You are here

Brazil mulls over cap on fine for homebuyers who cancel purchases

Sao Paulo

THE Brazilian government will send a bill to Congress proposing a fine on homebuyers who cancel the purchase of a property be limited to 10 per cent of the value of the house, a source with direct knowledge of the matter said on Wednesday.

Brazilian homebuilders have been...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to