Ten Neighborhoods in Rio de Janeiro Show Rent Drops in March

By Ruth Faulkner, Contributing Reporter

RIO DE JANEIRO, BRAZIL – A survey by Secovi-Rio, the city's housing union, shows that ten out of eighteen neighborhoods in Rio saw a fall in rent in March 2015, when compared to February of the same year. This demonstrates a more significant drop than when compared to March 2014, where a decrease can be seen in eight locations. The analysis is based on "standard apartments" with one to four bedrooms.

Vice president of Secovi-Rio, Leonardo Schneider, analyzed the situation, suggesting that the real estate market in Rio de Janeiro is experiencing a . . .

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