A few months ago, the ZAP real estate index showed a 0.1% average price drop in Ipanema (Rio de Janeiro) real estate. This time, for the month of August, Housing Market BR reports that the latest Zap statistics expose an even more significant drop: – 1.8% (the biggest monthly drop in 4 years). To make things worse, the sample (market supply of homes) increased from 1084 to 1441 (33%) in just one month. For the 6 month period, the increase is a staggering 80%!

Is the bubble starting to pop?

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