It is booming construction sector and the money lenders also have something like this
The Federal savings bank Caixa Econômica Federal has 2010 a net profit of Generated R $ 3.8 billion, 25.5% more than last year. The housing loans reached a value of R $ 77.8 billion, representing 57.2%, even more than in 2009.
In the city of São Paulo in the next 2 years, about 520 residential towers to be built, 250 of them still in 2011. 60% of high-rise buildings will have up to 120 apartments with one or two bedrooms and emerge in the east and west of the city. The median sales price is 350,000 R $, which are about € 156k. EURO INTERNATIONAL
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