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Apartment Prices Soar for High Season

By Mike Coffey, Contributing Reporter

RIO DE JANEIRO, BRAZIL - Despite a global economic recession, relatively low value of the U.S. dollar against the Brazilian real, with sky-high inflation and living costs in Rio, the statistics show that tourism growth is still strong. All this means finding a temporary apartment to stay in Rio continues to be a seller's market, especially in the high season between New Years and Carnival.

The annual growth of travelers disembarking from . . .

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