Negative property news for Brazil as property prices continue to fall
January 30, 2019
House prices internationally are still suffering with recent news that Brazil continues to see negative growth with Sao Paulo seeing falls of 2.52% year on year for Q3 2018. Having started due to the central bank raising interest rates back in 2013 which saw 9 x rate rises and an economic slow down, despite some recent uplift in the economic situation such as employment figures, property prices still seem to be gloomy (despite positives such as the 2014 World Cup and 2016 Olympics being hosted there).
Full report can be read on the Global Property Guide website.
Free title image provided by Pixabay.
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