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Brazil Residential Sales Down for Sixth Straight Month

By Nelson Belen, Contributing Reporter

RIO DE JANEIRO, BRAZIL – According to the latest FipeZAP residential real estate sales index, which tracks prices in Brazil’s twenty biggest cities, residential real estate sales prices maintained its downward trajectory in August, registering a marginal decline of -0.12 percent.

August's decline represents the sixth consecutive month of nominal decreases, resulting in a total decrease of -0.5 percent for 2017.

Charlie Jonas from luxury real estate agency, Rio Exclusive, explained, "As expected market prices have been going down and . . .

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