By Stephanie Foden, Contributing Reporter

RIO DE JANEIRO, BRAZIL – The price of real estate rentals in Rio dropped 0.07 percent in August, according to the FipeZap index, marking the first decline since June 2010, when prices fell by 0.4 percent. While most other cities did see a rise in rental costs in August, Rio remains the most expensive city surveyed by a significant margin.

Across all neighborhoods in the Cidade Maravilhosa the average square meter price in Rio de Janeiro is R$9,534, followed by Brasília at R$8,486 and São Paulo at R . . .

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