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Housing Market in Brazil Draws Caution

By Lisa Flueckiger, Contributing Reporter

RIO DE JANEIRO, BRAZIL – The discussion about housing prices in Brazil was sparked again by a statement from renowned U.S. economist Robert Shiller, who predicted the American housing bubble burst. Shiller is reported as saying, “One can’t know for sure, but I suspect that there is a housing bubble in the major cities of Brazil. […] The fact that prices have doubled in the last five years does not sound good.”

In Rio . . .

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