Brazil Real Estate Prices Register Increase in February
Rio de Janeiro real estate sale prices were stable last month, showing a marginal 0.08 percent increase. But, over the last twelve months, the Cidade Maravilhosa showed a cumulative decline of -2.99 percent. Residential real estate sale prices remained stable in February, showing a nominal increase of 0.08 percent across Brazil while inflation rose 0.34 percent in the same period, according to the latest FipeZap Sale Index, which monitors the listings and sales values in fifty Brazilian cities. In February,…
Rio de Janeiro’s Housing Market will stay strong at least until 2017
Investors worried about an overheated Chinese housing market need only turn to Brazil. This real estate market has legs. And the recent five-year real estate boom there has a good five more years before home values stop appreciating. Housing prices have cooled in recent months, but are rising year over year. Interest rates are falling to single digits once again as inflation begins to ease on account of the global economic slowdown taking its toll on Brazil. That hasn’t stopped the fact that Brazil’s middle…
