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


    YOU MIGHT ALSO LIKE

    Interactive: Take a tour through divided Jerusalem

    Interactive: Take a tour through divided Jerusalem

    Take a tour through East and West Jerusalem to see the difference in quality of life for Israelis and Palestinians.

    Stories from the sex trade

    Stories from the sex trade

    Dutch sex workers, pimps and johns share their stories.

    Inside the world of India's booming fertility industry

    Inside the world of India's booming fertility industry

    As the stigma associated with being childless persists, some elderly women in India risk it all to become mothers.