13.05.2011 - Brazil’s “quiet” real estate boom
Spend an hour talking with Alpine Woods Capital fund manager, Joel Wells, and he’ll turn you into a true believer. Wells’ bullishness on Brazilian real estate is contagious. If commercial developers there ever needed a US agent to give them buzz, Wells would be their Ari Emanuel. There’s the obvious story everyone following Brazilian real estate has been hearing since 2005 — housing prices are rising, interest rates are at historic lows, the middle class is the majority of the population for the first time ever and they have money to burn..............................................Full Article: Source
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