Rio de Janeiro new home launch prices rose almost 70% in a year, far outpacing the resale market. What is driving the surge and what it means for buyers.
Key Facts
—The headline. Prices of newly launched homes in Rio de Janeiro rose 68.51 percent over twelve months.
—The level. That took the average launch price to about 19,445 reais ($3,540) per square metre.
—The gap. Prices of finished, resale homes in Rio rose far less, in the range of six to fifteen percent.
—The source. The figures come from the Radar da Construcao report by OLX, Sienge, CV CRM and Nomad.
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