By Nelson Belen, Contributing Reporter
RIO DE JANEIRO, BRAZIL – According to the latest FipeZAP Brazil Residential Sales Index, which tracks residential real estate prices in the country’s twenty biggest cities, prices in Brazil’s residential sales sector remained relatively stable in October showing a nominal decrease of -0.06 percent.
However, October’s -0.06 percent variation fell below the rate of inflation for the period of 0.55 percent, as measured by the IPCA/IBGE (National Consumer Price Index/Brazilian Institute of Geography and Statistics).
According to FipeZAP, none of the cities that registered increases in October were . . .