By Michela DellaMonica, Contributing Reporter
RIO DE JANEIRO, BRAZIL — While there is no question the property market in Rio, especially Zona Sul (South Zone), has exploded in the last five years, there continues to be some doubt about where the ceiling is, or if a bubble scenario has arrived. One segment of the market likely to remain insulated is the very high-end luxury penthouse apartments, where Indigo Investments, run by British expatriate James Lomas, has focused.
Mr. Lomas first came to Rio in 2007 and quickly launched Indigo Real Estate Investments . . .