[uam_ad id="317182"]

By Felicia Bryson, Contributing Reporter

RIO DE JANEIRO, BRAZIL - Just a couple of weeks after Brazilian security forces took over nine favelas surrounding the Rio neighborhood of Santa Teresa, residents now await a real estate valuation, which is said to increase the area's property value by around 30 percent within the next three months.

According to vice president of the Real Estate Market Association (Ademi), Rubem Vasconcellos, Santa Teresa . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed?