By Georgia Grimond, Senior Contributing Reporter
RIO DE JANEIRO, BRAZIL – The FipeZap index, which records data of property prices in twenty Brazilian cities, showed that Brazil’s real estate market grew by 1.32 percent in 2015, but also saw a reduction in Rio de Janeiro property prices by 1.36 percent. When inflation is taken into account, the real estate market in Rio suffered a fall in real terms of 10.58 percent.
Political uncertainty, rising inflation and increased unemployment are all contributing factors. A report by FipeZap said: "The drop in activity, the rapid deterioration of the labor . . .