Real Estate Market in Rio Increased By 15% in 2013

By Michela DellaMonica, Contributing Reporter

RIO DE JANEIRO, BRAZIL - The cost of real estate in Rio de Janeiro rose by 15.2 percent in 2013, according to the FipeZap Index announced the first week in January. The rental market increased by 8.3 percent, which is lower compared to 11.4 percent recorded in 2012. This percentage surpassed the the official inflation projection of 5.7 percent by the IPCA.

According to chief researcher, Eduardo Zylberstajn, despite the Subscribe to our Premium Membership Plan. Already Subscribed?