Rio Property Prices and Rents Up Again

According to a survey published this week, property prices and rents both rose significantly in Rio de Janeiro in 2013. The FipeZap Index organisation released data showing that sale prices for accommodation in the city went up by fifteen point two percent. This compares to 13.7% as a national average within the sixteen major cities of the country, the so-called ‘expanded’ urban group.

On the other hand, the rise for rented property in Rio was just 8.3%. Although that is less of an increase than in the previous year, FipeZap research co-ordinator Eduardo Zylberstajn explained that despite the slight slowing this time, the year by year rise in rental costs was a steady feature in the city.