Political and Economic Unrest Impacting Expatriate Housing
AIRINC conducted August surveys in many Brazilian cities where expatriate rental markets are softening due to lower demand. After several years of political and economic unrest, many markets are oversupplied, allowing tenants the power to negotiate. In Rio de Janeiro, some tenants can negotiate lower rents or leases that include better furniture or other extras not previously provided. Tenants at the end of a lease may even be able to move to more desirable neighborhoods for a similar rent, depending on the landlord's needs and the length of time a rental property has been empty.
The Impact of the World Cup and Olympics on Brazil
A building and buying boom prior to the World Cup and the Olympics has dwindled to very few projects, since supply is already greater than demand. Landlords continue to be open to negotiation in Sao Paulo in the face of low demand, though tenants should not expect large discounts for high-end rentals.
AIRINC's Data Points: Your Global Mobility News
Want to learn more? The above excerpt is taken from Data Points, AIRINC's quarterly newsletter. Data Points brings you the latest updates from our Housing, Goods & Services, and Tax departments based on our expert international surveys, which are conducted by our global data collection team on-location.
This quarter's cost-of-living surveys were conducted primarily in North America, Central and South America, the Middle East, Africa, and maritime Southeast Asia-Pacific.