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By Jay Forte, Contributing Reporter

RIO DE JANEIRO, BRAZIL - The real estate market across Brazil has been cooling quickly as the country's economic indicators continue to contract, and it is being felt in Rio de Janeiro more than anywhere. Now according to the Fipe-Zap Index, rental prices have dropped in Rio almost a full one percent, as opposed to the national average of 0.18 percent.

Prices in the city were 0.99 percent lower in May compared to April, the Subscribe to our Premium Membership Plan. Already Subscribed?