Demand has not kept up with the surge of new construction in Brazil. This gap has led to higher vacancy rates and lower or more negotiable rents. Landlords with vacant units are still responsible for expensive maintenance fees and IPTU taxes, and some may be willing to lower the rent to secure a tenant.
As the Americas most populous metropolitan area, traffic in Sao Paulo is infamous, regularly landing on top-ten lists of most hours spent behind the wheel.
