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Brazil housing market to avoid downturn in 2012

Posted on 03 January 2012

Brazil’s property bubble should avoid bursting in 2012, a Reuters poll showed on Friday, forecasting real estate prices in Latin America’s largest economy would increase modestly after years of stellar rises.
The poll of 15 banks, research groups and business associations, taken over the past week, downplayed the risk of a sharp downturn, with a recent credit boom underpinned by a steady improvement in wages and affordability conditions………………………………………..Full Article: Source


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