Number of Residential Properties for Rent in Rio Reaches Highest Level in Past Five Years

Vila da Penha is the neighborhood with the most empty residential properties for rental, almost 34 percent. Vacancy rates had been dropping sharply before the pandemic, but the novel coronavirus rocked the market.

RIO DE JANEIRO, BRAZIL - The APSA real estate administrator conducted a survey that shows a significant increase in the number of vacant properties available in September in the city of Rio de Janeiro.

For the second consecutive month, the highest vacancy rate . . .

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