Over the past five years the BRAZIL’s Real Estate market has soared, especially in Rio de Janeiro with the World Cup and Olympics coming up. There is plenty of optimism for investors to be found with the high tourist season returning swiftly followed by the 2014 World Cup, despite fears of a devaluation and signs of it potentially levelling off in 2013. The negative speculation was quashed by Teotonio Rezende, Caixa’s vice president (Brazil’s second largest government owned bank) who account for two…