Rio Still Brazil’s Most Expensive Real Estate Despite Declines

For the seventh consecutive month, September residential real estate sale prices across Brazil registered a marginal decline of 0.07 percent, with Rio de Janeiro prices dropping 0.57 percent.

By Nelson Belen, Contributing Reporter

RIO DE JANEIRO, BRAZIL – According to the latest FipeZAP residential real estate sales index, which tracks prices in Brazil’s twenty biggest cities, Rio de Janeiro once again had the most expensive residential real estate sale prices in the country.

The Cidade Maravilhosa's average residential sale price of R$9,918 per square meter was well ahead of the next most expensive city, São Paulo. Brazil's commercial capital . . .

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