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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 . . .

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