By Georgia Grimond, Senior Contributing Report

RIO DE JANEIRO, BRAZIL – Brazil’s Economic Research Foundation Institute (Fipe) and real estate portal Zap released their monthly real estate index, FipeZap, on Thursday November 5th. After registering the largest drop since the index began last month, the change house prices in twenty cities in the country was only negative 0.01 percent between September and October.

Based on the price per square meter of apartments advertised, the survey showed that the average, country-wide price was R$7,612, only slightly higher than the average for Subscribe to our Premium Membership Plan. Already Subscribed? Login Here