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Brazil’s “quiet” real estate boom

Posted on 13 May 2011

Spend an hour talking with Alpine Woods Capital fund manager, Joel Wells, and he’ll turn you into a true believer. Wells’ bullishness on Brazilian real estate is contagious. If commercial developers there ever needed a US agent to give them buzz, Wells would be their Ari Emanuel.
There’s the obvious story everyone following Brazilian real estate has been hearing since 2005 — housing prices are rising, interest rates are at historic lows, the middle class is the majority of the population for the first time ever and they have money to burn……………………………………….Full Article: Source


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