Looking for an apartment in BH, we notice many people advertising their apartments to rent during the World Cup. Some are ridiculously priced at 15,000 to even up to 70,000 R$.
Are these people crazy. Ok, I can understand if you are very rich and want to stay at an upscale 3 floor penthouse on Ipanema with private terrace, swimming pool, and personal assistants. There IS a market for that.
But, I have been seeing countless ads for regular small apartments in new and in older buildings for these outrageous prices.
Are people willing to pay this? Or do some Brazilians think the average foreigner will actually pay this amount for a small apartment that normally would sell between 150,000 to 350,000 R$.
It seems absurd.