By Ben Tavener, Senior Contributing Reporter
RIO DE JANEIRO, BRAZIL – The average residential rent in Rio de Janeiro soared 21.4 percent in 2011, according to information from the FipeZap Index. In the same period, rents in São Paulo increased 14.5 percent. The rate used to adjust rents, the IGP-M, however, rose by just 5.1 percent – four times less than the increase witnessed in Rio.
If that number looks high, for sales, the average square meter in . . .