Brazil’s housing market remains fragile with house prices in Sao Paulo rising by a minuscule 0.21% during the year to Q3 2020, following annual growth of 0.31% in Q2, declines of 1.01% in Q1 2020, 1.96% in Q4 2019, 0.88% in Q3, 1.29% in Q2 and 2.41% in Q1. On a quarterly basis, house prices in Sao Paulo were almost unchanged in Q3.
As the nation emerges from a lengthy economic slump, the bustling city of São Paulo is beginning to see sales and prices rebound.
More countries and are seeing residential property price rises year on year than at any time in the last decade but the average rate of growth is slowing significantly, the latest global index shows.
Brazil's economy shrank in the first three months of the year for the first time since 2016, when the country was in recession.
Portugal’s tax breaks, security attracting rich Brazilians. Locals complain about being priced out of real estate market.
Brazil is coming out of a lengthy recession following years of political turmoil. Home prices fell 3.23 percent in 2017 and 5.38 percent in 2016, when inflation is factored in, according to the FipeZap Index, which tracks sales in 20 Brazilian cities.
The price fall was the first recorded since FipeZap began calculating its much-followed indicator 10 years ago
Government policymakers and industry executives will meet on Tuesday in Brasilia to decide on a final version before sending it for congressional approval
Priced out of Rio's favelas, Brazil's poorest communities are squatting in abandoned government buildings.
Brazil's economy has grown 1% in the first three months of 2017, putting an end to the country's longest recession in history, officials have announced.
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