With hotels mostly booked, landlords are charging over $4,000 per night for tourists seeking luxury accommodation in Rio de Janeiro for the Olympics in August.
They are asking $4,300 a night for a six-bedroom apartment far from Olympic venues and beaches.
The booking website Trivago says hotels are more than 97% full, so visitors are resorting to room rental websites like Airbnb to find lodging.
From penthouses in plush beachside neighborhoods to bare brick homes in Rio’s shantytowns, lodging of all kinds is being offered.
One real estate agent says local homeowners are looking to rent their homes to big corporations.
The Olympic price hikes come despite a steep overall drop in the Rio real estate market.
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