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Brazil’s real estate boom begins to lose traction

Posted on 14 August 2012

Lending for real estate development in Brazil, including both mortgages and bank loans to developers, may post healthy growth this year, by international standards, but the expansion will be considerably less robust than in previous years.
The total volume of such lending is expected to expand 20% in 2012, to some 95.9 billion Brazilian reais ($47.35 billion). That level of growth is not only smaller than expected, it also represents a sharp decline from recent-year trends, when real estate lending typically advanced by 50% per annum………………………………………..Full Article: Source


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