Brazil housing surge raises fears of bubble

Growing consumer debt and rising inflation are pushing the market to unsustainable levels, say critics.

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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