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By Jay Forte, Contributing Reporter

RIO DE JANEIRO, BRAZIL - A survey of the FipeZap index shows that the average residential rental prices in Brazil had a nominal fall of 3.23 percent last year, not including inflation. Considering official inflation measured by the Broad Consumer Price Index (IPCA), the average value of a lease fell by 8.95 percent in 2016.

The data was released by the FipeZap index this morning (Tuesday, January 17th) and all eleven cities monitored by the index had a real Subscribe to our Premium Membership Plan. Already Subscribed?