Experts close to President Rousseff warn of a “real estate bubble” in Brazil

Monday, September 17th 2012 - 02:47 UTC

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A team of experts working for the administration of President Dilma Rousseff has warned of the existence of a “real estate burble” in Brazil with the value of houses soaring 165% in Rio do Janeiro and 132% in Sao Paulo in the last four years. Read full article

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GeoffWard2
This “real estate burble” may be true of Rio and SP, but I can tell you it is not anywhere near the truth in the North East of Brasil.
Just like anywhere else in the world, you can't classify a whole country by using its megacities to make the case.
Sep 17th, 2012 - 12:14 pm - Link - Report abuse 0
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Fido Dido
Geoff, old man..I agree with you.
Sep 17th, 2012 - 07:05 pm - Link - Report abuse 0
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Hepatia
http://en.mercopress.com/2012/09/17/experts-close-to-president-rousseff-warn-of-a-real-estate-bubble-in-brazil#comment164553: Its hard to believe that there will be a real estate bubble in the NE any time soon - even in Fortaleza.
Sep 18th, 2012 - 03:08 am - Link - Report abuse 0
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British_Kirchnerist
These experts make a lot of sense and it is a credit to Dilma that such critical voices can be described as “close” to her. Hope Brazil does not repeat the problems we've had in Britain with housing bubbles...
Sep 18th, 2012 - 03:09 pm - Link - Report abuse 0
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GeoffWard2
The problem for Britain is not a housing bubble, its a house price bubble.
There is a significant lack of housing in GB.
Sep 19th, 2012 - 08:25 am - Link - Report abuse 0
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