Nobel prize winner expresses concerns about Brazilian real estate market bubble.

A Reuters article reports concerns by Robert Shiller that there may be a bubble in the Brazilian real estate market.  Shiller won the Nobel Prize in Economics in 2013 for work on market bubbles.  Friends in Rio de Janeiro report similar concerns.  One friend, who lives in a glorious penthouse apartment overlooking Copacabana Beach,  would like to move  to a smaller apartment, but says he can’t afford one.  Prices in Rio de Janeiro are now like those in Manhattan.

About corcovadopress

I am the manager of Corcovado Press, which publishes works in English on Brazilian themes. We do not accept unsolicited manuscripts.
This entry was posted in Brazil. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s