Sao Paulo Real Estate Prices Are Near the Bottom, Builders Say

  • There’s too much inventory and tighter credit, says Cyrela CFO
  • Cyrela, Eztec reported decline in presales in first quarter

Real estate prices in Sao Paulo, Brazil’s biggest market, have bottomed out and should remain near that level until at least next year as Brazil’s recession plods on, according to two of the city’s largest real-estate companies.

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