Brazil house price hikes continue, despite bubble fears
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Brazil’s property market is overvalued by around 50%, claim Capital Economics, who have produced a whole raft of terrifying reasons why disaster hangs like a cliff over the Brazilian property market. Yet house prices in Brazil continue to rise, with household incomes surging and an expanding mortgage market making finance easier to than ever to access.
House prices in São Paulo rose by 18.8% during the year to July 2012, according to the FIPE ZAP Index of Dwelling Price Offers (12.9% adjusted for inflation). Price increases in Rio de Janeiro were even greater, up 19.8% (13.9% in real terms) during the same period.
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