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By Nelson Belen, Contributing Reporter

RIO DE JANEIRO, BRAZIL - The upscale neighborhood of Leblon remains the most expensive in Rio de Janeiro, but in October prices in the exclusive area fell slightly from September’s R$21,789 per square meter to R$21,727 last month. The news comes as the country's economy continues to look bleak and the state remains in a financial crisis.

Despite stagnant and falling housing prices throughout Brazil, Rio de Janeiro continues to be the city with the most expensive square meter in the country (R$10,236), followed by São Paulo . . .

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