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With Credit Crunch in Brazil, Real Estate Consortiums Up 41.5%

By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – With declining credit supply and no forecast of an improvement in the economy in the short-term, many Brazilians have resorted to the consortium system to help pay for durable goods such automobiles and homes. According to ABAC (Brazilian Association of Consortium Administrators) there was a 41.5 percent increase in demand for real estate consortiums from January to November of 2015 in comparison to the same period in 2014.

“We had a good performance (in 2015), and the expectation for 2016 is the best possible,” Abac President Paulo Roberto . . .

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