale in Lagoa.

The apartment is 155 m2, spacious and well distributed.
It has a very large living room that is divided into 2 environments; dining room/living room with plenty of natural lighting. There is a very cozy and modern kitchen, with access to the service area.
In the intimate area there are 4 excellent bedrooms, 1 of which is en-suite.

The building has 24-hour reception, 2 parking spaces in the garage.

- 155 m2.
- 4 bedrooms, 1 suite.
- Natural Lighting.

The residential area around Lagoa Rodrigo de Freitas is very popular. The restaurants and bars are of a high standard. Lagoa offers numerous opportunities for sporting activities.

Horizon Rio, a new boutique real estate agency in Rio de Janeiro that offers you a personalized and innovative experience in luxury real estate hunting.

Beautiful renovated apartment for sale in Lagoa.

The apartment has 207m2, is spacious and well distributed.

It has a very large room that receives all ventilation and natural lighting from the balcony.
The apartment consists of a large and comfortable intimate area.
There are 4 excellent rooms, 3 of which are suites, also have a great incidence of natural light. A beautiful kitchen that connects to the service area that are well planned.

The building has a 24hrs doorman and 2 parking spaces.

207 m2.
4 bedrooms, 3 suite.
Natural Lighting.

The residential area around Lagoa Rodrigo de Freitas is very popular. The restaurants and bars are of a high standard. Lagoa itself offers countless opportunities for sporting activities.

Horizon Rio, a new boutique real estate agency in Rio de Janeiro that offers you a personalized and innovative experience in the hunt for luxury real estate.

House with a breathtaking view of the Rodrigo de Freitas lagoon and Christ the Redeemer.

The house was made entirely of special wood, composed of three floors, with elevator and walled, located in a street of Fonte da Saudade.

It has a sloping ground, composed on the second floor by a spacious uncovered terrace in stone of São Tomé, a Desjoyaux infinity pool, of French technology, and an office.

On the second floor there is a large L-shaped living room, with good woodwork, divided into a dining room, a living room and another living room attached to a solid wood bar, with a large veranda and a fully equipped kitchen with cupboards.

Descending we meet the intimate area with four bedrooms, three of which are en-suite, and the possibility of building the bathroom for the fourth suite, with a balcony connecting two rooms.

Going down one more floor we find a gym, while on the top floor below we have a large indoor pool, in the same French technology, with a games room, pantry and sauna with changing room.

The house also has a large covered garage that can accommodate four medium-sized cars.

505 m2 penthouse for sale in Lagoa overlooking Christ the Redeemer and the lagoon - 2 bedrooms - terrace with jacuzzi

THE APARTMENT

The apartment comprises two floors:

On the 1st floor, a very large living room, which offers a spacious balcony with a breathtaking view of the lagoon.
The living room has two distinct environments: a dining room/TV room and an office with a library.
Originally comprising 4 bedrooms, the apartment now boasts a master suite with 2 bathrooms and 2 dressing rooms, as well as another suite with bathroom and shower in the entrance hall.
The kitchen is spacious and functional, with a laundry area.

On the second floor, accessed by a staircase, is a spacious living room with an incredible view of Christ the Redeemer.
Direct access leads to the swimming pool, which offers sensational views of Christ and Morro Dois Irmãos.
A hammam can also be installed.

The penthouse has an emergency exit linking the second-floor pantry and the kitchen.

THE RESIDENCE

-Concierge from 7 a.m. to 10 p.m.
-4 parking spaces

THE NEIHBORHOOD

The residential area around Lagoa Rodrigo de Freitas is very popular. Restaurants and bars are of a high standard.
The lagoon itself offers many opportunities for sporting activities.

HORIZON RIO

Horizon Rio is a new real estate agency in Rio de Janeiro offering a personalized and innovative experience in the search for luxury properties.

Translated with DeepL.com (free version)

Duplex penthouse with views of Lagoa, Morro Dois Irmãos and Pedra da Gávea. Next to the Maestros condominium, Fonte da Saudade and all the infrastructure of the area. The penthouse has 505m2 and 5 spacious bedrooms.

Bright and airy property, composed of a large living room, dining room, toilet, 3 spacious bedrooms and 2 suites. Planned kitchen, laundry area and complete outbuildings. Large terrace with barbecue and outdoor area with pool and sauna.

The terrace is very pleasant and has a panoramic view of Lagoa, ideal to enjoy the beautiful sun of Rio de Janeiro. The second floor has a large room used as a bedroom, toilet, office and kitchen.

The building is well managed and has 3 parking spaces.

High standing building with 24 hour concierge service, gym and playground.

Lagoa is an exclusive neighborhood in the southern part of Rio de Janeiro. With its many bars, restaurants and high quality shops, it is a great place to live.

This 505m2 duplex penthouse with 5 bedrooms is therefore ideally located and is an excellent opportunity to invest or to settle in the city of Rio de Janeiro, Brazil.

Excellent renovated duplex penthouse of 3 bedrooms for sale, which is located in lagoa.

The duplex cover has 170 m2, which is distributed as follows:

1 Floor; There is a large and cozy living room, 2 suites, American style kitchen, open dining room, integrated service area, access to the 2nd floor through a linear staircase.

2 Floor; A beautiful master suite, home theater that integrates with the outdoor area, gourmet space. Private pool, shower with an unhealthy view of the lagoon stone.

The building has an electronic doorman, 2 parking spaces and a caretaker available.

170 m2.
3 bedrooms, 3 suite.
Recently reformed.

The residential area around the Rodrigo de Freitas lagoon is very popular. The restaurants and bars are of a high standard. The lagoon itself offers numerous opportunities for sporting activities.

Horizon Rio, a new boutique real estate agency in Rio de Janeiro that offers you a personalized and innovative experience in the hunt for luxury real estate.

Superb 340m2 duplex penthouse for sale in the exclusive Lagoa neighborhood, Rio de Janeiro, Brazil. This property offers breathtaking panoramic views over Lagoa Rodrigo de Freitas and features a spacious living room, 3 bedrooms including 2 suites, 2 bathrooms, a kitchen with service area and complete outbuildings.

The highlight of this penthouse is its large terrace overlooking Lagoa Rodrigo de Freitas, offering a breathtaking view of the lake and the famous Christ the Redeemer. It’s the ideal place to relax and enjoy the magnificent surrounding scenery. What’s more, a second terrace at the rear offers additional space for relaxing outdoor moments.

This property also has two parking spaces, guaranteeing great comfort and security for residents. A concierge is also available during business hours.

The Lagoa district is renowned for its exclusive ambience and beautiful surroundings. You’ll enjoy a wide range of leisure activities, as well as close proximity to restaurants, high-end boutiques and renowned cultural establishments.

This opportunity to acquire a duplex penthouse with panoramic views in the sought-after Lagoa district is unique.

The window/balcony safety nets are optional and have been installed by the current owner. They can be easily removed.

206m2 apartment with 4 bedrooms including 3 suites, very well decorated for sale in the Lagoa neighborhood.

The apartment is modern and spacious, decorated in light and neutral tones. It is well illuminated thanks to large and numerous windows, especially in the morning. The living room is divided into two areas, the gourmet area and the relaxation area. It has a nice wooden floor and access to a large balcony.

The rooms are well laid out and decorated. The first two have space for queen-size beds. The bathrooms are well equipped and modern, with a shower, sink and toilet.

The apartment also has air conditioning and a service area with full dependencies. It is sold furnished, including the kitchen, service area, suites, bathrooms and bedrooms.

The building has a concierge available during business hours, 7am to 6pm. There is only one apartment per floor for a total of 4 floors.

This 206 m2 apartment is ideally located in the Lagoa neighborhood. It is a lively and safe neighborhood in the southern part of Rio de Janeiro with many bars, restaurants and quality shops. It is therefore an ideal property to invest or to settle in the city.