By Nelson Belen, Contributing Reporter
RIO DE JANEIRO, BRAZIL – Residential rental prices in Brazil remained stable in October at -0.04 percent, but showed a nominal loss when measured against the month’s inflation rate of +0.40 percent, as calculated by the IPCA/IBGE (National Consumer Price Index/Brazilian Institute of Geography and Statistics).
The figures were published in the latest FipeZap Rental Index, which tracks real estate rental listings across Brazil’s fifteen largest cities.
Nine of the fifteen cities in the survey registered increases in October. However, only São Bernardo de Campo (+2.98 percent),