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New Skyscrapers Take Over São Paulo’s Real Estate Boom

RIO DE JANEIRO, BRAZIL - The real estate market in São Paulo has never been stronger. Walking through the wealthiest city in Brazil, one cannot avoid construction sites that gave life to previously empty properties.

Five skyscrapers are being built on a single street in the Itaim Bibi, the city's financial district. Newspapers are filled with announcements of new buildings intended for anyone with a fixed salary.

Not to mention the realtors. In some neighborhoods, they seem to be everywhere, waiting to address any passer-by who looks like a potential buyer.

They peek outside bakeries and wait at . . .

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