Talking about bursting bubbles… from Exame magazine (through Google Translate):
“Anyone thinking it is impossible to buy property in Brazil at current high prices may have gained an option. Launched four months ago, the sitePromoimóveis sell houses, apartments or commercial buildings with discounts up to 30%. Magic? Far from it. The site acts as avirtual outlet and sells properties that are stuck in developer’s inventory for a year or more.”
Source: Exame
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