Contrary to the expectations, the Brazilian Olympic Games did not bring benefit to the real estate market. Moreover, the Games have had a negative impact on the prices: housing prices surged 1.5 times in Rio de Janeiro from 2011 to 2015 after, the real estate market destabilized. According to the Brazilian Association of Real Estate and Economic Research Institute, the number of home sales made up just over 49,000 in the first half of 2016 which is 14% less compared to the same period last year. Property purchases are replaced by rent.





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