Never before have so many luxury properties been sold in Brazil

Real Estate brokers said the most significant demand came from "clients in the financial market and technology companies". Most are foreigners, mainly Europeans and Americans, who are looking for luxury properties in the country while the Real is weak.

RIO DE JANEIRO, BRAZIL - While more and more Brazilians are looking for meat bones in dumpsters in many cities, Brazil's upscale luxury real estate market is celebrating record sales. Never before have so many properties worth more than R$30 million (US$5.2 million) been sold in the country, say specialized brokers heard by G1 media.

Benjamin Cano, partner of Rio Exception, says that in the 11 years he has been negotiating the purchase and sale of luxury properties in Rio, he has never closed so many deals.

"We have almost three sales a month, which is totally . . .

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