Dinner-party conversations about house prices, newspapers packed with ads for glitzy show-homes and properties changing hands for twice their price three years ago: recently Brazil’s business capital, São Paulo, has felt a lot like pre-bust London or New York.
The property fever there and in other Latin American countries makes some fear that the region’s economic renaissance may have become over-exuberant. But the housing boom is grounded in rising prosperity rather than excessive debt..............................................Full Article: Source
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