By Georgia Grimond, Senior Contributing Reporter
RIO DE JANEIRO, BRAZIL – The price of real estate in Brazil rose on average only 0.53 percent over the twelve months to March, according to the FipeZap index. It is the smallest increase registered since the index began in 2008. The high rate of inflation in the country means that the property market experienced a fall in real terms of 8.10 percent.
Of the twenty Brazilian cities surveyed, all of them apart from Florianópolis experienced variations in the price of real estate below the rate of inflation, measured by the IPCA . . .
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