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Brazil housing surge raises fears of bubble
Growing consumer debt and rising inflation are pushing the market to unsustainable levels, say critics.
Last Modified: 08 Aug 2011 21:38

As other world economies falter, Brazil is enjoying an economic boom and so is its real estate market.

But as prime acreage prices across the country and especially those in Rio de Janeiro reach historic highs, some in the sector are questioning whether this is a boom or an unsustainable bubble.

Analysts on both sides say there is concern that the Brazilian currency is currently overvalued.

Al Jazeera's Adam Raney reports from Rio de Janeiro.

Source:
Al Jazeera
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