Brazil Residential Real Estate Sales Down for Fourth Month

For the fourth consecutive month, residential real estate sale prices across Brazil showed marginal declines, with twelve cities outpacing June's inflation rate.

By Nelson Belen, Contributing Reporter

RIO DE JANEIRO, BRAZIL - According to the latest FipeZAP Index, which tracks residential real estate sale prices in Brazil's twenty biggest cities, prices remained relatively stable in June, registering a marginal decline of -0.15 percent compared to May.

The slight decline in June represents the fourth straight month of nominal decreases in the country's volatile residential real estate market, resulting in a total decrease of -0.23 percent in 2017.

In June, twelve of the twenty cities surveyed outpaced May's expected inflation rate of -0.15 percent, as measured by the . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed?