RIO DE JANEIRO, BRAZIL - The sale price of residential real estate in 50 municipalities increased for the second consecutive month. In October, the FipeZap Index rose by 0.43 percent, after posting a 0.53 percent increase in September. The data are from Fipezap Index, a study conducted by the Institute of Economic Research Foundation (FIPE).
Despite the increase, the index remained below projections, taking as a parameter the National Broad Consumer Price Index (IPCA), as measured by the Brazilian Institute of Geography and Statistics (IBGE). A 0.79 percent variation had been expected.
"Once the expected variation in consumer . . .