Rio Property Development Sales Suffer in Pre-Olympics Dip

By Georgia Grimond, Senior Contributing Reporter

RIO DE JANEIRO, BRAZIL – Host countries can expect a fall in demand in the property market after they have put on big sporting competition, but usually after the event has taken place. Rio de Janeiro, suffering with the rest of Brazil from a failing economy and the effects of a country-wide scandal at Petrobras, the state-owned oil company, is struggling already, according to reports.

In Barra da Tijuca, a wealthy neighborhood in the city which will host much of the Subscribe to our Premium Membership Plan. Already Subscribed?