03.10.2008 - The solid construction of the Brazilian real estate market
From Brazilcham.com: The Brazilian real estate market has experienced massive development over the past few years, with a record number of constructions, sales, and financing. This growth has not been restricted to big cities such as São Paulo, Rio de Janeiro, or Belo Horizonte, but instead has spread all over the country. Although some might consider such growth to be a significant risk for a mortgage bubble, similar to what has happened in the United States, the truth is that the situation is quite different in Brazil. Considering the positive perspectives for 2008, one could expect that the country will undergo a long growth period in this market. The growth of the Brazilian real estate market has occurred due to a number of factors..... Full Article: Source
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