Cap May Limit Rio Real Estate Boom: Daily

By Ben Tavener, Senior Contributing Reporter

RIO DE JANEIRO, BRAZIL – In the past few years the cost of real estate has skyrocketed in Rio de Janeiro, especially in the sought-after areas of Zona Sul (South Zone). While property owners and developers have doubled and tripled their investments, renters and new buyers have struggled, and regulators may make efforts to help.

Despite lobbying by real estate industry representatives, the government has not signaled it is willing to increase the R$500,000 cap on the limit for homes financed by the

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