Rio Property Prices Beat São Paulo

By Doug Gray, Senior Contributing Reporter

RIO DE JANEIRO - The booming real estate industry in Brazil remains untouched by the economic fall out of the 2008 credit crunch. Partly due to foreign speculation as a result of the forthcoming 2014 World Cup and 2016 Olympics on these shores, partly due to the boost in domestic demand amongst increasingly affluent Brazilians, housing prices have risen in a manner never before witnessed in the country.

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