Real Estate Prices Fall in Brazil for Second Consecutive Month

By Georgia Grimond, Senior Contributing Reporter

RIO DE JANEIRO, BRAZIL - Figures released on Friday, October 2nd, by FipeZap, the Economic Research Foundation Institute (Fipe), showed that the price of residential property in twenty Brazilian cities fell 0.12 percent in September. It is the second month in a row the country has experienced a downturn in the property market. It is also the biggest monthly drop in the history of the series, which started in 2011.

"It's a continuation of the movement that we have been seeing for some time now with a nominal fall," said Eduardo Zylberstajn, coordinator . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed?