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Sao Paulo’s Luxury Neighborhoods Ignore Brazil Recession
Sao Paulo’s most expensive real estate got even pricier this year, surging 10 percent as wealthy buyers in search of safe neighborhoods ignored Brazil’s recession, according to one of the city’s biggest brokerage boutiques. Apartments in high-end communities such as Vila Nova Conceicao are selling for about 25,000 reais ($10,600) per square meter, said Amir Makansi, partner and chief executive officer at Anglo Americana Consultoria de Imoveis S/C Ltda, which caters to high-net-worth individuals, banks and multinational corporations. “The market for wealthy individuals is always surprising,” Makansi said in ... (full story)