BUSINESSTHE RIO TIMES
Rio Rents Jump 43% in Three Years as “Dollarization” Pushes Locals Out
Average rents in Rio de Janeiro increased 42.7% between May 2023 and May 2026, with rents in Copacabana, Ipanema, and Leblon nearly doubling since 2021. Foreigners accounted for 28% of studio purchases in those beach areas, as rising costs push locals out due to 'dollarization.'
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