Rental Prices in Brazil Decline by 1.30 Percent Despite Inflation

By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – The effects of an ailing economy and slowly rising unemployment rates have led average prices of residential real estate rentals in Brazil to decline by 1.30 percent over the past twelve months, according to the FipeZap index for July. This drop is happening despite a steady increase in inflation, which is forecasted to reach over nine percent by Brazil's Central Bank.

The latest Subscribe to our Premium Membership Plan. Already Subscribed?