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By Nelson Belen, Contributing Reporter

RIO DE JANEIRO, BRAZIL – Residential real estate sale prices remained stable in February, showing a nominal increase of 0.08 percent across Brazil while inflation rose 0.34 percent in the same period, according to the latest FipeZap Sale Index, which monitors the listings and sales values in fifty Brazilian cities.

In February, Rio de Janeiro real estate prices recorded an increase identical to the nationwide average, 0.08 percent. However, over the last twelve months, the Cidade Maravilhosa noted a cumulative decline of -2.99 percent.

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