By Nelson Belen, Contributing Reporter

RIO DE JANEIRO, BRAZIL - On Tuesday, May 10th, the São Paulo State Housing Syndicate (Secovi-SP) released the results of its most recent survey showing that new housing sales in São Paulo for March 2016 totaled 1,070 units, a 16 percent decrease compared to March 2015. Despite the March result, the first quarter of 2016 saw an increase in total residential units sold in the state capital, 2,856, a 4.4 percent increase over the first quarter of 2015, according to an O Globo report.

Nevertheless, the volume sold in the . . .

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