Sao Paulo Skyline Fills Up With New Towers as Real Estate Booms
- Residential market in Brazil’s largest city is booming
- Smaller cities seen following trend as low rates lure buyers
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Sao Paulo real estate has never been so hot.
Walking around Brazil’s wealthiest city, it’s impossible to avoid the construction sites suddenly breathing life into formerly empty lots. One street alone in Itaim Bibi, the city’s financial district, has five skyscrapers going up. Newspapers are packed with ads for new high rises targeting just about anyone with a steady paycheck.