Rio Residential Rental Prices Drop 8.6 Percent in Twelve Months

Rio de Janeiro rental prices show Brazil's second highest decline for October (-1.06 percent) and highest decline for the past twelve months (-8.59 percent).

By Nelson Belen and Jay Forte, Contributing Reporters

RIO DE JANEIRO, BRAZIL - According to data released by the FipeZAP Rental Index, Rio de Janeiro rental prices have dropped precipitously over the last twelve months, declining -8.59 percent, well ahead of the city with the second largest decline, Campinas, at -4.30 percent.

In comparison, rental prices throughout the country have seen a nominal drop of -0.77 percent in that same period.

"The market is finally . . .

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