RIO DE JANEIRO, BRAZIL - With a booming real estate market, Rio de Janeiro showed an increase in average residential real estate sales figures. Despite the increase, Rio recorded the lowest rise in Brazil. Nevertheless, the Marvelous City retained the country's most expensive square meter.
According to the FipeZap Index of Advertised Real Estate Prices, developed by the Economic Research Institute Foundation (FIPE) and the ZAP Group, the rise in the capital of the state of Rio de Janeiro reached 1.6%.
The indicator follows the variation in the average price per square meter of finished houses and apartments in . . .
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