By Lise Alves, Senior Contributing Reporter
SÃO PAULO, BRAZIL – With declining credit supply and no forecast of an improvement in the economy in the short-term, many Brazilians have resorted to the consortium system to help pay for durable goods such automobiles and homes. According to ABAC (Brazilian Association of Consortium Administrators) there was a 41.5 percent increase in demand for real estate consortiums from January to November of 2015 in comparison to the same period in 2014.
“We had a good performance (in 2015), and the expectation for 2016 is the best possible,” Abac President Paulo Roberto . . .