Billions in Share Offerings, Low Interest Rates, Stimulate Brazil Real Estate Sector Growth

The sector's momentum is good news for the economy as a whole. "Traditionally, this sector anticipates the scenario of economic growth. GDP growth should be less intense, but sustainable in the long term," says Bradesco BBI's Alessandro Farkuh.

RIO DE JANEIRO, BRAZIL - The housing market may be close to a vigorous upturn. Since July, six construction companies and developers have raised R$3.8 billion (US$950 million) in new share offerings to speed up their residential and commercial projects. With the drop in interest rates - the SELIC reached an annual rate of Subscribe to our Premium Membership Plan. Already Subscribed?