Metro Set to Bring Ipanema Boom

By Doug Gray, Senior Reporter

RIO DE JANEIRO, BRAZIL - ‘The Olympic Effect’ may already be well underway in Rio’s real estate market with prices expected to double in many of the city’s neighborhoods by 2016, but values in one of the most fashionable parts of the city will receive another significant boost later on this month.

Praça General Osorio in Ipanema will become the nineteenth stop on Line One of the Metro transit system, planned to open on December 21st when President Lula cuts the . . .

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