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By Jay Forte, Contributing Reporter

RIO DE JANEIRO, BRAZIL - A report by major Brazilian news outlet O Globo stated that 2018 should see the real estate market turn around for the country as a whole. However experts in the field also say that Rio de Janeiro may only stabilize next year, in 2019.

At the height of the real estate boom in Rio during mid-2011, in over just twelve months prices rose more than forty percent. Last week the FipeZap Index showed that Rio’s residential Subscribe to our Premium Membership Plan. Already Subscribed?