Right, I am not an Agent, Developer or Seller of property either in Brazil or anywhere else...firstly congrats "concerned" as you piece is well put and seems very credible. This whole issue seems to me to be a salutory warning to anyone thinking of "speculating" in the off plan/overseas property market either in Brazil or elsewhere. The basic problem lies in the concept of pre-selling something that isnt built or is nowhere near built on the basis that when complete it will be worth a lot more. In the UK this never happened before, you went to look at a house and you bought it, simple as that and to my mind this is the way people should invest overseas too. The world property market is in trouble (only today UBS Chairman left under a cloud due to sub prime issues) and there can be no valid reason why prices in overseas property will rise anywhere for at least 3/5 years....there are no economic fundamentals to justify this rise...so it is a buyers market and offer at least -25% of the asking price on finished properties and see what reaction you get...simple as that!
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