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By Jay Forte, Contributing Reporter

RIO DE JANEIRO, BRAZIL - Despite a political quagmire and ailing economy in Brazil, in August 2016 the Olympic Games will be in Rio and the city is preparing to host the mega-event. While hotels will bear the brunt of travelers, the market for temporary apartments will also boom, and the city's renters and real estate agencies are looking forward to seeing the Cidade Maravilhosa brimming.

In January this year, Embratur, Brazil’s Institute of Tourism, estimated that Subscribe to our Premium Membership Plan. Already Subscribed?