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,…
Why the Rio Olympics is not drawing Chinese buyers to Brazil
Even though it seems like Chinese investment levels only go up, Chinese buying does vary by local conditions with the Rio Olympics being a good example. According to Goldman Sachs, the Olympics is a property goldmine that has boosted real estate prices in its host city in the past. Citing Sydney, Los Angeles, and Atlanta as prime examples, the Olympics generally translates into infrastructure development, tourism growth, and a stronger profile for the host city, and this has enticed many intrepid international…
