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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…