Thursday, July 31, 2014 Latin America
Source: The New York Times
SÃO PAULO, Brazil — I live in Mandaqui, a district six miles from downtown. The nearest subway station is roughly two miles away, or about 30 minutes by bus, since they’re slow and scarce. It’s not the best place to live if you don’t have a car. Even so, the average price per square foot here recently soared to $250. Real estate in prime areas of the city can now cost as much as $465 per square foot.