Rio de Janeiro Real Estate Sector May Only Recover in 2019

The outlook for 2018 in Rio is still lower prices, high inventories – and weak demand.

By Jay Forte, Contributing Reporter

RIO DE JANEIRO, BRAZIL - A report by major Brazilian news outlet O Globo stated that 2018 should see the real estate market turn around for the country as a whole. However experts in the field also say that Rio de Janeiro may only stabilize next year, in 2019.

At the height of the real estate boom in Rio during mid-2011, in over just twelve months prices rose more than forty percent. Last week the FipeZap Index showed that Rio’s residential Subscribe to our Premium Membership Plan. Already Subscribed?