Real Estate up 100%

By Karen Shishiptorova, Contributing Reporter

RIO DE JANEIRO – Within the last decade, the real estate market in Brazil has experienced a credit-fueled boom, in the midst of gradual interest decreases. Brazilians have begun to benefit from many mortgage products which were previously unavailable, offered by private and government banks alike, along with an expansion of federal mortgage programs.

In addition, the heavy paperwork and bureaucracy inherent to Brazilian home loans is being lessened with the birth of mortgage brokers, a newcomer to the market.

With an extended credit line, Cariocas have gone house hunting. According to an unprecedented study . . .

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