By Nelson Belen, Contributing Reporter
RIO DE JANEIRO, BRAZIL – According to the latest FipeZAP residential real estate sales index, which tracks prices in Brazil’s twenty biggest cities, residential real estate sales prices maintained its downward trajectory in August, registering a marginal decline of -0.12 percent.
August's decline represents the sixth consecutive month of nominal decreases, resulting in a total decrease of -0.5 percent for 2017.
Charlie Jonas from luxury real estate agency, Rio Exclusive, explained, "As expected market prices have been going down and hopefully will . . .