If you bought a home in Brazil before 2008, you’ve likely got a huge smile on your face. That’s because real estate prices skyrocketed by 121.6 percent between 2008 and 2013, the strongest appreciation rate among 50 countries examined by the Bank for International Settlements, which serves as “the central bank for the world’s central banks.”

By comparison, prices in Hong Kong spiked by 101.4 percent during the same period.

Even though Brazil’s housing market began to cool in 2012, prices were up 9 percent in 2013, which is “nothing to suggest a bubble is popping.”

Source: Forbes

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