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Brazil builders seek debt relief as housing market plummets

Industry a casualty of the recession, highest interest rates in almost a decade and soaring inflation

Home sales in Latin America's biggest economy tumbled 14 per cent in H1 2015, according to national real estate institute data.

New York

NOT long ago, Brazil's real estate market was one of the biggest symbols of the country's burgeoning economic might.

Now, it's fallen victim to an ever-deepening recession.

PDG Realty SA, once the largest homebuilder by revenue, hired Rothschild last week to help...

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