By Shalina Chatlani, Contributing Reporter

RIO DE JANEIRO, BRAZIL - Property prices in Rio have boomed over the last seven years, with apartment rental prices topping out in 2014, and now slowly starting to decline through 2015. Although Rio remains one of the most expensive cities in South America, foreigners with U.S. dollars to spend will feel a huge difference as the Brazilian real currency has fallen almost fifty percent since the beginning of 2015.

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