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BRAZIL-HOMEBUILDERS/CRISIS
RTX1NTBM
August 10, 2015
Employees work at the construction site of a residential building in Sao Paulo August 10, 2015. Brazil's...
Sao Paulo, Brazil
Employees work at the construction site of a residential building in Sao Paulo
Employees work at the construction site of a residential building in Sao Paulo August 10, 2015. Brazil's once red-hot housing market has turned cold quickly, forcing many developers to slam the brakes on new construction, though one corner of the industry is so far riding out the nation's worsening economic slump.The Brazilian real estate market is witnessing a drastic reversal from four years ago, when an economic boom lifted millions into an expanded middle class and fueled a home-buying frenzy that pushed prices up by as much as 30 percent on an annual basis. REUTERS/Nacho Doce
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