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Brazil’s housing market could see possible trouble ahead

Posted on 31 May 2012

Brazil’s burgeoning middle class is moving up in the world, into fancier high-rises. The discovery of vast oil deposits off the coast has flooded the city with renters carrying fistfuls of petrodollars. And property owners already are hiking rents in anticipation of Rio’s upcoming mega-events, the 2014 soccer World Cup and 2016 Olympics.
Property prices in some neighborhoods have risen six-fold in the past decade and now rival those in world capitals such as New York or Paris………………………………………..Full Article: Source


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