By Andrew Willis, Senior Contributing Reporter
RIO DE JANEIRO, BRAZIL – Last week the Caixa Econômica Federal (Federal Savings Bank) announced lower interest rates on loans for those planning to buy properties valued at over R$500,000 in Brazil. The move is part of the Brazilian government’s efforts to stimulate the country’s flagging economy, and keep up with an explosive property market that has outpaced financing options in recent years.
Caixa is the largest government-owned . . .